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Economy of Costa Rica vs Kuwait compared: GDP & Debt

Updated on by Georank team

Costa Rica has a GDP of $95.4B compared to $160B for Kuwait, ranking 73/197 and 59/197 by economy size, respectively.

Costa Rica has $57B in government debt (59.8% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Costa Rica vs Kuwait GDP by year

Costa Rica
Kuwait
1x
Year GDP, current $
Costa Rica Kuwait
2024 $95,350,423,177 $160,227,273,053
2023 $86,497,941,439 $165,384,407,116
2022 $69,243,626,029 $183,502,046,694
2021 $64,960,725,734 $148,350,671,489
2020 $62,395,610,760 $111,045,470,606
2019 $64,417,670,521 $140,856,394,861
2018 $62,420,164,992 $138,646,316,351
2017 $60,516,044,657 $120,687,539,806
2016 $58,847,019,610 $109,406,674,125
2015 $56,441,920,821 $114,585,555,689
2014 $52,016,408,854 $162,650,450,685
2013 $50,949,668,842 $174,168,116,535
2012 $47,231,655,432 $174,047,662,680
2011 $42,762,613,699 $154,039,231,246
2010 $37,658,616,952 $115,416,245,242
2009 $30,745,714,313 $105,968,691,905
2008 $30,801,745,700 $147,379,737,230
2007 $26,884,700,709 $114,634,043,362
2006 $22,715,540,324 $101,557,330,723
2005 $20,040,642,477 $80,798,630,137
2004 $18,610,594,846 $59,439,090,601
2003 $17,271,760,507 $47,874,582,232
2002 $16,578,820,687 $38,135,788,414
2001 $15,976,174,337 $34,889,559,870
2000 $15,013,629,662 $37,718,743,480
1999 $14,254,866,285 $30,122,365,849
1998 $13,684,255,947 $25,943,705,784
1997 $12,614,602,382 $30,350,190,704
1996 $11,678,424,507 $31,492,373,309
1995 $11,578,594,260 $27,186,980,647
1994 $10,489,903,725 $24,848,483,838
1993 $9,564,815,975 $23,941,391,391
1992 $8,579,754,758 $19,858,555,215
1991 $7,215,725,487 $11,009,993,703
1990 $5,711,687,787 $18,427,777,778
1989 $5,251,025,767 $24,313,855,653
1988 $4,614,629,898 $20,690,322,153
1987 $4,532,952,047 $22,368,704,134
1986 $4,418,983,871 $17,903,989,745
1985 $3,919,203,960 $21,445,970,614
1984 $3,660,477,856 $21,700,082,753
1983 $3,146,772,631 $20,871,081,080
1982 $2,606,623,555 $21,577,153,356
1981 $2,623,803,096 $25,058,020,338
1980 $4,831,447,001 $28,638,868,356
1979 $4,035,519,323 $24,749,063,922
1978 $3,523,208,810 $15,503,557,496
1977 $3,072,427,013 $14,137,406,741
1976 $2,412,555,426 $13,132,252,802
1975 $1,960,863,466 $12,022,811,621
1974 $1,666,544,754 $13,006,948,296
1973 $1,528,925,846 $5,408,804,607
1972 $1,238,251,696 $4,450,537,925
1971 $1,077,147,538 $3,880,392,195
1970 $984,830,158 $2,873,638,851
1969 $853,630,204 $2,769,198,892
1968 $773,841,494 $2,662,798,935
1967 $699,456,619 $2,441,599,023
1966 $647,305,630 $2,391,199,044
1965 $592,981,162 $2,097,199,161
1964 $542,578,367 $2,071,668,533
1963 $511,902,137 $1,900,895,857
1962 $479,180,824 $1,828,107,503
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/kuwait | CC BY

GDP per capita in Costa Rica vs Kuwait by year

Costa Rica
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Costa Rica Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $18,587 $31,107 $32,718 $52,444
2023 $16,942 $28,909 $34,076 $53,025
2022 $13,626 $26,226 $39,982 $55,043
2021 $12,838 $23,853 $34,019 $50,652
2020 $12,394 $22,100 $25,236 $41,462
2019 $12,885 $23,340 $31,708 $50,703
2018 $12,590 $21,498 $32,068 $51,371
2017 $12,317 $20,499 $29,048 $46,566
2016 $12,091 $19,202 $27,324 $41,862
2015 $11,715 $17,525 $29,882 $45,267
2014 $10,911 $16,394 $44,369 $68,337
2013 $10,803 $15,232 $49,651 $76,813
2012 $10,127 $14,464 $52,155 $82,090
2011 $9,276 $13,614 $49,170 $79,037
2010 $8,266 $12,928 $39,212 $75,184
2009 $6,833 $12,274 $37,907 $80,110
2008 $6,937 $12,472 $55,585 $90,337
2007 $6,138 $11,842 $45,709 $91,435
2006 $5,257 $10,800 $42,947 $89,075
2005 $4,703 $9,899 $36,123 $84,968
2004 $4,431 $9,365 $27,552 $77,227
2003 $4,173 $8,863 $22,691 $69,752
2002 $4,068 $8,461 $18,513 $59,713
2001 $3,985 $8,190 $17,374 $58,553
2000 $3,813 $7,879 $19,296 $58,703
1999 $3,691 $7,563 $15,854 $56,406
1998 $3,617 $7,306 $14,067 $58,344
1997 $3,408 $6,890 $16,977 $57,420
1996 $3,227 $6,568 $18,201 $56,913
1995 $3,275 $6,515 $16,168 $57,163
1994 $3,040 $6,276 $14,930 $53,946
1993 $2,840 $6,025 $14,318 $48,482
1992 $2,612 $5,635 $12,146 $36,149
1991 $2,253 $5,175 $8,147 $23,390
1990 $1,830 $5,021 $10,938 $30,763
1989 $1,725 - $10,965 -
1988 $1,555 - $9,692 -
1987 $1,567 - $10,896 -
1986 $1,569 - $9,077 -
1985 $1,429 - $11,322 -
1984 $1,372 - $11,919 -
1983 $1,213 - $11,965 -
1982 $1,032 - $12,979 -
1981 $1,068 - $15,825 -
1980 $2,021 - $19,032 -
1979 $1,735 - $17,386 -
1978 $1,556 - $11,567 -
1977 $1,393 - $11,238 -
1976 $1,123 - $11,141 -
1975 $937 - $10,882 -
1974 $817 - $12,527 -
1973 $769 - $5,532 -
1972 $639 - $4,836 -
1971 $570 - $4,486 -
1970 $536 - $3,552 -
1969 $477 - $3,695 -
1968 $445 - $3,872 -
1967 $414 - $3,887 -
1966 $395 - $4,176 -
1965 $374 - $4,024 -
1964 $354 - $4,379 -
1963 $346 - $4,445 -
1962 $335 - $4,748 -
1961 $356 - - -
1960 $382 - - -

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

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

Costa Rica's GDP per capita is $18,587, ranking 62/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 72nd at $31,107, while Kuwait ranks 40th at $52,444.

Economic indicators

Costa Rica Kuwait
Gross domestic product
$95.4B
2024
$160B
2024
GDP rank
73/197
2024
59/197
2024
GDP growth
4.32%
2023-2024
-2.56%
2023-2024
GDP per capita
$18,587
2024
$32,718
2024
GDP per capita rank
62/197
2024
37/197
2024
GDP per capita, PPP
$31,107
2024
$52,444
2024
GDP per capita PPP rank
72/197
2024
40/197
2024
Government debt
$57B
2024
$4.68B
2024
Debt-to-GDP ratio
59.8%
2024
2.92%
2024
Government debt per person
$11,106
2024
$956
2024
Government debt per person rank
50/185
2024
143/185
2024
Average annual personal income after taxes
$12,150
2026
$23,828
2026
Market capitalization of domestic companies
$2.23B
2022
$141B
2024
Income share by richest 10%
34.2%
2024
n/a
Income share by poorest 10%
1.7%
2024
n/a
Government expenditure, % of GDP
18.9%
2024
50.4%
2024
Consumer prices inflation
-0.41%
2023-2024
2.9%
2023-2024
Central bank interest rate
3.5%
2025
3.5%
2025
Unemployment rate
6.94%
2024
2.16%
2016
Population
5181862
5100145

Spending and national debt comparison by year

Costa Rica
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Costa Rica Kuwait
Government spending Government debt Government spending Government debt
2024 18.9% 59.8% 50.4% 2.92%
2023 18.5% 61.1% 48.3% 3.13%
2022 19.2% 63% 39.6% 2.95%
2021 20.8% 67.6% 48.3% 7.2%
2020 22.3% 66.9% 62.9% 10.2%
2019 21.7% 56.4% 50.3% 10.5%
2018 18.9% 51.8% 51.1% 14.3%
2017 19.2% 47.1% 51.9% 19.6%
2016 18.8% 44.1% 54.1% 9.88%
2015 18.8% 39.8% 55.4% 4.6%
2014 18.4% 37.4% 45% 3.43%
2013 18.5% 35.1% 38.4% 3.09%
2012 17.3% 33.7% 38.2% 3.6%
2011 17.2% 29.5% 39.7% 4.64%
2010 18% 28.1% 45.5% 6.16%
2009 16.7% 26% 42.9% 6.65%
2008 15.2% 24% 40.9% 5.38%
2007 14.6% 27% 30.4% 7.05%
2006 15.2% 33% 32.3% 7.79%
2005 15.9% 37.3% 28.8% 10.2%
2004 17% 41% 35.3% 13.9%
2003 17.6% 40.6% 38.2% 17.2%
2002 18.6% 41.4% 42.8% 21.3%
2001 17.3% 39.6% 41.4% 23%
2000 16.9% 38.9% 29.9% 21.4%
1999 16.7% 39% 44.5% 25.5%
1998 16% 40.7% 51.7% 25.6%
1997 16.3% 30.6% 43.8% 24.3%
1996 17.3% 33.7% 42.8% 26.5%
1995 16.4% 29.1% 52% 34.9%
1994 17.4% 27% 57.8% 37.7%
1993 13.8% 24.4% 58.2% 28.8%
1992 13.7% 23.3% 77.6% 27.9%
1991 14% 28.4% 208.9% 45.3%
1990 18.9% 18.5% 122.9% -
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/kuwait | CC BY

In 2024, Costa Rica's government spending was $18B, accounting for 18.9% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 59.8% in Costa Rica and 2.92% in Kuwait, ranking 79/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Costa Rica

Kuwait
1x
Year Deficit/surplus, % of GDP
Costa Rica Kuwait
2024 -3.78% 23.8%
2023 -3.25% 28.2%
2022 -2.81% 30%
2021 -5.09% 9.98%
2020 -8.38% 0.14%
2019 -6.68% 13%
2018 -5.66% 17.5%
2017 -5.88% 15.3%
2016 -5.09% 13.1%
2015 -5.52% 16.6%
2014 -5.45% 30%
2013 -5.25% 40.6%
2012 -4.22% 40.7%
2011 -3.91% 38.8%
2010 -4.96% 31.9%
2009 -3.25% 31.3%
2008 0.18% 21.3%
2007 0.56% 37.1%
2006 -1.04% 28%
2005 -2.09% 38.9%
2004 -3.42% 32.5%
2003 -3.43% 27.2%
2002 -4.99% 31%
2001 -3.47% 45.2%
2000 -3.68% 52.5%
1999 -2.88% 28.2%
1998 -2.96% 19.5%
1997 -3.39% 29.5%
1996 -4.32% 24.3%
1995 -3.68% 11.7%
1994 -5.46% 1.76%
1993 -1.52% -3.12%
1992 -1.51% -28.1%
1991 -2.41% -145%
1990 -4.4% -50%
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/kuwait | 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 Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 35 years, Costa Rica recorded a fiscal deficit in 33 of those years, while Kuwait ran a deficit in 4 years. On average, Costa Rica posted an annual deficit equal to 3.8% of GDP, compared to surplus of 16.7% of GDP for Kuwait.

Inflation comparison by year

Inflation
Costa Rica

Kuwait
1x
Year Consumer prices inflation
Costa Rica Kuwait
2024 -0.41% 2.9%
2023 0.53% 3.64%
2022 8.27% 3.98%
2021 1.73% 3.42%
2020 0.72% 2.1%
2019 2.1% 1.09%
2018 2.22% 0.54%
2017 1.63% 2.17%
2016 -0.02% 3.2%
2015 0.8% 3.27%
2014 4.52% 2.91%
2013 5.23% 2.68%
2012 4.5% 3.26%
2011 4.88% 4.84%
2010 5.66% 4.5%
2009 7.84% 4.61%
2008 13.4% 10.6%
2007 9.36% 5.48%
2006 11.5% 3.06%
2005 13.8% 4.14%
2004 12.3% 1.25%
2003 9.45% 0.96%
2002 9.17% 0.89%
2001 11.3% 1.3%
2000 11% 1.81%
1999 10% 2.99%
1998 11.7% 0.13%
1997 13.2% 0.68%

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

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

Over the past 28 years, Costa Rica has recorded an average annual inflation rate of 6.66%, compared with 2.94% in Kuwait. In 2024, inflation was -0.41% in Costa Rica and 2.9% in Kuwait.

Top exports between countries

Costa Rica
Export category Export value
Machinery & equipment $295K
Raw agricultural goods $104K
Processed food, beverages & tobacco $27K
Precious metals & jewellery $4K
Chemicals & pharma $2K
Kuwait
Export category Export value
Machinery & equipment $72K
Raw materials & minerals $39K
Chemicals & pharma $20K

Balance of trade

Costa Rica Kuwait
Current account balance
-$1.25B
2024
$46.7B
2024
Current account balance ranking
129/190
2024
15/190
2024
Current account balance, % of GDP
-1.31%
2024
+29.1%
2024
Goods imports
$23.1B
2024
$33.4B
2024
Goods exports
$20.6B
2024
$77.5B
2024
Service imports
$7.58B
2024
$28.1B
2024
Service exports
$16.3B
2024
$12.2B
2024
Imports of goods and services, % of GDP
32.8%
2024
38.3%
2023
Exports of goods and services, % of GDP
38.5%
2024
57.7%
2023

Economic freedom indices

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

Costa Rica Kuwait
Economic freedom 69.1 59.9
Economic freedom ranking 43/197 100/197
Property rights 66 42
Government integrity 64.1 47.9
Judicial effectiveness 76.9 43.4
Tax burden 78.6 97.7
Government spending 89.3 36.2
Fiscal health 75.6 99.9
Business freedom 79.9 57.4
Labor freedom 55.9 49.2
Monetary freedom 78.2 68.7
Trade freedom 75 75.8
Investment freedom 50 50
Financial freedom 40 50

Economic freedom comparison by year

Costa Rica
Kuwait
1x
Year Economic freedom index
Costa Rica Kuwait
2026 69.1 59.9
2025 68.6 59.9
2024 67.7 58.5
2023 66.5 56.7
2022 65.4 58.3
2021 64.2 64.1
2020 65.8 63.2
2019 65.3 60.8
2018 65.6 62.2
2017 65 65.1
2016 67.4 62.7
2015 67.2 62.5
2014 66.9 62.3
2013 67 63.1
2012 68 62.5
2011 67.3 64.9
2010 65.9 67.7
2009 66.4 65.6
2008 64.2 68.1
2007 64 66.4
2006 65.9 66.5
2005 66.1 64.6
2004 66.4 63.6
2003 67 66.7
2002 67.5 65.4
2001 67.6 68.2
2000 68.4 69.7
1999 67.4 69.5
1998 65.6 66.3
1997 65.6 64.8
1996 66.4 66.1
1995 68 -

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

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

The Economic Freedom Index for Costa Rica is 69.1, ranking 43/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Costa Rica Kuwait
Services, % of GDP
68.8%
2024
55.9%
2024
Industry, % of GDP
19.7%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
3.56%
2024
0.49%
2024
GNI, Atlas method
$80.2B
2024
$200B
2024
GNI per capita, PPP
$28,840
2024
$63,270
2024
Total reserves including gold
$14.2B
2024
$50.7B
2024
Total reserves ranking
70/177
2024
41/177
2024
Net foreign direct investment
-$4.96B
2024
$9.71B
2024
Net inflows of foreign direct investment
$5.3B
2024
$615M
2024
Net outflows of foreign direct investment
$337M
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
n/a
Poverty at national poverty lines
20.3%
2024
n/a
Gross capital formation, % of GDP
15.7%
2024
17.7%
2023

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/kuwait | 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 (2020–2024, 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.