Costa Rica

Description of Costa Rica

I provide geopolitical and macroeconomic analysis focusing on the country of Costa Rica, offering unique insights into how macroeconomic statistics impact its development and its relations with other nations. Drawing inspiration from the works of Henry Kissinger, George Kennan, and Peter Zeihan, I delve into the intricate dynamics that shape Costa Rica's position in the global landscape. Join me as we explore the economic nuances and geopolitical significance of this Central American nation.

Population And Age Structure

Costa Rica has a total population of 5,123,105, ranking 119th out of 194 countries. This is significantly lower than the average global population of 40,097,746. Costa Rica's population ages 0-14 make up 20.90% of the total population, which is below the average of 27.34%. The country ranks 122nd out of 194 in this demographic category.

In the population ages 15-64 category, Costa Rica's population of 3,528,858 falls below the average of 26,003,407. The country's percentage of the population in this age group is 68.88%, higher than the global average of 63.44%. Costa Rica ranks 35th out of 194 countries in this metric.

Costa Rica has 523,496 individuals aged 65 and above, ranking 100th out of 194 countries. This is significantly lower than the average global population in this age group, which stands at 3,766,959. The percentage of the population in this age group is 10.22%, slightly above the global average of 9.22%.

Summary

Costa Rica has a relatively smaller total population compared to the global average, with a higher percentage in the working-age group (15-64) and a lower percentage in the younger age group (0-14). Additionally, the country has a lower number of individuals aged 65 and above compared to the global average. These demographic indicators are crucial for policymakers and economists as they impact factors such as labor force participation, dependency ratios, healthcare needs, and pension system sustainability in Costa Rica.

Population Miscellaneous

Costa Rica has a rural population of 985,122, which is significantly below the average of 18,044,041 for 190 countries, ranking 127th out of the available countries.

The percentage of Costa Rica's total population living in rural areas is 19.229%, well below the average of 41.158%, placing Costa Rica in the 150th position out of 190 countries.

Costa Rica's urban population stands at 4,137,983, notably lower than the average of 22,425,747 for 194 countries, ranking Costa Rica 100th among the included nations.

With 80.771% of its population residing in urban areas, Costa Rica surpasses the average of 59.691%, placing it 45th out of 194 countries in this category.

The age dependency ratio in Costa Rica is 45.177%, below the average of 59.219% for 194 countries, ranking 160th among them.

Costa Rica's crude birth rate is 12.152 per 1,000 people, lower than the average of 19.384, positioning the country at 129th out of 192 countries.

The crude death rate in Costa Rica is 5.627 per 1,000 people, lower than the average of 8.214, resulting in a rank of 163 out of 192 countries.

The total fertility rate in Costa Rica is 1.555 births per woman, lower than the average of 2.603, placing Costa Rica in the 147th position out of 190 countries.

Summary

Costa Rica has a relatively low rural population compared to the global average, with a significant majority of its population residing in urban areas. The country also exhibits lower age dependency, birth, death rates, and total fertility rate compared to the worldwide averages.

These indicators are important as they reflect Costa Rica's demographic distribution, economic development, healthcare, and social welfare systems. Understanding these metrics can help policymakers, economists, and investors assess the country's socio-economic landscape and make informed decisions regarding resource allocation, infrastructure development, and strategic planning for sustainable growth.

Military

Costa Rica's total armed forces personnel stands at 10,000, which is significantly below the average of 165,908. Costa Rica ranks 131 out of 164 countries in this attribute data.

In terms of the percentage of armed forces personnel in the total labor force, Costa Rica's value is 0.41%, notably lower than the average of 1.28%. This places Costa Rica at rank 126 out of 164 countries in this category.

Summary

Costa Rica has a relatively small total armed forces personnel of 10,000, well below the global average of 165,908, placing it at 131 out of 164 countries. Additionally, the percentage of armed forces personnel in its total labor force is 0.41%, significantly lower than the average of 1.28% and ranking it at 126 out of 164 countries.

These statistics indicate that Costa Rica prioritizes other areas over military spending, potentially allocating more resources to social programs or economic development. This approach could impact its national security strategy and influence its diplomatic relations with countries that have larger military forces.

Natural Resources

Costa Rica's Forest area spans 30,348.7 sq. km, ranking 90 out of 191 countries. This value is significantly below the global average of 211,606.11 sq. km.

With a Land area of 51,060 sq. km, Costa Rica ranks 126 out of 194 countries, well below the average of 665,166.51 sq. km.

Costa Rica's Surface area of 51,100 sq. km places it at 127 out of 194 countries, notably lower than the average of 689,779.56 sq. km.

The Arable land in Costa Rica covers 243,000 hectares, ranking 139 out of 190 countries. This is significantly less than the global average of 7,329,543.16 hectares.

Costa Rica's Land under cereal production is 45,183 hectares, positioning it at 142 out of 174 countries. The average land under cereal production is much higher at 4,206,011.63 hectares.

With an Average precipitation of 2,926 mm per year, Costa Rica ranks 5 out of 178 countries, well above the average of 1,157.83 mm per year.

Costa Rica's Renewable internal freshwater resources total 113 billion cubic meters, putting it at 52 out of 178 countries. This value is notably lower than the average of 240.41 billion cubic meters.

Summary

Costa Rica, despite having limited forest, land, and arable resources compared to global averages, excels in average precipitation and renewable internal freshwater resources. These abundant water resources can be crucial for sustaining agriculture and biodiversity in the country, potentially offsetting the challenges posed by the scarcity of land resources. Costa Rica's focus on water management and conservation could lead to sustainable development strategies that harness its comparative advantage in water resources.

Resource Rents

Total natural resources rents (% of GDP): Costa Rica's value for this attribute is 0.9047, which is below the average of 4.63. The country ranks 105 out of 175 countries in this dataset.

Forest rents (% of GDP): Costa Rica's value for this attribute is 0.9013, slightly below the average of 1.53. With a rank of 61 out of 174 countries, Costa Rica performs relatively well in this aspect.

Oil rents (% of GDP): Costa Rica's value for this attribute is 0.0034, significantly lower than the average of 2.51. Costa Rica ranks 105 out of 117 countries, reflecting a limited contribution of oil rents to its GDP.

Summary

Costa Rica exhibits relatively low values across key natural resource rent indicators. The country's total natural resources rents (% of GDP) and forest rents (% of GDP) are notably below the global averages, with rankings of 105 out of 175 and 61 out of 174 countries, respectively. Additionally, its oil rents (% of GDP) are significantly lower than the average, ranking 105 out of 117 countries. These findings suggest that while Costa Rica may have sustainable natural resource management practices in place, it has limited reliance on extractive industries for economic growth, potentially signaling a focus on conservation and diversification of its GDP sources.

Commodities

Costa Rica's cereal production of 151,685 metric tons is below the attribute average of 17,249,945.93 metric tons, ranking 138 out of 174 countries.

The aquaculture production in Costa Rica is 16,268.95 metric tons, significantly lower than the average of 679,642.92 metric tons, placing Costa Rica at rank 67 out of 180 countries.

Costa Rica's capture fisheries production stands at 26,679.37 metric tons, below the average of 467,453.06 metric tons, ranking 117 out of 190 countries.

In terms of total fisheries production, Costa Rica's 42,948.32 metric tons is lower than the average of 1,153,914.85 metric tons, placing the country at rank 108 out of 182 countries.

Costa Rica's fertilizer consumption, at 660.55 kilograms per hectare of arable land, is above the average of 159.04 kilograms per hectare, ranking 6 out of 187 countries.

Summary

Costa Rica's agricultural sector, as indicated by its cereal, aquaculture, and fisheries production, lags behind global averages, placing the country at relatively lower rankings in these key areas. However, Costa Rica's high fertilizer consumption per hectare of arable land signifies a commitment to enhancing agricultural productivity and sustainability compared to many other countries.

These statistics are crucial as they highlight Costa Rica's strengths and weaknesses in the agricultural sector. While the low production levels in key areas call for potential improvements and investments, the high fertilizer consumption reflects proactive measures towards achieving food security and economic growth through enhanced agricultural output.

Intellectual Property

Costa Rica's Industrial design applications from nonresidents are significantly below the average of 1415.83, ranking 81 out of 112 countries. For Industrial design applications by residents, Costa Rica also falls below the average of 9799.58, ranking 99 out of 113 countries.

Costa Rica's Patent applications from nonresidents are below the average of 6538.40, placing the country at rank 42 out of 129. Similarly, for Patent applications by residents, the country is below the average of 19037.56, ranking 94 out of 117 countries.

In terms of Trademark applications by nonresidents, Costa Rica performs below the average of 15878.93, securing a rank of 61 out of 130. For Trademark applications by residents, the country is again below average at 111055.78, ranking 51 out of 129 countries.

Costa Rica's output of Scientific and technical journal articles is notably lower than the average of 15103.76, ranking 89 out of 192 countries.

Regarding Charges for the use of intellectual property, Costa Rica's payments are significantly below the average of 3218843494.39, ranked 44 out of 143 countries. Conversely, the receipts for intellectual property use are also below average at 3191687117.58, placing the country at rank 71 out of 122 countries.

Costa Rica's number of Researchers in R&D per million people is below the average of 2556.45, ranking 61 out of 72 countries.

Summary

Costa Rica lags behind global averages in various key macroeconomic indicators related to industrial design, patent applications, trademark applications, scientific publications, intellectual property charges, intellectual property receipts, and the number of researchers in R&D. These statistics suggest a relative weakness in Costa Rica's innovation and research capabilities compared to other countries, potentially impacting its competitiveness, economic growth, and ability to attract foreign investments and talent.

Broad Economy Attributes

GDP (current US$): Costa Rica's GDP is 62395610760.3912, which is below the average of 442870224838.6818. Costa Rica ranks 74 out of 189 countries in this attribute.

GDP, PPP (current international $): Costa Rica's GDP, PPP is 111257819416.317, falling below the average of 734141122350.7834. It ranks 83 out of 181 countries.

GDP per capita (current US$): With a GDP per capita of 12179.2566735195, Costa Rica is below the average of 15462.110490032519. It holds the 61st position out of 190 countries.

GDP per capita, PPP (current international $): Costa Rica's GDP per capita, PPP stands at 21716.8727590625, slightly above the average of 21251.891197051147. It ranks 59 out of 181 countries.

GNI (current US$): Costa Rica's GNI is 58761610760.3912, lower than the average of 452040815370.6972. It holds the 75th position out of 185 countries.

GNI, PPP (current international $): With a GNI, PPP of 104778022026.217, Costa Rica is below the average of 730698223823.4666. It ranks 85 out of 181 countries.

GNI per capita, PPP (current international $): Costa Rica's GNI per capita, PPP is 20450, slightly below the average of 20615.74585635359. It ranks 61 out of 181 countries in this attribute.

Summary

Costa Rica's key macroeconomic indicators, including GDP, GDP per capita, and GNI, consistently fall below the global averages across various measurements such as current US dollars and PPP. These rankings signify that while Costa Rica has made progress in its economic development, there is still room for improvement to reach the levels seen in more economically prosperous countries. It is important to closely monitor these indicators as they reflect the country's overall economic health, development trajectory, and potential for future growth and prosperity.

Broad Value Added

Costa Rica's Gross value added at basic prices (GVA) is $57,993,278,445.46, which is below the average of $360,070,943,595.12, ranking 68th out of 176 countries.

The country's Agriculture, forestry, and fishing value added (% of GDP) is 4.34%, lower than the average of 10.86%, placing it at 115th out of 182 countries.

Costa Rica's Agriculture, forestry, and fishing value added in current US dollars is $2,710,606,071.18, falling below the average of $19,924,732,828.07, ranking 101st out of 182 countries.

In terms of Services value added (% of GDP), Costa Rica performs well at 68.23%, above the average of 56.72%, and ranks 30th out of 183 countries.

However, in Services value added in current US dollars, Costa Rica's $42,574,027,263.13 is below the average of $295,837,711,130.69, placing it 69th out of 183 countries.

Costa Rica's Industry (including construction) value added in current US dollars is $12,708,645,109.95, significantly below the average of $118,421,095,413.50, ranking 84th out of 183 countries.

Summary

Costa Rica's economy shows a mixed performance in key macroeconomic indicators. While it excels in services value added as a percentage of GDP, the country lags behind in agriculture, forestry, and fishing sectors. The lower contributions of agriculture and industry to the GDP, coupled with weaker performance in these sectors in comparison to the global average, highlight the need for diversification and strengthening of these segments to ensure a more balanced and sustainable economic growth trajectory for Costa Rica.

Manufacturing Value Added

Manufacturing, value added (current US$): Costa Rica's value of 7980926786.81 is below the average of 76207179589.66. It ranks 69 out of 173 countries.

Manufacturing, value added (% of GDP): Costa Rica's value of 12.79% is above the average of 11.90%. It ranks 73 out of 173 countries.

Medium and high-tech manufacturing value added (% manufacturing value added): Costa Rica's value of 14.16% is below the average of 24.49%. It ranks 100 out of 149 countries.

Chemicals (% of value added in manufacturing): Costa Rica's value of 7.22% is below the average of 11.56%. It ranks 61 out of 89 countries.

Food, beverages and tobacco (% of value added in manufacturing): Costa Rica's value of 37.80% is above the average of 24.51%. It ranks 16 out of 92 countries.

Machinery and transport equipment (% of value added in manufacturing): Costa Rica's value of 4.44% is below the average of 16.85%. It ranks 71 out of 93 countries.

Textiles and clothing (% of value added in manufacturing): Costa Rica's value of 2.34% is below the average of 6.33%. It ranks 57 out of 93 countries.

Other manufacturing (% of value added in manufacturing): Costa Rica's value of 48.19% is above the average of 42.13%. It ranks 27 out of 94 countries.

Summary

Costa Rica's manufacturing sector plays a significant role in its economy, with a relatively low overall value added but a higher percentage contribution to GDP compared to the global average. The country excels in industries such as food, beverages, and tobacco, while lagging in sectors like medium and high-tech manufacturing and machinery. These indicators are crucial as they reflect Costa Rica's economic diversification, competitiveness, and potential for growth and innovation in different manufacturing subsectors.

Money

Costa Rica has a consumer price inflation rate of 0.72%, which is significantly below the global average of 8.26%. This places Costa Rica at rank 113 out of 165 countries in terms of inflation.

The country's GDP deflator inflation stands at 0.77%, also below the average of 6.90%. Costa Rica ranks 128 out of 188 countries in this aspect.

Costa Rica experiences a broad money growth rate of 17.78%, slightly below the average of 18.03%. This places Costa Rica at rank 39 out of 139 countries.

With broad money amounting to 54.87% of its GDP, Costa Rica falls below the average of 71.75%. The country ranks 83 out of 139 countries in this metric.

Costa Rica's broad money to total reserves ratio is 4.73, lower than the average of 5.17. This places Costa Rica at rank 28 out of 126 countries.

Summary

Costa Rica demonstrates a stable macroeconomic environment with below-average consumer price inflation, GDP deflator inflation, and broad money growth rate. However, it lags in terms of broad money as a percentage of GDP and the broad money to total reserves ratio compared to global averages. These indicators are crucial as they reflect the country's monetary policy effectiveness, economic stability, and foreign exchange reserve adequacy, which are vital for sustainable economic growth and resilience to external shocks.

Consumption Expenditure

Costa Rica's final consumption expenditure in current US dollars is $50,018,715,247.05, which is significantly below the average of $381,630,252,515.38. Costa Rica ranks 69th out of 159 countries in this category.

Final consumption expenditure as a percentage of GDP in Costa Rica is 80.16%, slightly below the average of 82.37%. Costa Rica ranks 79th out of 159 countries in this metric.

In terms of general government final consumption expenditure in current US dollars, Costa Rica spends $11,046,975,708.05, well below the average of $93,676,578,238.03. Costa Rica holds the 67th position out of 158 countries.

Costa Rica's general government final consumption expenditure as a percentage of GDP is 17.70%, slightly under the average of 18.71%. The country ranks 77th out of 158 countries.

For household and NPISHs final consumption expenditure in current US dollars, Costa Rica's expenditure is $38,971,739,538.66, notably lower than the average of $290,127,571,157.69. Costa Rica is ranked 67th out of 158 countries.

Lastly, household and NPISHs final consumption expenditure as a percentage of GDP stands at 62.46% in Costa Rica, slightly below the average of 63.68%. The country ranks 80th out of 158 countries in this regard.

Summary

Costa Rica's final consumption expenditure figures, both in absolute terms and as a percentage of GDP, consistently fall below global averages. Despite ranking within the top 80 out of 159-158 countries in these categories, the country displays a pattern of relatively lower consumption compared to its global counterparts. These findings are crucial as they indicate potential areas for improvement in domestic spending, economic growth stimulation, and competitiveness on the global stage.

Equities

Costa Rica's total listed domestic companies are significantly lower than the average of 636.625, ranking 70th out of 72 countries. The country's stocks traded total value is also notably below average, standing at $30,280,000, compared to the average of $1,379,501,820.91, and earning a rank of 64 out of 71 countries. Additionally, Costa Rica's market capitalization of listed domestic companies, both in current US dollars and as a percentage of GDP, falls well below the respective averages, ranking 70th out of 73 countries and 72nd out of 73 countries, respectively.

Summary

Costa Rica's performance in key macroeconomic indicators such as total listed domestic companies, stocks traded total value, and market capitalization of listed domestic companies is significantly below the global average and ranks poorly compared to other countries. These findings are important as they suggest limited depth and activity in Costa Rica's stock market, potentially indicating lower investor confidence, restricted access to capital, and limited economic development opportunities compared to other nations.

Investment

Costa Rica's net Foreign direct investment (FDI) is -1644265639.48 USD, below the average of -1615235980.51 USD. With a rank of 125 out of 169 countries, the country is lagging behind in attracting FDI.

Costa Rica's net inflows FDI stand at 2103003648.98 USD, well below the average of 5749271080.15 USD. Ranked 49 out of 182 countries, Costa Rica has significant room for improvement in attracting FDI.

Foreign direct investment as a percentage of GDP in Costa Rica is 3.37%, higher than the average of 2.61%. With a rank of 56 out of 178 countries, Costa Rica is performing relatively well in this aspect.

Costa Rica's net outflows of FDI amount to 458738009.50 USD, significantly lower than the average of 5707991116.07 USD. The country ranks 50 out of 156 countries in this metric, indicating a conservative approach towards outward investments.

Costa Rica's net FDI outflows as a percentage of GDP are 0.74%, lower than the average of 1.00%. Ranked 44 out of 155 countries, Costa Rica shows prudent financial behavior concerning FDI outflows.

The country's Portfolio Investment stands at 1777204054.24 USD, substantially higher than the average of 679559169.57 USD. Ranked 34 out of 159 countries, Costa Rica displays attractiveness to portfolio investors.

In terms of Portfolio Investment in bonds, Costa Rica stands at -617433000 USD, significantly below the average of 4134263915.25 USD. With a rank of 52 out of 59 countries, Costa Rica has limited activity in this investment category.

Costa Rica's Portfolio equity net inflows are 56534398.92 USD, way lower than the average of 9197145994.70 USD. With a rank of 35 out of 125 countries, Costa Rica has a relatively low influx of equity investments.

Summary

Costa Rica is struggling to attract Foreign Direct Investment (FDI) with net FDI below average and a ranking that indicates a lag behind other countries. However, the country fares relatively well in terms of FDI as a percentage of GDP, showcasing a prudent approach to outward investments. Despite attracting substantial Portfolio Investment, particularly in equity, Costa Rica's activity in Portfolio Investment bonds is limited, indicating potential room for growth in this area.

These findings are important as they provide insights into Costa Rica's economic attractiveness to foreign investors. By understanding the country's performance in FDI and Portfolio Investment categories, policymakers can identify areas for improvement to enhance Costa Rica's investment climate and promote economic growth.

Debt

The Total debt service (% of GNI) for Costa Rica is 5.11%, slightly below the average of 5.98%. This places Costa Rica at rank 50 out of 120 countries.

Costa Rica's Public and publicly guaranteed debt service (% of GNI) is 2.76%, slightly below the average of 2.84%. This positions Costa Rica at rank 49 out of 120 countries.

Costa Rica's External debt stocks (% of GNI) stand at 53.21%, below the average of 65.42%. This places Costa Rica at rank 60 out of 120 countries.

The Debt service on external debt, total (TDS, current US$) for Costa Rica is $3,000,411,5.5, significantly below the average of $9,811,195,839.23. Costa Rica's rank is 38 out of 123 countries.

The Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) for Costa Rica is $1,621,2510.7, below the average of $3,310,612,057.60. Costa Rica ranks 36 out of 123 countries.

Costa Rica's External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) amount to $12,576,716,219, well below the average of $28,695,879,144.98. Costa Rica's rank is 47 out of 123 countries.

Costa Rica's External debt stocks, private nonguaranteed (PNG) (DOD, current US$) stand at $13,993,528,000, significantly below the average of $33,734,699,285.22. This places Costa Rica at rank 27 out of 91 countries.

Costa Rica's External debt stocks, total (DOD, current US$) amount to $31,269,331,814.70, significantly below the average of $73,845,530,111.82. Costa Rica's rank is 40 out of 123 countries.

Summary

Costa Rica's debt service indicators reveal a relatively healthy position with percentages below global averages and ranks within the top 50 out of the listed countries in most categories. The country's prudent management of debt service, both internal and external, signifies a stable economic environment and responsible fiscal policies, essential for sustaining investor confidence and promoting long-term economic growth.

Broad Trade Attributes

Analysis of macroeconomic indicators for Costa Rica:

- Trade (% of GDP): The country's trade as a percentage of GDP is below the average with a value of 60.14%. Costa Rica ranks 98 out of 163 countries in this indicator.
- Merchandise trade (% of GDP): Costa Rica's merchandise trade as a percentage of GDP is also below the average at 43.69%. The country ranks 117 out of 186 countries.
- Trade in services (% of GDP): Costa Rica's trade in services as a percentage of GDP is below average at 18.21%. The country ranks 73 out of 171 countries.
- External balance on goods and services (current US$): The country's external balance on goods and services is below the average with a value of $2,291,858,834.77 USD. Costa Rica ranks 42 out of 163 countries.
- External balance on goods and services (% of GDP): Costa Rica has a positive external balance on goods and services at 3.67% of GDP, which is above the average. The country ranks 37 out of 163 countries.

Summary

Costa Rica's trade indicators reveal a mixed picture - while its trade and merchandise trade as a percentage of GDP are below average, its trade in services is slightly higher than the average. The country also maintains a positive external balance on goods and services, which is higher than the global average, indicating a certain level of economic competitiveness and resilience. These indicators are essential as they provide insights into Costa Rica's integration into the global economy, its export competitiveness, and its ability to maintain a sustainable balance in its trade relations with other countries.

Net Trade

Costa Rica's current account balance is -631,661,878.26 USD, which is significantly below the average of 1,443,864,831.49 USD, ranking 106 out of 170 countries in the dataset.

In terms of current account balance as a percentage of GDP, Costa Rica's value of -1.01% is lower than the average of -2.36%, positioning it at rank 78 out of 170 countries.

Costa Rica's net trade in goods and services stands at 2,476,879,154.26 USD, slightly below the average of 2,604,730,003.57 USD, placing it at rank 43 out of 171 countries.

The country's net primary income is -3,634,359,043.13 USD, substantially below the average of -903,807,529.74 USD, ranking 135 out of 170 countries.

Costa Rica's net secondary income is 525,818,010.62 USD, significantly above the average of -269,227,340.40 USD, positioning it at rank 77 out of 170 countries.

Regarding net trade in goods, Costa Rica's value of -2,018,318,132.30 USD is notably lower than the average of 1,302,831,005.68 USD, placing it at rank 119 out of 171 countries.

The country's net capital account is 17,603,833.73 USD, considerably below the average of 136,543,824.05 USD, ranking 98 out of 159 countries.

Costa Rica's net financial account stands at -271,737,488.97 USD, above the average of -469,840,994.63 USD, positioning it at rank 92 out of 170 countries.

Summary

Costa Rica's current account balance, net trade in goods and services, and net secondary income are generally in line with global averages, with some areas performing slightly below average. However, the country's net primary income shows a significant deficit compared to the average. This imbalance could indicate a reliance on foreign investments or debt, which may have implications for Costa Rica's long-term economic stability and sovereignty.

Broad Export Attributes

Costa Rica's Exports of goods, services, and primary income amount to $20,343,957,890.43, which is below the average of $146,238,908,936.30, ranking 76th out of 170 countries. The country performs similarly in terms of Exports of goods and services, with $19,995,401,147.95, also below the average of $122,938,540,059.78, ranking 75th.

Costa Rica's Exports of goods and services (current US$) are $19,908,254,085.22, falling short of the average of $129,596,864,610.19, with a rank of 73 out of 163 countries. Moreover, the country's Exports of goods and services (% of GDP) stand at 31.91%, lower than the average of 38.19%, ranking 73rd among 163 countries.

Costa Rica's Goods exports amount to $12,066,682,924.67, below the average of $93,310,581,697.39, ranking 77th out of 171 countries. For International tourism receipts (% of total exports), Costa Rica's value is 7.40%, slightly below the average of 9.74%, placing the country 41st out of 120 countries.

Lastly, Costa Rica's ICT goods exports (% of total goods exports) are quite low at 0.71%, significantly below the average of 3.81%, ranking 73rd out of 142 countries included in the data.

Summary

Costa Rica's performance in terms of exports of goods, services, and primary income falls below global averages, ranking 76th in terms of total exports and 75th in exports of goods and services. Additionally, the country's exports of goods and services as a percentage of GDP are lower than the average, ranking 73rd globally, with goods exports and international tourism receipts also below average.

These statistics are important as they highlight Costa Rica's position in the global market and its competitiveness in key export sectors. They suggest areas where the country may need to focus on to enhance its export performance and potentially boost economic growth and development.

Merchandise Exports

Costa Rica's merchandise exports amount to $12,319,000,000, ranking 81 out of 187 countries. This is below the average of $89,542,711,229.95.

The country's agricultural raw materials exports account for 1.59% of merchandise exports, below the average of 2.97%. Costa Rica ranks 61 out of 151 countries in this aspect.

With food exports making up 39.80% of merchandise exports, Costa Rica surpasses the average of 24.06%. It ranks 31 out of 152 countries.

Costa Rica's fuel exports represent a mere 0.02% of merchandise exports, significantly lower than the 13.70% average. The country ranks 136 out of 147 countries.

Ores and metals exports constitute 1.42% of merchandise exports for Costa Rica, falling below the average of 9.10%. The country ranks 110 out of 152 countries in this category.

Merchandise exports by the reporting economy residual stand at 0.05% of total merchandise exports for Costa Rica, well below the average of 3.20%. The country ranks 114 out of 166 countries.

Summary

Costa Rica's merchandise exports are below the global average, with a particular reliance on food exports to drive its trade. However, the country lags behind in other key export categories such as agricultural raw materials and ores/metals. This signifies a potential vulnerability in its export sector, highlighting the need for diversification to reduce dependency on a few key sectors and enhance overall trade resilience.

Technology Exports

Costa Rica's Manufactures exports account for 56.99% of its merchandise exports, which is above the global average of 42.62%. Costa Rica ranks 58th out of 152 countries included in this data.

Costa Rica's High-technology exports amount to $1,038,666,156, below the average of $16,655,934,078.80. The country ranks 51st out of 151 countries in this category.

The country's High-technology exports as a percentage of manufactured exports stand at 15.68%, surpassing the global average of 10.15%. Costa Rica is ranked 31st out of 150 countries.

Costa Rica's Medium and high-tech exports represent 56.85% of its manufactured exports, significantly higher than the average of 34.29%. The country holds the 37th position out of 149 countries included in this analysis.

Summary

Costa Rica boasts a strong emphasis on high-tech exports, with figures well above global averages. Its high-technology exports as a percentage of manufactured exports are notably high, showcasing a robust technology sector. This emphasis on advanced technology not only signifies the country's strong position in the global marketplace but also points towards Costa Rica's focus on innovation and economic diversification for sustained growth and competitiveness.

Service Exports

Costa Rica's Service exports amount to $7,928,718,223.28, ranking 57 out of 171 countries in the dataset, below the average of $28,917,292,503.82.

ICT service exports for Costa Rica stand at $1,364,874,591.45, ranking 47 out of 166 countries, below the average of $4,578,501,153.77.

Costa Rica's ICT service exports (% of service exports) are 17.21%, ranking 34 out of 166 countries, above the average of 11.75%.

Communications, computer, etc. (% of service exports) for Costa Rica is 75.76%, ranking 18 out of 169 countries, above the average of 45.85%.

Transport services (% of service exports) in Costa Rica are at 6.33%, ranking 137 out of 169 countries, below the average of 21.80%.

Costa Rica's Travel services (% of service exports) stand at 16.75%, ranking 94 out of 167 countries, below the average of 26.40%.

Insurance and financial services (% of service exports) for Costa Rica amount to 1.15%, ranking 133 out of 161 countries, below the average of 6.46%.

Summary

Costa Rica's service exports, particularly in ICT services, communications, and computer services, play a significant role in its economy. However, the country lags behind the global average in most service export categories, indicating potential room for growth and improvement in diversifying its service export portfolio. Enhancing the competitiveness of its transport, travel, and financial services sectors could help Costa Rica boost its overall service export performance and strengthen its position in the global market.

Commercial Service Exports

- Commercial service exports (current US$): Costa Rica's value of $7,903,707,223.28 is below the average of $28,508,218,402.80, ranking 57th out of 171 countries.

- Travel services (% of commercial service exports): Costa Rica's value of 16.81% is below the average of 27.89%, ranking 96th out of 167 countries.

- Computer, communications and other services (% of commercial service exports): Costa Rica's value of 75.68% is above the average of 42.44%, ranking 13th out of 169 countries.

- Insurance and financial services (% of commercial service exports): Costa Rica's value of 1.16% is below the average of 6.97%, ranking 133rd out of 161 countries.

- Transport services (% of commercial service exports): Costa Rica's value of 6.35% is below the average of 23.37%, ranking 141st out of 169 countries.

Summary

Costa Rica's commercial service exports value is significantly below the global average, ranking 57th out of 171 countries. The country performs particularly well in the export of computer, communications, and other services, ranking 13th globally. However, it lags behind in travel services, insurance and financial services, and transport services. These indicators are crucial as they reveal the composition of Costa Rica's exports and highlight areas for potential growth and improvement in the country's service sector competitiveness on the global stage.

Broad Import Attributes

Costa Rica's Imports of goods and services (current US$) amount to $17,616,395,250.44, ranking 80 out of 163 countries. This value is below the average of $126,191,355,599.06.

Imports of goods and services (% of GDP) in Costa Rica is 28.23%, ranking 117 out of 163 countries. This percentage is below the average of 44.15%.

Costa Rica's International tourism expenditures (% of total imports) stand at 3.98%, ranking 41 out of 131 countries. This value is slightly below the average of 3.98%.

The country's ICT goods imports (% total goods imports) is 8.10%, ranking 38 out of 143 countries. This percentage is higher than the average of 6.85%.

Costa Rica's Goods imports (BoP, current US$) are $14,085,001,056.97, ranking 78 out of 171 countries. This amount is below the average of $92,007,788,027.17.

Imports of goods and services (BoP, current US$) in Costa Rica total $17,518,521,993.69, ranking 81 out of 170 countries. This value is below the average of $120,321,577,988.12.

Imports of goods, services, and primary income (BoP, current US$) for Costa Rica amount to $21,501,437,779.30, ranking 77 out of 170 countries. This value is significantly below the average of $144,514,428,722.28.

Summary

In summary, Costa Rica's import numbers across different categories such as goods and services, ICT goods, and international tourism expenditures all rank below global averages. This indicates a potential imbalance in the country's trade relationships and the need for strategies to diversify and strengthen its import portfolio. These statistics are crucial as they highlight areas where Costa Rica may need to enhance competitiveness, boost local industries, or attract more foreign investment to improve its trade dynamics and overall economic resilience.

Merchandise Imports

Costa Rica's merchandise imports amount to $14,942,000,000, ranking 80 out of 190 countries. This value is significantly below the average of $89,385,605,263.16.

Manufactures imports account for 76.26% of Costa Rica's merchandise imports, ranking 28 out of 152 countries. This percentage is above the average of 66.76%.

Agricultural raw materials imports represent 1.05% of Costa Rica's merchandise imports, ranking 88 out of 152 countries. This figure is below the average of 1.27%.

Food imports constitute 14.75% of Costa Rica's merchandise imports, ranking 72 out of 152 countries. This percentage is slightly below the average of 15.89%.

Fuel imports make up 6.31% of Costa Rica's merchandise imports, placing it at rank 114 out of 152 countries. This value is notably below the average of 11.38%.

Ores and metals imports contribute 1.62% to Costa Rica's merchandise imports, ranking 78 out of 152 countries. This percentage is below the average of 2.57%.

The residual category, merchandise imports by the reporting economy, represents 2.03% of Costa Rica's total merchandise imports, placing it at rank 42 out of 180 countries. This figure is below the average of 2.51%.

Summary

Costa Rica's import profile is characterized by a significant reliance on manufactured goods, which account for a high percentage of its total merchandise imports. On the other hand, the country's imports of agricultural raw materials, food, fuel, ores, and metals are comparatively lower than the global average. These statistics are vital as they highlight Costa Rica's industrialized import structure and its limited dependency on raw materials and fuels for consumption and production.

Service Imports

For Service imports (BoP, current US$), Costa Rica's value is $3,433,520,936.73, which is significantly below the average of $27,615,356,170.47. Costa Rica ranks 78 out of 171 countries in this attribute.

Communications, computer, etc. (% of service imports, BoP) in Costa Rica is 54.35%, higher than the average of 44.40%. The country ranks 53 out of 169 countries for this attribute.

Transport services (% of service imports, BoP) represent 23.58% in Costa Rica, below the average of 32.90%. The country is ranked 109 out of 169 countries.

Travel services (% of service imports, BoP) make up 7.09% in Costa Rica, which is lower than the average of 14.14%. The country ranks 120 out of 169 countries.

Insurance and financial services (% of service imports, BoP) comprise 14.98% in Costa Rica, surpassing the average of 8.53%. The country is positioned at rank 26 out of 169 countries.

Summary

Costa Rica has a below-average value for service imports, ranking 78 out of 171 countries. The country shows strengths in high percentages of communications, computer, insurance, and financial services compared to the global average, indicating a specialized service sector. However, there is room for improvement in the transport and travel services sectors. These indicators are important as they highlight Costa Rica's competitive edge in specific service areas and areas for potential growth and investment.

Commercial Service Imports

Costa Rica's commercial service imports amount to $3,411,532,936.73. This places Costa Rica at rank 77 out of 171 countries in this category, with a value significantly below the attribute average of $27,102,746,128.60.

In terms of Computer, communications, and other services as a percentage of commercial service imports, Costa Rica stands at 54.06%, above the average of 41.71%. This places Costa Rica at rank 53 out of 169 countries.

Costa Rica's Insurance and financial services as a percentage of commercial service imports stands at 15.08%, notably higher than the average of 8.85%. This places Costa Rica at rank 27 out of 169 countries.

For Transport services as a percentage of commercial service imports, Costa Rica is at 23.73%, below the average of 34.71%. This places Costa Rica at rank 114 out of 169 countries.

Costa Rica's Travel services as a percentage of commercial service imports is 7.13%, below the average of 14.73%. This places Costa Rica at rank 121 out of 169 countries.

Summary

Costa Rica's commercial service imports are relatively low compared to the global average, ranking 77th out of 171 countries. However, the country excels in Computer, communications, and other services, as well as Insurance and financial services as a percentage of commercial service imports, ranking 53rd and 27th respectively. On the other hand, for Transport and Travel services, Costa Rica lags behind significantly, ranking 114th and 121st respectively. These indicators are crucial as they highlight Costa Rica's strengths and weaknesses in key service sectors, providing insights into the country's economic structure and potential areas for improvement.

Infrastructure

Costa Rica's Air transport, freight (million ton-km) is significantly below the average of 1384.37 million ton-km, ranking at 100 out of 126 countries. The country's Air transport, registered carrier departures worldwide is also below the average of 134365.61 departures, ranking at 76 out of 149 countries. In terms of Air transport, passengers carried, Costa Rica's value is notably lower than the average of 11848242.70 passengers, with a rank of 89 out of 149 countries. Furthermore, Costa Rica's Container port traffic (TEU: 20 foot equivalent units) is below the average of 6907110.27 TEUs, ranking at 53 out of 110 countries.

Summary

Costa Rica's air transport and maritime activities fall below global averages in key indicators such as freight transport, carrier departures, passengers carried, and container port traffic. These shortcomings could signify challenges in international connectivity, trade competitiveness, and economic development for Costa Rica, emphasizing the need for targeted investments in transport infrastructure and logistics to enhance connectivity and facilitate trade growth.

Information Technology Infrastructure

Costa Rica has 6722 secure internet servers, which is below the attribute average of 458,294.19. The country is ranked 75th out of 193 countries in this aspect.

With 1312.09 secure internet servers per 1 million people, Costa Rica falls below the attribute average of 14,067.17. The country ranks 75th out of 193 countries in this metric.

80.53% of Costa Rica's population uses the internet, which is above the attribute average of 64.77%. Costa Rica ranks 62nd out of 180 countries in this indicator.

Costa Rica has 992,725 fixed broadband subscriptions, below the attribute average of 6,591,956.35. The country is ranked 72nd out of 185 countries in fixed broadband subscriptions.

With 7,512,370 mobile cellular subscriptions, Costa Rica is below the attribute average of 42,526,463.87. The country ranks 99th out of 193 countries in mobile cellular subscriptions.

Summary

Costa Rica lags behind the global average in terms of secure internet servers, secure internet servers per capita, and fixed broadband subscriptions. Despite having a relatively high internet usage rate compared to the global average, the country still falls below in terms of infrastructure in these key areas. This could hinder economic growth and development as access to secure internet servers and broadband services is crucial for technological advancement, business efficiency, and overall connectivity in the digital age.

Energy Consumption

Costa Rica's renewable energy consumption accounts for 36.43% of its total final energy consumption, which is higher than the global average of 32.18%. The country ranks 69th out of 191 countries in this attribute, indicating a strong focus on renewable energy compared to other nations.

In terms of CO2 emissions, Costa Rica produces 6967.4 kt, significantly below the global average of 171895.94 kt. This places Costa Rica at 116th out of 188 countries, showcasing its commitment to environmental sustainability relative to its peers.

Summary

Costa Rica demonstrates a commendable commitment to renewable energy, with 36.43% of its total final energy consumption coming from renewable sources, surpassing the global average. Additionally, the country's low CO2 emissions of 6967.4 kt reflect its dedication to environmental sustainability, positioning Costa Rica favorably compared to other nations.

These statistics are crucial as they highlight Costa Rica's proactive approach towards sustainable energy practices and environmental preservation. By prioritizing renewable energy and keeping CO2 emissions low, Costa Rica sets a positive example for global efforts in combating climate change and promoting eco-friendly policies.

Government Balance Sheet

Costa Rica's total reserves account for 23.13% of its total external debt, falling below the average of 66.13%. With a rank of 70 out of 102 countries, Costa Rica's position indicates room for improvement in this area.

Regarding reserves and related items in BoP valued at -2797671461.53 USD, Costa Rica is below the average of 1924407186.58 USD. This places Costa Rica at a rank of 152 out of 171 countries, showcasing a significant deficit compared to its peers.

Costa Rica's total reserves minus gold are valued at 7231533677.41 USD, significantly lower than the average of 74221588171.61 USD. With a rank of 78 out of 161 countries, Costa Rica shows a considerable deviation from the norm in this aspect.

With total reserves inclusive of gold at 7231533677.41 USD, Costa Rica falls short of the average of 85708019773.47 USD. Ranked 84 out of 161 countries, Costa Rica's gold inclusive reserves are notably lower compared to other nations.

Costa Rica's total reserves in months of imports stand at 4.04, below the average of 7.10 months. Positioned at rank 102 out of 151 countries, Costa Rica's reserves cover fewer months of imports compared to the average.

Summary

Costa Rica's total reserves fall below average in key indicators such as reserves vs. external debt, reserves in BoP, reserves minus gold, reserves inclusive of gold, and reserves in months of imports. These statistics highlight Costa Rica's vulnerability in terms of its financial stability and ability to cover external obligations. Addressing these deficiencies is crucial for Costa Rica to strengthen its economic resilience and maintain stability in the face of international financial challenges.

Government Revenue

Costa Rica's revenue, excluding grants (% of GDP) is 23.61%, which is below the average of 27.02%. This places Costa Rica at rank 70 out of 122 countries included in the data.

Grants and other revenue (% of revenue) in Costa Rica account for 14.39%, lower than the average of 23.54%. Costa Rica ranks 68 out of 108 countries in this aspect.

Social contributions (% of revenue) make up 35.69% in Costa Rica, surpassing the average of 22.29%. This places Costa Rica at a high rank of 14 out of 81 countries.

Costa Rica's taxes on goods and services (% of revenue) stand at 27.20%, below the average of 31.82%. The country ranks 86 out of 122 countries.

For taxes on international trade (% of revenue), Costa Rica's value is 4.10%, lower than the average of 6.24%. This ranks Costa Rica at 47 out of 101 countries.

Other taxes (% of revenue) in Costa Rica constitute 2.23%, slightly above the average of 2.12%. Costa Rica ranks 33 out of 106 countries in this category.

Finally, taxes on income, profits, and capital gains (% of revenue) in Costa Rica make up 16.40%, below the average of 24.66%. Costa Rica is ranked 89 out of 119 countries for this attribute.

Summary

Costa Rica performs below the global average in terms of revenue sources, with lower percentages in grants, taxes on goods and services, taxes on international trade, and taxes on income compared to the average values. However, the country excels in generating revenue from social contributions, surpassing the global average significantly. These indicators are crucial as they reflect Costa Rica's financial health, government policies, and ability to fund social programs and public services efficiently.

Taxes

Costa Rica's tax revenue accounts for 12.28% of its GDP, which is below the average of 16.72% and ranks 92 out of 123 countries.

The country's taxes on exports are 0.12% of its tax revenue, significantly below the average of 2.54%. Costa Rica ranks 18 out of 36 countries in this aspect.

Customs and other import duties in Costa Rica represent 3.35% of its tax revenue, lower than the average of 9.01%. The country ranks 67 out of 99 countries in this category.

Costa Rica's taxes on income, profits, and capital gains stand at 32.85% of total taxes, below the average of 38.40%. It ranks 75 out of 120 countries in this area.

The applied weighted mean tariff rate for all products in Costa Rica is 1.51%, below the average of 5.21%. The country ranks 109 out of 153 countries in this aspect.

Summary

Costa Rica's tax revenue as a percentage of GDP is below the global average, indicating potential challenges in funding public services and infrastructure. The country's low taxes on exports and income, profits, and capital gains suggest a less burdensome tax environment for businesses and individuals. However, the relatively low customs duties could impact government revenue streams and potentially hinder domestic industry protection and trade policy effectiveness. Overall, these indicators provide insights into Costa Rica's fiscal policy efficiency, competitiveness, and economic sustainability.

Government Expenses

Costa Rica's Expense (% of GDP) stands at 32.25%, slightly above the average of 31.69%. This places Costa Rica at rank 58 out of 123 countries in the dataset.

For Compensation of employees (% of expense), Costa Rica spends 38.50%, notably higher than the average of 24.70%. This puts Costa Rica at rank 21 out of 123 countries.

Costa Rica's Goods and services expense (% of expense) is 9.83%, below the average of 14.77%, positioning the country at rank 76 out of 122 countries.

Interest payments (% of expense) for Costa Rica are at 14.53%, significantly surpassing the average of 6.85%. This places Costa Rica at rank 11 out of 121 countries.

Costa Rica's Other expense (% of expense) is 8.71%, slightly above the average of 8.29%. The country ranks 39 out of 120 countries.

Subsidies and other transfers (% of expense) in Costa Rica account for 26.20%, lower than the average of 43.29%. This places Costa Rica at rank 96 out of 121 countries.

Summary

Costa Rica's expense as a percentage of GDP is slightly above average, with higher spending on compensation of employees and interest payments compared to other countries. However, its spending on goods and services is below average. The country's lower allocation towards subsidies and transfers suggests a more targeted approach to expenditure. These indicators are crucial as they reflect Costa Rica's priorities in resource allocation, indicating a focus on human capital and debt management over goods and services expenditure.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Average precipitation in depth (mm per year)	5/178
Fertilizer consumption (kilograms per hectare of arable land)	6/187
Computer, communications and other services (% of commercial service exports)	13/169
Interest payments (% of expense)	11/121

Ranks in Bottom Decile For:

Attribute	Rank/Total
Listed domestic companies, total	70/72
Stocks traded, total value (current US$)	64/71
Stocks traded, total value (% of GDP)	66/71
Market capitalization of listed domestic companies (current US$)	70/73
Market capitalization of listed domestic companies (% of GDP)	72/73
Fuel exports (% of merchandise exports)	136/147