Costa Rica: Trade (% of GDP)
In , Costa Rica's Trade (% of GDP) was 71.33.
That's down 1.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Costa Rica ranks #91 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #12 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 89.81
- Trough
- 60.14
- 1-year change
- -1.6%
- 5-year change
- +8.5%
- +1.6% / yr
- 10-year change
- +9.4%
- +0.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 71.3310 | |
| 72.4720 | |
| 82.2275 | |
| 70.7816 | |
| 60.1399 | |
| 65.7605 | |
| 66.9453 | |
| 65.0720 | |
| 62.1785 | |
| 60.7536 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Costa Rica's Trade (% of GDP) in 2024?
- In 2024, Costa Rica's Trade (% of GDP) was 71.33, according to World Bank Open Data.
- Is Costa Rica's Trade (% of GDP) rising or falling?
- Costa Rica's Trade (% of GDP) fell 1.6% from 2023 to 2024.
- How does Costa Rica rank globally on Trade (% of GDP)?
- In 2024, Costa Rica ranked #91 out of 160 countries reporting Trade (% of GDP).
- How does Costa Rica's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Costa Rica is below the world average. Within Latin America & Caribbean, it ranks #12 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.