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Economy of Costa Rica vs Eswatini compared: GDP & Debt

Updated on by Georank team

Costa Rica has a GDP of $95.4B compared to $4.89B for Eswatini, ranking 72/197 and 162/197 by economy size, respectively.

Costa Rica has $57B in government debt (59.7% of GDP), compared to $1.82B (38.7% of GDP) in Eswatini.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Costa Rica
GDP, current $

GDP, constant 2015 $
Eswatini
GDP, current $

GDP, constant 2015 $
Year GDP
Costa Rica Eswatini
Current $ Constant $ Current $ Constant $
1960 $507,513,830 $4,791,476,273 $35,076,846 -
1961 $490,325,182 $4,881,521,363 $43,026,043 -
1962 $479,180,824 $5,147,192,861 $45,927,962 -
1963 $511,902,137 $5,502,293,756 $54,129,438 -
1964 $542,578,367 $5,703,625,343 $64,980,554 -
1965 $592,981,162 $6,170,782,350 $70,279,972 -
1966 $647,305,630 $6,600,843,859 $76,859,969 -
1967 $699,456,619 $6,973,799,849 $74,759,970 -
1968 $773,841,494 $7,564,711,134 $79,799,968 -
1969 $853,630,204 $7,980,149,936 $105,419,958 -
1970 $984,830,158 $8,578,911,307 $112,139,955 $401,852,565
1971 $1,077,147,538 $9,160,433,275 $136,462,081 $457,081,710
1972 $1,238,251,696 $9,909,577,643 $146,736,479 $481,875,167
1973 $1,528,925,846 $10,673,498,641 $221,915,128 $525,333,916
1974 $1,666,544,754 $11,265,333,466 $264,320,941 $555,506,401
1975 $1,960,863,466 $11,501,913,473 $288,299,789 $632,768,698
1976 $2,412,555,426 $12,136,538,956 $272,550,068 $619,357,559
1977 $3,072,427,013 $13,217,233,964 $304,060,076 $625,610,549
1978 $3,523,208,810 $14,045,648,796 $340,630,085 $633,913,207
1979 $4,035,519,323 $14,739,380,800 $412,093,134 $653,608,542
1980 $4,831,447,001 $14,850,205,527 $541,976,853 $734,976,610
1981 $2,623,803,096 $14,514,345,036 $570,774,825 $842,587,777
1982 $2,606,623,555 $13,456,892,436 $537,568,059 $852,467,691
1983 $3,146,772,631 $13,842,162,284 $555,336,146 $862,717,378
1984 $3,660,477,856 $14,952,872,322 $494,483,409 $915,875,910
1985 $3,919,203,960 $15,060,772,508 $360,079,419 $950,609,732
1986 $4,418,983,871 $15,894,574,653 $449,140,318 $1,067,197,054
1987 $4,532,952,047 $16,651,876,952 $584,126,092 $1,223,078,154
1988 $4,614,629,898 $17,223,393,910 $692,026,455 $1,303,432,207
1989 $5,251,025,767 $18,199,267,198 $696,921,542 $1,471,719,695
1990 $5,711,687,787 $18,845,898,693 $1,114,694,041 $1,781,045,749
1991 $7,215,725,487 $19,272,881,732 $1,156,135,718 $1,812,398,860
1992 $8,579,754,758 $21,046,199,573 $1,284,759,928 $1,870,870,590
1993 $9,564,815,975 $22,539,888,605 $1,357,189,552 $1,928,981,970
1994 $10,489,903,725 $23,558,472,567 $1,419,294,254 $1,975,290,870
1995 $11,578,594,260 $24,537,080,455 $1,698,989,464 $2,070,611,521
1996 $11,678,424,507 $24,868,443,787 $1,602,741,834 $2,150,165,529
1997 $12,614,602,382 $26,230,280,995 $1,716,714,070 $2,216,880,978
1998 $13,684,255,947 $28,107,138,541 $1,576,908,856 $2,274,609,434
1999 $14,254,866,285 $29,291,801,357 $1,547,888,496 $2,341,730,319
2000 $15,013,629,662 $30,425,018,574 $1,738,093,840 $2,382,948,839
2001 $15,976,174,337 $31,487,207,663 $1,542,477,309 $2,408,083,352
2002 $16,578,820,687 $32,563,086,628 $1,432,221,739 $2,513,559,784
2003 $17,271,760,507 $33,968,893,648 $2,197,598,466 $2,611,091,276
2004 $18,610,594,846 $35,471,881,179 $2,770,082,792 $2,705,714,981
2005 $20,040,642,477 $36,882,479,548 $3,178,112,499 $2,868,024,775
2006 $22,715,540,324 $39,584,746,492 $3,291,330,019 $3,039,881,607
2007 $26,884,700,709 $42,836,685,662 $3,469,381,231 $3,174,711,772
2008 $30,801,745,700 $44,866,362,741 $3,294,084,314 $3,200,797,233
2009 $30,745,714,313 $44,474,474,829 $3,580,428,053 $3,250,891,273
2010 $37,658,616,952 $46,858,459,461 $4,438,765,086 $3,374,222,126
2011 $42,762,613,699 $48,921,712,049 $4,820,478,680 $3,450,048,645
2012 $47,231,655,432 $51,310,359,848 $4,886,551,484 $3,636,235,032
2013 $50,949,668,842 $52,590,433,318 $4,464,726,181 $3,776,637,841
2014 $52,016,408,854 $54,453,244,251 $4,286,015,248 $3,830,866,489
2015 $56,441,920,821 $56,441,920,821 $3,909,281,650 $3,909,281,650
2016 $58,847,019,610 $58,814,921,621 $3,724,180,911 $4,092,073,634
2017 $60,516,044,657 $61,260,269,008 $4,463,673,661 $4,151,686,675
2018 $62,420,164,992 $62,862,779,083 $4,644,696,656 $4,162,339,322
2019 $64,417,670,521 $64,382,494,196 $4,616,996,145 $4,415,541,767
2020 $62,395,610,760 $61,631,202,098 $4,120,621,325 $4,289,130,011
2021 $64,960,725,734 $66,522,107,766 $4,785,708,166 $4,436,460,293
2022 $69,243,626,029 $69,549,856,033 $4,741,163,885 $4,486,130,489
2023 $86,497,941,439 $73,105,190,308 $4,604,172,127 $4,640,654,280
2024 $95,350,423,177 $76,264,229,554 $4,891,883,720 $4,763,200,252

Economic indicators

Costa Rica Eswatini
Gross domestic product
$95.4B
2024
$4.89B
2024
GDP rank
72/197
2024
162/197
2024
GDP growth
10.2%
2023-2024
6.25%
2023-2024
GDP per capita
$18,587
2024
$3,936
2024
GDP per capita rank
62/197
2024
131/197
2024
GDP per capita, PPP
$30,063
2024
$11,784
2024
Government debt
$57B
2024
$1.82B
2024
Debt-to-GDP ratio
59.7%
2025
38.7%
2025
Government debt per person
$11,106
2024
$1,465
2024
Government debt per person rank
51/185
2024
129/185
2024
Average annual personal income after taxes
$12,322
2025
$3,418
2025
Market capitalization of domestic companies
$2.23B
2022
$234M
2007
Number of billionaires n/a
1
2025
Income share by richest 10%
34.2%
2024
42.7%
2016
Income share by poorest 10%
1.7%
2024
1.4%
2016
Government expenditure, % of GDP
18.3%
2025
32.8%
2025
Consumer prices inflation
-0.41%
2023-2024
2.6%
2018-2019
Central bank interest rate
3.75%
2025
7%
2024
Unemployment rate
6.94%
2024
34.6%
2023
Population
5170484
1267161

GDP per capita in Costa Rica vs Eswatini

Costa Rica's GDP per capita is $18,587, ranking 62/197, compared to $3,936 in Eswatini, ranking 131/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 73rd at $30,063, while Eswatini ranks 125th at $11,784.

Costa Rica
GDP per capita

GDP per capita, PPP
Eswatini
GDP per capita

GDP per capita, PPP
Year Current $
Costa Rica Eswatini
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $382 - $101.6 -
1961 $356 - $121.8 -
1962 $335 - $127.1 -
1963 $346 - $146.4 -
1964 $354 - $171.6 -
1965 $374 - $181 -
1966 $395 - $192.7 -
1967 $414 - $182.8 -
1968 $445 - $190.4 -
1969 $477 - $245.2 -
1970 $536 - $254.2 -
1971 $570 - $301 -
1972 $639 - $315 -
1973 $769 - $463 -
1974 $817 - $536 -
1975 $937 - $568 -
1976 $1,123 - $521 -
1977 $1,393 - $563 -
1978 $1,556 - $610 -
1979 $1,735 - $714 -
1980 $2,021 - $908 -
1981 $1,068 - $925 -
1982 $1,032 - $843 -
1983 $1,213 - $843 -
1984 $1,372 - $726 -
1985 $1,429 - $510 -
1986 $1,569 - $611 -
1987 $1,567 - $765 -
1988 $1,555 - $865 -
1989 $1,725 - $832 -
1990 $1,830 $5,021 $1,278 $3,218
1991 $2,253 $5,175 $1,273 $3,252
1992 $2,612 $5,635 $1,362 $3,305
1993 $2,840 $6,025 $1,397 $3,388
1994 $3,040 $6,276 $1,461 $3,544
1995 $3,275 $6,515 $1,751 $3,796
1996 $3,227 $6,568 $1,619 $3,935
1997 $3,408 $6,890 $1,705 $4,059
1998 $3,617 $7,306 $1,547 $4,157
1999 $3,691 $7,563 $1,502 $4,294
2000 $3,813 $7,879 $1,669 $4,423
2001 $3,985 $8,190 $1,468 $4,528
2002 $4,068 $8,461 $1,352 $4,762
2003 $4,173 $8,863 $2,060 $5,010
2004 $4,431 $9,365 $2,581 $5,299
2005 $4,703 $9,899 $2,945 $5,761
2006 $5,257 $10,800 $3,035 $6,264
2007 $6,138 $11,842 $3,181 $6,680
2008 $6,937 $12,472 $3,000 $6,818
2009 $6,833 $12,274 $3,240 $6,923
2010 $8,266 $12,928 $3,993 $7,231
2011 $9,276 $13,614 $4,312 $7,504
2012 $10,127 $14,464 $4,348 $7,756
2013 $10,803 $15,232 $3,951 $8,234
2014 $10,911 $16,394 $3,772 $8,368
2015 $11,715 $17,525 $3,421 $8,393
2016 $12,091 $19,202 $3,240 $8,488
2017 $12,317 $20,499 $3,854 $8,586
2018 $12,590 $21,498 $3,973 $8,537
2019 $12,885 $23,340 $3,913 $9,248
2020 $12,394 $22,100 $3,455 $9,298
2021 $12,838 $23,853 $3,966 $9,946
2022 $13,626 $25,925 $3,890 $10,665
2023 $16,942 $28,075 $3,742 $11,322
2024 $18,587 $30,063 $3,936 $11,784

Spending and national debt comparison

In 2024, Costa Rica's government spending was $18B, accounting for 18.3% of its GDP, while Eswatini's spent $1.59B, or 32.8% of GDP.

Debt-to-GDP ratio is 59.7% in Costa Rica and 38.7% in Eswatini, ranking 83/185 and 138/185, respectively.

Costa Rica
Government spending

Government debt
Eswatini
Government spending

Government debt
Year % of GDP
Costa Rica Eswatini
Government spending Government debt Government spending Government debt
1960 12.5% 16.1% - -
1961 13.2% 20.3% - -
1962 14% 19.7% - -
1963 13.3% 21.8% - -
1964 13.5% 22.7% - -
1965 13.8% 24.1% - -
1966 14.3% 24.8% - -
1967 14.7% 26.7% - -
1968 13.8% 27.7% - -
1969 14.5% 26.1% - -
1970 14.9% 28.6% - -
1971 17.5% 30.4% - -
1972 17.2% 31.8% - -
1973 18.4% 32.8% - -
1974 18.3% 30.3% - -
1975 19.1% 26.1% - -
1976 20.1% 29.5% - -
1977 19.3% 27.8% - -
1978 23.2% 41.7% - -
1979 24.9% 39.5% - -
1980 25% 37.7% 15.3% 27.2%
1981 21% 32.3% 18.9% 24.3%
1982 18.4% 31.8% 18.1% 29.2%
1983 23.6% 29.8% 17% 28.7%
1984 22.8% 25.2% 17% 29.7%
1985 21.8% 22.8% 19% 45.5%
1986 26.4% 26.1% 18.8% 44%
1987 27.2% 21.2% 16.8% 36.1%
1988 24.5% 18.2% 16.6% 27.5%
1989 26.1% 19.3% 15.4% 26.8%
1990 18.9% 18.5% 18.2% 20.4%
1991 14% 28.4% 19.7% 20.1%
1992 13.7% 23.3% 25.2% 16.6%
1993 13.8% 24.4% 23.3% 15.2%
1994 17.4% 27% 24% 13.4%
1995 16.4% 29.1% 19.9% 12.5%
1996 17.3% 33.7% 22.6% 11.6%
1997 16.3% 30.6% 20.6% 12.6%
1998 16% 40.7% 21.8% 15.5%
1999 16.7% 39% 25.8% 16.7%
2000 16.9% 38.9% 24.6% 18.2%
2001 17.3% 39.6% 25.7% 21.8%
2002 18.6% 41.4% 26.4% 17.1%
2003 17.6% 40.6% 25.6% 17.5%
2004 17% 41% 31% 15%
2005 15.9% 37.3% 28.9% 13.5%
2006 15.2% 33% 27.4% 14.6%
2007 14.6% 27% 30.3% 16.1%
2008 15.2% 24% 33.4% 14.6%
2009 16.7% 26% 33.5% 10.5%
2010 18% 28.1% 30.7% 14.1%
2011 17.2% 29.5% 25.3% 14.7%
2012 17.3% 33.7% 27% 14.8%
2013 18.5% 35.1% 28.5% 15%
2014 18.4% 37.4% 32.2% 13.9%
2015 18.8% 39.8% 34.3% 15.8%
2016 18.8% 44.1% 34.6% 20%
2017 19.2% 47.1% 35.5% 22.2%
2018 18.9% 51.8% 35% 26.9%
2019 21.7% 56.4% 34.1% 31.5%
2020 22.3% 66.9% 34% 39.6%
2021 20.8% 67.6% 29.7% 37.9%
2022 19.2% 63% 30.5% 42.2%
2023 18.5% 61.1% 30.1% 37.9%
2024 18.9% 59.8% 32.4% 37.2%
2025 18.3% 59.7% 32.8% 38.7%

Government deficit by year

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 Eswatini's deficit of -$95M, or -1.94% of GDP.

Over the past 45 years, Costa Rica recorded a fiscal deficit in 42 of those years, while Eswatini ran a deficit in 28 years. On average, Costa Rica posted an annual deficit equal to -3.46% of GDP, compared to deficit of -1.29% of GDP for Eswatini.

Deficit/surplus
Costa Rica

Eswatini
Year Deficit/surplus, % of GDP
Costa Rica Eswatini
1956 0.05% -
1957 0.3% -
1958 0% -
1959 0.49% -
1960 -0.19% -
1961 -0.71% -
1962 -1.99% -
1963 -2.01% -
1964 -1.51% -
1965 -1.71% -
1966 -2.12% -
1967 -3.03% -
1968 -1.72% -
1969 -1.61% -
1970 -1.41% -
1971 -4.72% -
1972 -4.54% -
1973 -2.41% -
1974 0.26% -
1975 -1.13% -
1976 -2.42% -
1977 -2.63% -
1978 -4.12% -
1979 -6.6% -
1980 -7.24% 5.11%
1981 -3.14% -3.4%
1982 -0.94% 0.08%
1983 -1.84% -0.44%
1984 -0.5% 0.95%
1985 -1.06% -1.13%
1986 -4.26% -2.28%
1987 -2.57% 2%
1988 0.57% 3.42%
1989 -1.55% 5.65%
1990 -4.4% 5.45%
1991 -2.41% 3.3%
1992 -1.51% -2.81%
1993 -1.52% -3.2%
1994 -5.46% -3.51%
1995 -3.68% 0.87%
1996 -4.32% -0.97%
1997 -3.39% 2.05%
1998 -2.96% 1.04%
1999 -2.88% -1.23%
2000 -3.68% -1.19%
2001 -3.47% -2.25%
2002 -4.99% -3.67%
2003 -3.43% -2.09%
2004 -3.42% -3.98%
2005 -2.09% -1.65%
2006 -1.04% 8.62%
2007 0.56% 2.36%
2008 0.18% 1.58%
2009 -3.25% -2.97%
2010 -4.96% -9.24%
2011 -3.91% -3.9%
2012 -4.22% 3.38%
2013 -5.25% 0.57%
2014 -5.45% -1.15%
2015 -5.52% -6.14%
2016 -5.09% -9.09%
2017 -5.88% -6.93%
2018 -5.66% -9.66%
2019 -6.68% -6.7%
2020 -8.38% -4.62%
2021 -5.09% -4.59%
2022 -2.81% -4.74%
2023 -3.25% 0.94%
2024 -3.78% -1.94%
2025 -3.23% -5.51%

Inflation comparison by year

Over the past 24 years, Costa Rica has recorded an average annual inflation rate of 8.04%, compared with 6.84% in Eswatini. In 2019, inflation was -0.41% in Costa Rica and 2.6% in Eswatini.

Inflation
Costa Rica

Eswatini
Year Inflation
Costa Rica Eswatini Costa Rica Eswatini
1996 17.5% 6.43%
1997 13.2% 7.13%
1998 11.7% 8.11%
1999 10% 6.09%
2000 11% 12.2%
2001 11.3% 5.94%
2002 9.17% 12%
2003 9.45% 7.29%
2004 12.3% 3.45%
2005 13.8% 4.77%
2006 11.5% 5.3%
2007 9.36% 8.08%
2008 13.4% 12.7%
2009 7.84% 7.45%
2010 5.66% 4.51%
2011 4.88% 6.11%
2012 4.5% 8.94%
2013 5.23% 5.62%
2014 4.52% 5.68%
2015 0.8% 4.95%
2016 -0.02% 7.85%
2017 1.63% 6.22%
2018 2.22% 4.82%
2019 2.1% 2.6%
2020 0.72% -
2021 1.73% -
2022 8.27% -
2023 0.53% -
2024 -0.41% -

Top exports between countries

Costa Rica
Export category Export value
Chemicals & pharma $7K
Eswatini
Export category Export value
Processed food, beverages & tobacco $20K
Miscellaneous $1K

Balance of trade

Costa Rica Eswatini
Current account balance
-$1.29B
2024
$108M
2023
Current account balance ranking
129/189
2024
65/189
2023
Current account balance, % of GDP
-1.35%
2024
+2.34%
2023
Goods imports
$23.2B
2024
$1.86B
2023
Goods exports
$20.7B
2024
$2.03B
2023
Service imports
$7.29B
2024
$489M
2023
Service exports
$16.1B
2024
$145M
2023
Imports of goods and services, % of GDP
32.8%
2024
51.4%
2023
Exports of goods and services, % of GDP
38.5%
2024
48.7%
2023

Economic freedom indices

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

Costa Rica Eswatini
Economic freedom 68.6 56.4
Economic freedom ranking 47/197 118/197
Property rights 65.9 44.8
Government integrity 60.4 29.9
Judicial effectiveness 75.7 36.8
Tax burden 78.5 76.1
Government spending 88.6 73.9
Fiscal health 70.8 70.6
Business freedom 80.3 49.5
Labor freedom 62.1 55.9
Monetary freedom 74.9 76.1
Trade freedom 75.4 73.6
Investment freedom 50 50
Financial freedom 40 40

Economic freedom by year comparison

The Economic Freedom Index for Costa Rica is 68.6, ranking 47/197, compared to 56.4 for Eswatini, ranking 118/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Costa Rica
Eswatini
Year Economic freedom index
Costa Rica Eswatini
1995 68 63.3
1996 66.4 58.6
1997 65.6 59.4
1998 65.6 62
1999 67.4 62.1
2000 68.4 62.6
2001 67.6 63.6
2002 67.5 60.9
2003 67 59.6
2004 66.4 58.6
2005 66.1 59.4
2006 65.9 61.4
2007 64 60.1
2008 64.2 58.4
2009 66.4 59.1
2010 65.9 57.4
2011 67.3 59.1
2012 68 57.2
2013 67 57.2
2014 66.9 61.2
2015 67.2 59.9
2016 67.4 59.7
2017 65 61.1
2018 65.6 55.9
2019 65.3 54.7
2020 65.8 55.3
2021 64.2 55.1
2022 65.4 51.4
2023 66.5 54.9
2024 67.7 55.6
2025 68.6 56.4

More economic indicators

Costa Rica Eswatini
Services, % of GDP
68.8%
2024
51.7%
2023
Industry, % of GDP
19.7%
2024
34.7%
2023
Agriculture, forestry, and fishing, % of GDP
3.56%
2024
6.78%
2023
GNI, Atlas method
$80.2B
2024
$4.45B
2024
GNI per capita, PPP
$27,880
2024
$10,750
2024
Total reserves including gold
$14.2B
2024
$479M
2023
Total reserves ranking
70/177
2024
159/177
2023
Net foreign direct investment
-$4.28B
2024
-$50.8M
2023
Net inflows of foreign direct investment
$5.28B
2024
$75.5M
2024
Net outflows of foreign direct investment
$1B
2024
$63.8M
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
3.92%
2023
Poverty at national poverty lines
20.3%
2024
58.9%
2016
Gross capital formation, % of GDP
15.7%
2024
19.2%
2023

GDP per capita map

GDP per capita

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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.