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Economy of Costa Rica vs Laos compared: GDP & Debt

Updated on by Georank team

Costa Rica has a GDP of $95.4B compared to $16.5B for Laos, ranking 73/197 and 139/197 by economy size, respectively.

Costa Rica has $57B in government debt (59.8% of GDP), compared to $16.6B (100.5% of GDP) in Laos.

Costa Rica vs Laos GDP by year

Costa Rica
Laos
1x
Year GDP, current $
Costa Rica Laos
2024 $95,350,423,177 $16,502,933,121
2023 $86,497,941,439 $15,843,155,731
2022 $69,243,626,029 $15,468,785,204
2021 $64,960,725,734 $18,827,148,531
2020 $62,395,610,760 $18,981,805,250
2019 $64,417,670,521 $18,740,561,513
2018 $62,420,164,992 $18,141,641,090
2017 $60,516,044,657 $17,071,155,481
2016 $58,847,019,610 $15,912,501,723
2015 $56,441,920,821 $14,426,380,126
2014 $52,016,408,854 $13,279,245,886
2013 $50,949,668,842 $11,983,252,627
2012 $47,231,655,432 $10,192,846,339
2011 $42,762,613,699 $8,750,104,617
2010 $37,658,616,952 $7,131,771,015
2009 $30,745,714,313 $5,836,137,330
2008 $30,801,745,700 $5,446,433,157
2007 $26,884,700,709 $4,223,152,739
2006 $22,715,540,324 $3,455,030,061
2005 $20,040,642,477 $2,735,558,735
2004 $18,610,594,846 $2,366,398,120
2003 $17,271,760,507 $2,023,324,407
2002 $16,578,820,687 $1,758,176,653
2001 $15,976,174,337 $1,768,619,058
2000 $15,013,629,662 $1,731,198,022
1999 $14,254,866,285 $1,454,430,642
1998 $13,684,255,947 $1,280,177,839
1997 $12,614,602,382 $1,747,011,857
1996 $11,678,424,507 $1,873,671,550
1995 $11,578,594,260 $1,763,536,305
1994 $10,489,903,725 $1,543,606,345
1993 $9,564,815,975 $1,327,748,690
1992 $8,579,754,758 $1,127,806,945
1991 $7,215,725,487 $1,028,087,972
1990 $5,711,687,787 $865,559,879
1989 $5,251,025,767 $714,046,821
1988 $4,614,629,898 $598,961,269
1987 $4,532,952,047 $1,087,273,104
1986 $4,418,983,871 $1,776,842,097
1985 $3,919,203,960 $2,366,666,616
1984 $3,660,477,856 $1,757,142,856
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/laos | CC BY

GDP per capita in Costa Rica vs Laos by year

Costa Rica
GDP per capita

GDP per capita, PPP
Laos
GDP per capita

GDP per capita, PPP
1x
Year Current $
Costa Rica Laos
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $18,587 $31,107 $2,124 $9,776
2023 $16,942 $28,909 $2,067 $9,292
2022 $13,626 $26,226 $2,046 $8,766
2021 $12,838 $23,853 $2,526 $8,080
2020 $12,394 $22,100 $2,584 $7,913
2019 $12,885 $23,340 $2,589 $7,743
2018 $12,590 $21,498 $2,545 $7,487
2017 $12,317 $20,499 $2,432 $7,142
2016 $12,091 $19,202 $2,303 $6,743
2015 $11,715 $17,525 $2,121 $6,086
2014 $10,911 $16,394 $1,981 $5,799
2013 $10,803 $15,232 $1,813 $5,222
2012 $10,127 $14,464 $1,564 $4,781
2011 $9,276 $13,614 $1,362 $4,100
2010 $8,266 $12,928 $1,126 $3,772
2009 $6,833 $12,274 $935 $3,485
2008 $6,937 $12,472 $886 $3,271
2007 $6,138 $11,842 $697 $3,021
2006 $5,257 $10,800 $579 $2,777
2005 $4,703 $9,899 $466 $2,519
2004 $4,431 $9,365 $409 $2,315
2003 $4,173 $8,863 $355 $2,151
2002 $4,068 $8,461 $313 $2,020
2001 $3,985 $8,190 $320 $1,908
2000 $3,813 $7,879 $319 $1,794
1999 $3,691 $7,563 $272.3 $1,686
1998 $3,617 $7,306 $243.9 $1,577
1997 $3,408 $6,890 $339 $1,528
1996 $3,227 $6,568 $371 $1,435
1995 $3,275 $6,515 $358 $1,349
1994 $3,040 $6,276 $321 $1,265
1993 $2,840 $6,025 $283.4 $1,176
1992 $2,612 $5,635 $247.3 $1,114
1991 $2,253 $5,175 $231.8 $1,061
1990 $1,830 $5,021 $200.7 $1,012
1989 $1,725 - $170.4 -
1988 $1,555 - $147.1 -
1987 $1,567 - $274.7 -
1986 $1,569 - $462 -
1985 $1,429 - $633 -
1984 $1,372 - $483 -
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/laos | CC BY

Costa Rica's GDP per capita is $18,587, ranking 62/197, compared to $2,124 in Laos, ranking 155/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 72nd at $31,107, while Laos ranks 134th at $9,776.

Economic indicators

Costa Rica Laos
Gross domestic product
$95.4B
2024
$16.5B
2024
GDP rank
73/197
2024
139/197
2024
GDP growth
4.32%
2023-2024
4.13%
2023-2024
GDP per capita
$18,587
2024
$2,124
2024
GDP per capita rank
62/197
2024
155/197
2024
GDP per capita, PPP
$31,107
2024
$9,776
2024
GDP per capita PPP rank
72/197
2024
134/197
2024
Government debt
$57B
2024
$16.6B
2024
Debt-to-GDP ratio
59.8%
2024
100.5%
2024
Government debt per person
$11,106
2024
$2,134
2024
Government debt per person rank
50/185
2024
119/185
2024
Average annual personal income after taxes
$12,150
2026
$2,096
2026
Market capitalization of domestic companies
$2.23B
2022
n/a
Income share by richest 10%
34.2%
2024
31.2%
2018
Income share by poorest 10%
1.7%
2024
3%
2018
Government expenditure, % of GDP
18.9%
2024
15.7%
2024
Consumer prices inflation
-0.41%
2023-2024
23.1%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
6.94%
2024
1.21%
2022
Population
5181862
8004838

Spending and national debt comparison by year

Costa Rica
Spending

Debt
Laos
Spending

Debt
1x
Year % of GDP
Costa Rica Laos
Government spending Government debt Government spending Government debt
2024 18.9% 59.8% 15.7% 100.5%
2023 18.5% 61.1% 16.4% 116.5%
2022 19.2% 63% 14.7% 130.7%
2021 20.8% 67.6% 15.7% 92.9%
2020 22.3% 66.9% 18.4% 76%
2019 21.7% 56.4% 18.6% 69.1%
2018 18.9% 51.8% 20.7% 60.6%
2017 19.2% 47.1% 21.8% 57.2%
2016 18.8% 44.1% 21.1% 54.5%
2015 18.8% 39.8% 25.8% 53.1%
2014 18.4% 37.4% 25% 53.5%
2013 18.5% 35.1% 24.2% 49.5%
2012 17.3% 33.7% 24.7% 46.1%
2011 17.2% 29.5% 20.2% 43%
2010 18% 28.1% 22.4% 49.3%
2009 16.7% 26% 20.1% 51.8%
2008 15.2% 24% 16.1% 51.7%
2007 14.6% 27% 15.1% 55.9%
2006 15.2% 33% 14.7% 60%
2005 15.9% 37.3% 15.3% 73.2%
2004 17% 41% 13.6% 80.7%
2003 17.6% 40.6% 16% 90.1%
2002 18.6% 41.4% 16.6% 95.3%
2001 17.3% 39.6% 18.8% 94.7%
2000 16.9% 38.9% 19.9% -
1999 16.7% 39% - -
1998 16% 40.7% - -
1997 16.3% 30.6% - -
1996 17.3% 33.7% - -
1995 16.4% 29.1% - -
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/laos | CC BY

In 2024, Costa Rica's government spending was $18B, accounting for 18.9% of its GDP, while Laos spent $2.58B, or 15.7% of GDP.

Debt-to-GDP ratio is 59.8% in Costa Rica and 100.5% in Laos, ranking 79/185 and 24/185, respectively.

Government deficit by year

Deficit/surplus
Costa Rica

Laos
1x
Year Deficit/surplus, % of GDP
Costa Rica Laos
2024 -3.78% 2.34%
2023 -3.25% -0.01%
2022 -2.81% 0.06%
2021 -5.09% -0.67%
2020 -8.38% -5.37%
2019 -6.68% -3.2%
2018 -5.66% -4.46%
2017 -5.88% -5.51%
2016 -5.09% -5.06%
2015 -5.52% -5.57%
2014 -5.45% -3.13%
2013 -5.25% -4.03%
2012 -4.22% -2.34%
2011 -3.91% -1.43%
2010 -4.96% -1.47%
2009 -3.25% -3.1%
2008 0.18% -1.86%
2007 0.56% -1.12%
2006 -1.04% -1.48%
2005 -2.09% -2.54%
2004 -3.42% -1.81%
2003 -3.43% -3.89%
2002 -4.99% -2.85%
2001 -3.47% -3.68%
2000 -3.68% -3.58%
1999 -2.88% -
1998 -2.96% -
1997 -3.39% -
1996 -4.32% -
1995 -3.68% -
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/laos | 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 Laos' surplus of $386M, or 2.34% of GDP.

Over the past 25 years, Costa Rica recorded a fiscal deficit in 23 of those years, while Laos ran a deficit in 23 years. On average, Costa Rica posted an annual deficit equal to 4.02% of GDP, compared to deficit of 2.63% of GDP for Laos.

Inflation comparison by year

Inflation
Costa Rica

Laos
1x
Year Consumer prices inflation
Costa Rica Laos
2024 -0.41% 23.1%
2023 0.53% 31.2%
2022 8.27% 23%
2021 1.73% 3.8%
2020 0.72% 5.1%
2019 2.1% 3.3%
2018 2.22% 2%
2017 1.63% 0.8%
2016 -0.02% 1.6%
2015 0.8% 1.3%
2014 4.52% 4.1%
2013 5.23% 6.4%
2012 4.5% 4.3%
2011 4.88% 7.6%
2010 5.66% 6%
2009 7.84% 0.1%
2008 13.4% 7.6%
2007 9.36% 4.7%
2006 11.5% 6.5%
2005 13.8% 7.2%
2004 12.3% 10.5%
2003 9.45% 15.5%
2002 9.17% 10.6%
2001 11.3% 7.8%
2000 11% 8.4%
1999 10% 128.4%
1998 11.7% 90.1%
1997 13.2% 19.5%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Costa Rica has recorded an average annual inflation rate of 6.66%, compared with 15.7% in Laos. In 2024, inflation was -0.41% in Costa Rica and 23.1% in Laos.

Top exports between countries

Costa Rica
Export category Export value
Chemicals & pharma $5K
Textiles & consumer goods $2K
Machinery & equipment $1K
Metals $1K
Wood & paper products $1K
Laos
Export category Export value
Textiles & consumer goods $16K

Balance of trade

Costa Rica Laos
Current account balance
-$1.25B
2024
$531M
2024
Current account balance ranking
129/190
2024
61/190
2024
Current account balance, % of GDP
-1.31%
2024
+3.22%
2024
Goods imports
$23.1B
2024
$8.66B
2024
Goods exports
$20.6B
2024
$9.39B
2024
Service imports
$7.58B
2024
$1.27B
2024
Service exports
$16.3B
2024
$1.73B
2024
Imports of goods and services, % of GDP
32.8%
2024
41.9%
2016
Exports of goods and services, % of GDP
38.5%
2024
33.2%
2016

Economic freedom indices

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

Costa Rica Laos
Economic freedom 69.1 50.9
Economic freedom ranking 43/197 157/197
Property rights 66 41.1
Government integrity 64.1 25.9
Judicial effectiveness 76.9 10.2
Tax burden 78.6 88.5
Government spending 89.3 92.7
Fiscal health 75.6 80
Business freedom 79.9 54.2
Labor freedom 55.9 40.7
Monetary freedom 78.2 53.3
Trade freedom 75 69
Investment freedom 50 35
Financial freedom 40 20

Economic freedom comparison by year

Costa Rica
Laos
1x
Year Economic freedom index
Costa Rica Laos
2026 69.1 50.9
2025 68.6 51.1
2024 67.7 50.6
2023 66.5 50.3
2022 65.4 49.2
2021 64.2 53.9
2020 65.8 55.5
2019 65.3 57.4
2018 65.6 53.6
2017 65 54
2016 67.4 49.8
2015 67.2 51.4
2014 66.9 51.2
2013 67 50.1
2012 68 50
2011 67.3 51.3
2010 65.9 51.1
2009 66.4 50.4
2008 64.2 50.3
2007 64 50.3
2006 65.9 47.5
2005 66.1 44.4
2004 66.4 42
2003 67 41
2002 67.5 36.8
2001 67.6 33.5
2000 68.4 36.8
1999 67.4 35.2
1998 65.6 35.2
1997 65.6 35.1
1996 66.4 38.5
1995 68 -

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

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

The Economic Freedom Index for Costa Rica is 69.1, ranking 43/197, compared to 50.9 for Laos, ranking 157/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Costa Rica Laos
Services, % of GDP
68.8%
2024
43.5%
2024
Industry, % of GDP
19.7%
2024
29%
2024
Agriculture, forestry, and fishing, % of GDP
3.56%
2024
16.8%
2024
GNI, Atlas method
$80.2B
2024
$15.5B
2024
GNI per capita, PPP
$28,840
2024
$9,160
2024
Total reserves including gold
$14.2B
2024
$1.77B
2023
Total reserves ranking
70/177
2024
129/177
2023
Net foreign direct investment
-$4.96B
2024
-$988M
2024
Net inflows of foreign direct investment
$5.3B
2024
$988M
2024
Net outflows of foreign direct investment
$337M
2024
$0
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
13.8%
2024
Poverty at national poverty lines
20.3%
2024
22%
2020
Gross capital formation, % of GDP
15.7%
2024
29%
2016

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/laos | 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 (2022, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.