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Economy of Costa Rica vs Estonia compared: GDP & Debt

Updated on by Georank team

Costa Rica has a GDP of $95.4B compared to $43.1B for Estonia, ranking 73/197 and 100/197 by economy size, respectively.

Costa Rica has $57B in government debt (59.8% of GDP), compared to $10.1B (23.4% of GDP) in Estonia.

Costa Rica vs Estonia GDP by year

Costa Rica
Estonia
1x
Year GDP, current $
Costa Rica Estonia
2024 $95,350,423,177 $43,130,419,829
2023 $86,497,941,439 $41,470,344,395
2022 $69,243,626,029 $38,226,641,740
2021 $64,960,725,734 $37,201,101,171
2020 $62,395,610,760 $31,820,771,494
2019 $64,417,670,521 $31,873,748,770
2018 $62,420,164,992 $31,222,632,741
2017 $60,516,044,657 $27,469,461,919
2016 $58,847,019,610 $24,561,027,788
2015 $56,441,920,821 $23,311,847,751
2014 $52,016,408,854 $27,055,689,003
2013 $50,949,668,842 $25,451,032,781
2012 $47,231,655,432 $23,237,406,116
2011 $42,762,613,699 $23,303,915,795
2010 $37,658,616,952 $19,524,355,419
2009 $30,745,714,313 $19,633,984,440
2008 $30,801,745,700 $24,342,935,404
2007 $26,884,700,709 $22,450,264,166
2006 $22,715,540,324 $17,025,671,810
2005 $20,040,642,477 $14,109,491,357
2004 $18,610,594,846 $12,148,595,031
2003 $17,271,760,507 $9,876,595,528
2002 $16,578,820,687 $7,370,119,619
2001 $15,976,174,337 $6,250,218,423
2000 $15,013,629,662 $5,686,579,748
1999 $14,254,866,285 $5,756,912,266
1998 $13,684,255,947 $5,674,080,543
1997 $12,614,602,382 $5,154,420,649
1996 $11,678,424,507 $4,786,018,988
1995 $11,578,594,260 $4,502,970,889
1994 $10,489,903,725 $4,123,011,420
1993 $9,564,815,975 $4,013,091,682
1992 $8,579,754,758 -
1991 $7,215,725,487 -
1990 $5,711,687,787 -
1989 $5,251,025,767 -
1988 $4,614,629,898 -
1987 $4,532,952,047 -
1986 $4,418,983,871 -
1985 $3,919,203,960 -
1984 $3,660,477,856 -
1983 $3,146,772,631 -
1982 $2,606,623,555 -
1981 $2,623,803,096 -
1980 $4,831,447,001 -
1979 $4,035,519,323 -
1978 $3,523,208,810 -
1977 $3,072,427,013 -
1976 $2,412,555,426 -
1975 $1,960,863,466 -
1974 $1,666,544,754 -
1973 $1,528,925,846 -
1972 $1,238,251,696 -
1971 $1,077,147,538 -
1970 $984,830,158 -
1969 $853,630,204 -
1968 $773,841,494 -
1967 $699,456,619 -
1966 $647,305,630 -
1965 $592,981,162 -
1964 $542,578,367 -
1963 $511,902,137 -
1962 $479,180,824 -
1961 $490,325,182 -
1960 $507,513,830 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/costa-rica/estonia | CC BY

GDP per capita in Costa Rica vs Estonia by year

Costa Rica
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Costa Rica Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $18,587 $31,107 $31,428 $49,969
2023 $16,942 $28,909 $30,264 $48,637
2022 $13,626 $26,226 $28,340 $48,218
2021 $12,838 $23,853 $27,951 $44,252
2020 $12,394 $22,100 $23,934 $40,672
2019 $12,885 $23,340 $24,021 $40,586
2018 $12,590 $21,498 $23,618 $37,121
2017 $12,317 $20,499 $20,852 $34,507
2016 $12,091 $19,202 $18,666 $31,948
2015 $11,715 $17,525 $17,722 $29,713
2014 $10,911 $16,394 $20,582 $29,404
2013 $10,803 $15,232 $19,310 $27,831
2012 $10,127 $14,464 $17,568 $26,243
2011 $9,276 $13,614 $17,556 $24,652
2010 $8,266 $12,928 $14,664 $21,614
2009 $6,833 $12,274 $14,712 $20,489
2008 $6,937 $12,472 $18,206 $22,804
2007 $6,138 $11,842 $16,745 $22,201
2006 $5,257 $10,800 $12,641 $19,344
2005 $4,703 $9,899 $10,415 $16,638
2004 $4,431 $9,365 $8,916 $14,538
2003 $4,173 $8,863 $7,205 $13,135
2002 $4,068 $8,461 $5,343 $11,667
2001 $3,985 $8,190 $4,503 $10,309
2000 $3,813 $7,879 $4,071 $9,425
1999 $3,691 $7,563 $4,141 $8,412
1998 $3,617 $7,306 $4,093 $8,451
1997 $3,408 $6,890 $3,683 $7,980
1996 $3,227 $6,568 $3,381 $6,892
1995 $3,275 $6,515 $3,134 $6,480
1994 $3,040 $6,276 $2,819 $5,967
1993 $2,840 $6,025 $2,686 $5,814
1992 $2,612 $5,635 - $5,872
1991 $2,253 $5,175 - $7,151
1990 $1,830 $5,021 - $7,481
1989 $1,725 - - -
1988 $1,555 - - -
1987 $1,567 - - -
1986 $1,569 - - -
1985 $1,429 - - -
1984 $1,372 - - -
1983 $1,213 - - -
1982 $1,032 - - -
1981 $1,068 - - -
1980 $2,021 - - -
1979 $1,735 - - -
1978 $1,556 - - -
1977 $1,393 - - -
1976 $1,123 - - -
1975 $937 - - -
1974 $817 - - -
1973 $769 - - -
1972 $639 - - -
1971 $570 - - -
1970 $536 - - -
1969 $477 - - -
1968 $445 - - -
1967 $414 - - -
1966 $395 - - -
1965 $374 - - -
1964 $354 - - -
1963 $346 - - -
1962 $335 - - -
1961 $356 - - -
1960 $382 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/costa-rica/estonia | CC BY

Costa Rica's GDP per capita is $18,587, ranking 62/197, compared to $31,428 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 72nd at $31,107, while Estonia ranks 45th at $49,969.

Economic indicators

Costa Rica Estonia
Gross domestic product
$95.4B
2024
$43.1B
2024
GDP rank
73/197
2024
100/197
2024
GDP growth
4.32%
2023-2024
-0.09%
2023-2024
GDP per capita
$18,587
2024
$31,428
2024
GDP per capita rank
62/197
2024
40/197
2024
GDP per capita, PPP
$31,107
2024
$49,969
2024
GDP per capita PPP rank
72/197
2024
45/197
2024
Government debt
$57B
2024
$10.1B
2024
Debt-to-GDP ratio
59.8%
2024
23.4%
2024
Government debt per person
$11,106
2024
$7,356
2024
Government debt per person rank
50/185
2024
65/185
2024
Average annual personal income after taxes
$12,150
2026
$23,740
2026
Market capitalization of domestic companies
$2.23B
2022
n/a
Number of billionaires n/a
2
2025
Income share by richest 10%
34.2%
2024
23.7%
2023
Income share by poorest 10%
1.7%
2024
3.1%
2023
Government expenditure, % of GDP
18.9%
2024
43.6%
2024
Consumer prices inflation
-0.41%
2023-2024
3.52%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
6.94%
2024
7.5%
2024
Population
5181862
1339590

Spending and national debt comparison by year

Costa Rica
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Costa Rica Estonia
Government spending Government debt Government spending Government debt
2024 18.9% 59.8% 43.6% 23.4%
2023 18.5% 61.1% 43.5% 20.1%
2022 19.2% 63% 40.1% 19.2%
2021 20.8% 67.6% 42.1% 18.4%
2020 22.3% 66.9% 44.7% 19.1%
2019 21.7% 56.4% 39.1% 9.05%
2018 18.9% 51.8% 38.8% 8.51%
2017 19.2% 47.1% 38.9% 9.43%
2016 18.8% 44.1% 38.9% 10.2%
2015 18.8% 39.8% 39.3% 10.8%
2014 18.4% 37.4% 37.6% 11.6%
2013 18.5% 35.1% 38.3% 11.4%
2012 17.3% 33.7% 39.4% 11.1%
2011 17.2% 29.5% 37.6% 7.6%
2010 18% 28.1% 40.7% 7.99%
2009 16.7% 26% 46.1% 7.98%
2008 15.2% 24% 39.5% 4.67%
2007 14.6% 27% 33.8% 3.91%
2006 15.2% 33% 33.5% 4.72%
2005 15.9% 37.3% 33.7% 4.73%
2004 17% 41% 34.1% 5.16%
2003 17.6% 40.6% 35% 5.6%
2002 18.6% 41.4% 35.9% 5.66%
2001 17.3% 39.6% 35.3% 4.93%
2000 16.9% 38.9% 36.4% 5.11%
1999 16.7% 39% 40.7% 5.93%
1998 16% 40.7% 38.9% 5.4%
1997 16.3% 30.6% 35.8% 6.03%
1996 17.3% 33.7% 38.6% 7.3%
1995 16.4% 29.1% 39.5% 8.66%
1994 17.4% 27% - -
1993 13.8% 24.4% - -
1992 13.7% 23.3% - -
1991 14% 28.4% - -
1990 18.9% 18.5% - -
1989 26.1% 19.3% - -
1988 24.5% 18.2% - -
1987 27.2% 21.2% - -
1986 26.4% 26.1% - -
1985 21.8% 22.8% - -
1984 22.8% 25.2% - -
1983 23.6% 29.8% - -
1982 18.4% 31.8% - -
1981 21% 32.3% - -
1980 25% 37.7% - -
1979 24.9% 39.5% - -
1978 23.2% 41.7% - -
1977 19.3% 27.8% - -
1976 20.1% 29.5% - -
1975 19.1% 26.1% - -
1974 18.3% 30.3% - -
1973 18.4% 32.8% - -
1972 17.2% 31.8% - -
1971 17.5% 30.4% - -
1970 14.9% 28.6% - -
1969 14.5% 26.1% - -
1968 13.8% 27.7% - -
1967 14.7% 26.7% - -
1966 14.3% 24.8% - -
1965 13.8% 24.1% - -
1964 13.5% 22.7% - -
1963 13.3% 21.8% - -
1962 14% 19.7% - -
1961 13.2% 20.3% - -
1960 12.5% 16.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/costa-rica/estonia | CC BY

In 2024, Costa Rica's government spending was $18B, accounting for 18.9% of its GDP, while Estonia spent $18.8B, or 43.6% of GDP.

Debt-to-GDP ratio is 59.8% in Costa Rica and 23.4% in Estonia, ranking 79/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Costa Rica

Estonia
1x
Year Deficit/surplus, % of GDP
Costa Rica Estonia
2024 -3.78% -1.51%
2023 -3.25% -3.13%
2022 -2.81% -1.08%
2021 -5.09% -2.57%
2020 -8.38% -5.42%
2019 -6.68% -0.11%
2018 -5.66% -1.15%
2017 -5.88% -1.07%
2016 -5.09% -0.62%
2015 -5.52% -0.24%
2014 -5.45% 0.42%
2013 -5.25% -0.66%
2012 -4.22% -0.86%
2011 -3.91% 0.09%
2010 -4.96% -1.09%
2009 -3.25% -3.43%
2008 0.18% -2.92%
2007 0.56% 2.5%
2006 -1.04% 2.71%
2005 -2.09% 1.07%
2004 -3.42% 2.29%
2003 -3.43% 1.67%
2002 -4.99% 0.29%
2001 -3.47% 0.4%
2000 -3.68% -0.11%
1999 -2.88% -3.42%
1998 -2.96% 0.65%
1997 -3.39% 2.98%
1996 -4.32% -0.93%
1995 -3.68% -0.26%
1994 -5.46% -
1993 -1.52% -
1992 -1.51% -
1991 -2.41% -
1990 -4.4% -
1989 -1.55% -
1988 0.57% -
1987 -2.57% -
1986 -4.26% -
1985 -1.06% -
1984 -0.5% -
1983 -1.84% -
1982 -0.94% -
1981 -3.14% -
1980 -7.24% -
1979 -6.6% -
1978 -4.12% -
1977 -2.63% -
1976 -2.42% -
1975 -1.13% -
1974 0.26% -
1973 -2.41% -
1972 -4.54% -
1971 -4.72% -
1970 -1.41% -
1969 -1.61% -
1968 -1.72% -
1967 -3.03% -
1966 -2.12% -
1965 -1.71% -
1964 -1.51% -
1963 -2.01% -
1962 -1.99% -
1961 -0.71% -
1960 -0.19% -
1959 0.49% -
1958 0% -
1957 0.3% -
1956 0.05% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1956–1989, retrieved 2026-02-20).

GeoRank.org/economy/costa-rica/estonia | CC BY

In 2024, Costa Rica's government deficit, the difference between spending and revenue, was $3.61B, equivalent to 3.78% of GDP. This compares to Estonia's deficit of $651M, or 1.51% of GDP.

Over the past 30 years, Costa Rica recorded a fiscal deficit in 28 of those years, while Estonia ran a deficit in 19 years. On average, Costa Rica posted an annual deficit equal to 3.93% of GDP, compared to deficit of 0.52% of GDP for Estonia.

Inflation comparison by year

Inflation
Costa Rica

Estonia
1x
Year Consumer prices inflation
Costa Rica Estonia
2024 -0.41% 3.52%
2023 0.53% 9.16%
2022 8.27% 19.4%
2021 1.73% 4.65%
2020 0.72% -0.44%
2019 2.1% 2.28%
2018 2.22% 3.44%
2017 1.63% 3.42%
2016 -0.02% 0.15%
2015 0.8% -0.49%
2014 4.52% -0.11%
2013 5.23% 2.78%
2012 4.5% 3.93%
2011 4.88% 4.98%
2010 5.66% 2.97%
2009 7.84% -0.08%
2008 13.4% 10.4%
2007 9.36% 6.6%
2006 11.5% 4.44%
2005 13.8% 4.08%
2004 12.3% 3.05%
2003 9.45% 1.33%
2002 9.17% 3.57%
2001 11.3% 5.75%
2000 11% 4.02%
1999 10% 3.3%
1998 11.7% 8.21%
1997 13.2% 10.6%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/costa-rica/estonia | CC BY

Over the past 28 years, Costa Rica has recorded an average annual inflation rate of 6.66%, compared with 4.46% in Estonia. In 2024, inflation was -0.41% in Costa Rica and 3.52% in Estonia.

Top exports between countries

Costa Rica
Export category Export value
Processed food, beverages & tobacco $903K
Raw agricultural goods $493K
Machinery & equipment $2K
Estonia
Export category Export value
Chemicals & pharma $437K
Machinery & equipment $361K
Wood & paper products $129K
Raw materials & minerals $75K
Textiles & consumer goods $15K
Processed food, beverages & tobacco $9K

Balance of trade

Costa Rica Estonia
Current account balance
-$1.25B
2024
-$543M
2024
Current account balance ranking
129/190
2024
107/190
2024
Current account balance, % of GDP
-1.31%
2024
-1.26%
2024
Goods imports
$23.1B
2024
$22.1B
2024
Goods exports
$20.6B
2024
$19B
2024
Service imports
$7.58B
2024
$10.4B
2024
Service exports
$16.3B
2024
$13.6B
2024
Imports of goods and services, % of GDP
32.8%
2024
75.4%
2024
Exports of goods and services, % of GDP
38.5%
2024
75.7%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Costa Rica Estonia
Economic freedom 69.1 78.7
Economic freedom ranking 43/197 10/197
Property rights 66 93.6
Government integrity 64.1 86.3
Judicial effectiveness 76.9 92.4
Tax burden 78.6 77.9
Government spending 89.3 46
Fiscal health 75.6 93.1
Business freedom 79.9 82.8
Labor freedom 55.9 59
Monetary freedom 78.2 73.9
Trade freedom 75 79.4
Investment freedom 50 90
Financial freedom 40 70

Economic freedom comparison by year

Costa Rica
Estonia
1x
Year Economic freedom index
Costa Rica Estonia
2026 69.1 78.7
2025 68.6 78.9
2024 67.7 77.8
2023 66.5 78.6
2022 65.4 80
2021 64.2 78.2
2020 65.8 77.7
2019 65.3 76.6
2018 65.6 78.8
2017 65 79.1
2016 67.4 77.2
2015 67.2 76.8
2014 66.9 75.9
2013 67 75.3
2012 68 73.2
2011 67.3 75.2
2010 65.9 74.7
2009 66.4 76.4
2008 64.2 77.9
2007 64 78
2006 65.9 74.9
2005 66.1 75.2
2004 66.4 77.4
2003 67 77.7
2002 67.5 77.6
2001 67.6 76.1
2000 68.4 69.9
1999 67.4 73.8
1998 65.6 72.5
1997 65.6 69.1
1996 66.4 65.4
1995 68 65.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/costa-rica/estonia | CC BY

The Economic Freedom Index for Costa Rica is 69.1, ranking 43/197, compared to 78.7 for Estonia, ranking 10/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Costa Rica Estonia
Services, % of GDP
68.8%
2024
65.7%
2024
Industry, % of GDP
19.7%
2024
20.1%
2024
Agriculture, forestry, and fishing, % of GDP
3.56%
2024
1.77%
2024
GNI, Atlas method
$80.2B
2024
$39.6B
2024
GNI per capita, PPP
$28,840
2024
$48,880
2024
Total reserves including gold
$14.2B
2024
$2.07B
2024
Total reserves ranking
70/177
2024
125/177
2024
Net foreign direct investment
-$4.96B
2024
-$285M
2024
Net inflows of foreign direct investment
$5.3B
2024
-$3.44B
2024
Net outflows of foreign direct investment
$337M
2024
-$3.72B
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
n/a
Poverty at national poverty lines
20.3%
2024
22.5%
2022
Gross capital formation, % of GDP
15.7%
2024
24.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/costa-rica/estonia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1956–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.