Costa Rica vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Costa Rica ranked 77th with $60.1B. By GDP 5-years average growth and GDP per capita, Italy and Costa Rica ranked 154th vs 70th and 29th vs 65th, respectively.

Gross Domestic Product & Income

Stat	Costa Rica	Italy
GDP	$60.1B	$2.1T
GDP growth, 1 year	2.7%	0.9%
GDP growth, 5-years average	3.5%	0.9%
Population	4.9M	60.3M
GDP per capita	$12k	$34k
GDP per capita growth	1.62%	0.95%
Purchasing Power Parity conversion factor	392.7	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.68	0.82
GDP per capita, PPP adjusted	$18k	$40k
GNI, Atlas method	$57.6B	$2T
GNI per capita	$12k	$34k
GNI, PPP adjusted	$83.5B	$2.6T
GNI per capita, PPP adjusted	$17k	$42k

Financial system and Human development

Stat	Costa Rica	Italy
Income Tax Rate	25%	43%
Corporate Tax Rate	30%	27.5%
Inflation, consumer prices	2.3%	1.2%
Inflation, GDP deflator	2.4%	0.9%
Unemployment	8.1%	10.2%
Economic Freedom Index	65.8	63.8
Personal Freedom Index	8.28	8.79
Human Freedom Index	7.81	8.01
Property Rights Index	66.7	75.4
Judical Effectiveness Index	54.4	51.3
Business Freedom Index	66.5	70.4
Fiscal Health Index	39.7	71.1
Labor Freedom Index	55	50.9
Investment Freedom Index	70	80
Financial Freedom Index	50	50
Trade Freedom Index	81.4	86.4
Monetary Freedom Index	81.2	83.2
Government Spending Index	88.4	28.5
Tax Burden Index	78.9	56
Government Integrity Index	57.2	62.2
Corruption Perceptions Index	56	52
Life expectancy at birth, years	79.9	83.2
Suicide mortality rate, per 100,000 people	7.9	8.2
Mortality caused by road traffic injury, per 100,000 people	16.7	5.6
Intentional homicides, per 100,000 people	12.3	0.7
International tourism, number of arrivals	3M	61.6M

Government debt & reserves

Stat	Costa Rica	Italy
Central government debt, % of GDP	53.5%	132.1%
External debt stocks, % of GNI	49%	N/A
External debt stocks	$27.8B	N/A
Short-term debt, % of total reserves	44.9%	N/A
Total debt service, % of exports and primary income	18.3%	N/A
Adjusted net savings including particulate emission damage, % of GNI	15.9%	6%
Gross savings, % of GDP	14.7%	20.8%
Gross capital formation, % of GDP	19%	18.2%
Total reserves including gold	$7.5B	$152.4B
Foreign direct investment net inflows	$2.8B	$39.6B

Exports, imports and economic structure

Stat	Costa Rica	Italy
Exports of goods and services, % of GDP	33.7%	31.5%
Imports of goods and services, % of GDP	33.2%	29%
Current account balance (balance of payments)	-$1.9B	$53.8B
Revenue excluding grants, % of GDP	25.2%	37.7%
Grants excluding technical cooperation, BoP	$26.1M	N/A
Personal remittances received	$533.5M	$9.9B
Industry including construction value added, % of GDP	19.5%	21.4%
Agriculture, forestry and fishing value added, % of GDP	4.6%	1.9%
Charges for the use of intellectual property, payments BoP	$565.2M	$5.1B
Charges for the use of intellectual property, receipts BoP	$5.9M	$4.9B
Expense, % of GDP	30%	41.3%
Government Expenditure, % of GDP	19.7%	48.8%