Costa Rica | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Republic of Costa Rica
Records
63
Source
Costa Rica | GDP (current US$)
1960 507513829.99485
1961 490325181.61427
1962 479180824.34851
1963 511902136.80997
1964 542578367.2426
1965 592981162.26415
1966 647305630.18868
1967 699456618.86793
1968 773841494.33962
1969 853630203.77358
1970 984830158.49057
1971 1077147537.5247
1972 1238251695.5539
1973 1528925846.2547
1974 1666544754.0984
1975 1960863465.5776
1976 2412555425.9043
1977 3072427012.8355
1978 3523208809.8016
1979 4035519323.2205
1980 4831447001.1669
1981 2623803095.785
1982 2606623554.5658
1983 3146772630.7726
1984 3660477856.2298
1985 3919203960.396
1986 4418983870.9677
1987 4532952047.1563
1988 4614629898.4035
1989 5251025767.4763
1990 5711687786.7599
1991 7196276092.461
1992 8564041916.1528
1993 9582868487.4322
1994 10486787008.093
1995 11578594259.868
1996 11678424507.246
1997 12614602382.201
1998 13684255946.576
1999 14254866281.154
2000 15013629658.652
2001 15976174336.972
2002 16578820687.288
2003 17271760506.948
2004 18610594846.208
2005 20040642476.982
2006 22715540324.694
2007 26884700344.841
2008 30801744881.95
2009 30745714312.991
2010 37658614803.848
2011 42762613699.952
2012 47231655431.139
2013 50949668840.869
2014 52016408951.823
2015 56441920821.081
2016 58847019609.655
2017 60516044657.225
2018 62420164991.537
2019 64417670521.184
2020 62395610760.391
2021 64960725734.236
2022 69243626028.67

Costa Rica | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Republic of Costa Rica
Records
63
Source