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Economy of Costa Rica vs Malaysia compared: GDP & Debt

Updated on by Georank

Costa Rica has a GDP of $103B compared to $472B for Malaysia, ranking 74/197 and 35/197 by economy size, respectively.

Costa Rica has $62.2B in government debt (60.4% of GDP), compared to $334B (70.7% of GDP) in Malaysia.

Costa Rica vs Malaysia GDP by year

Costa Rica
Malaysia
1x
Year GDP, current $
Costa Rica Malaysia
2025 $102,904,921,157 $472,193,128,645
2024 $96,715,644,331 $422,227,005,429
2023 $87,512,637,056 $399,949,418,753
2022 $71,001,226,361 $407,830,525,990
2021 $65,588,938,787 $373,784,553,030
2020 $62,806,591,555 $337,456,163,961
2019 $64,753,504,730 $365,177,721,022
2018 $62,567,765,946 $358,788,845,713
2017 $60,516,044,661 $319,109,094,160
2016 $58,847,019,588 $301,256,033,870
2015 $56,441,920,888 $301,355,266,965
2014 $52,016,408,816 $338,066,095,097
2013 $50,949,668,763 $323,276,235,524
2012 $47,231,655,493 $314,443,047,642
2011 $42,762,613,785 $297,951,668,675
2010 $37,658,616,966 $255,017,638,456
2009 $30,745,714,234 $202,257,453,037
2008 $30,801,745,703 $230,811,614,370
2007 $26,884,700,688 $193,549,569,478
2006 $22,715,540,342 $162,692,258,307
2005 $20,040,642,421 $143,534,405,819
2004 $18,610,594,844 $124,749,473,684
2003 $17,271,760,397 $110,202,368,421
2002 $16,578,820,799 $100,845,526,316
2001 $15,976,174,476 $92,783,947,368
2000 $15,013,629,579 $93,789,736,842
1999 $14,254,866,284 $79,148,421,053
1998 $13,684,255,998 $72,167,498,981
1997 $12,614,602,322 $100,005,323,302
1996 $11,678,424,727 $100,855,393,910
1995 $11,578,594,333 $88,705,342,903
1994 $10,489,903,834 $74,478,356,958
1993 $9,564,816,063 $66,894,966,969
1992 $8,579,754,953 $59,167,550,163
1991 $7,215,725,635 $49,143,148,094
1990 $5,711,687,787 $44,024,585,240
1989 $5,251,025,767 $38,847,965,293
1988 $4,614,629,898 $35,272,109,220
1987 $4,532,952,047 $32,181,210,158
1986 $4,418,983,871 $27,734,111,400
1985 $3,919,203,960 $31,199,633,353
1984 $3,660,477,856 $33,942,897,422
1983 $3,146,772,631 $30,347,442,111
1982 $2,606,623,555 $26,804,493,635
1981 $2,623,803,096 $25,004,285,792
1980 $4,831,447,001 $24,488,224,677
1979 $4,035,519,323 $21,213,264,962
1978 $3,523,208,810 $16,358,079,862
1977 $3,072,427,013 $13,139,488,633
1976 $2,412,555,426 $11,050,234,599
1975 $1,960,863,466 $9,298,800,799
1974 $1,666,544,754 $9,496,204,302
1973 $1,528,925,846 $7,662,902,678
1972 $1,238,251,696 $5,043,347,250
1971 $1,077,147,538 $4,244,395,956
1970 $984,830,158 $3,864,145,667
1969 $853,630,204 $3,664,552,041
1968 $773,841,494 $3,330,371,551
1967 $699,456,619 $3,188,924,677
1966 $647,305,630 $3,143,517,944
1965 $592,981,162 $2,956,337,669
1964 $542,578,367 $2,674,423,922
1963 $511,902,137 $2,510,110,348
1962 $479,180,824 $2,001,489,602
1961 $490,325,182 $1,901,856,123
1960 $507,513,830 $1,916,229,477

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Costa Rica vs Malaysia by year

Costa Rica
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Costa Rica Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,970 - $13,125 -
2024 $18,853 $31,107 $11,874 $38,779
2023 $17,141 $28,909 $11,386 $36,467
2022 $13,972 $26,226 $11,755 $34,420
2021 $12,962 $23,853 $10,903 $29,823
2020 $12,476 $22,100 $9,958 $27,475
2019 $12,952 $23,340 $10,920 $28,934
2018 $12,620 $21,498 $10,902 $27,794
2017 $12,317 $20,499 $9,863 $26,416
2016 $12,091 $19,202 $9,477 $25,286
2015 $11,715 $17,525 $9,649 $24,526
2014 $10,911 $16,394 $11,013 $24,307
2013 $10,803 $15,232 $10,714 $23,161
2012 $10,127 $14,464 $10,601 $22,639
2011 $9,276 $13,614 $10,217 $21,324
2010 $8,266 $12,928 $8,899 $20,193
2009 $6,833 $12,274 $7,191 $18,923
2008 $6,937 $12,472 $8,372 $19,480
2007 $6,138 $11,842 $7,169 $18,617
2006 $5,257 $10,800 $6,158 $17,426
2005 $4,703 $9,899 $5,556 $16,371
2004 $4,431 $9,365 $4,939 $15,416
2003 $4,173 $8,863 $4,465 $14,387
2002 $4,068 $8,461 $4,184 $13,656
2001 $3,985 $8,190 $3,944 $13,072
2000 $3,813 $7,879 $4,084 $13,027
1999 $3,691 $7,563 $3,528 $11,980
1998 $3,617 $7,306 $3,294 $11,398
1997 $3,408 $6,890 $4,679 $12,469
1996 $3,227 $6,568 $4,837 $11,709
1995 $3,275 $6,515 $4,363 $10,720
1994 $3,040 $6,276 $3,758 $9,806
1993 $2,840 $6,025 $3,462 $9,018
1992 $2,612 $5,635 $3,141 $8,224
1991 $2,253 $5,175 $2,679 $7,583
1990 $1,830 $5,021 $2,469 $6,887
1989 $1,725 - $2,244 -
1988 $1,555 - $2,100 -
1987 $1,567 - $1,977 -
1986 $1,569 - $1,760 -
1985 $1,429 - $2,046 -
1984 $1,372 - $2,300 -
1983 $1,213 - $2,124 -
1982 $1,032 - $1,938 -
1981 $1,068 - $1,866 -
1980 $2,021 - $1,886 -
1979 $1,735 - $1,680 -
1978 $1,556 - $1,327 -
1977 $1,393 - $1,092 -
1976 $1,123 - $940 -
1975 $937 - $811 -
1974 $817 - $848 -
1973 $769 - $701 -
1972 $639 - $472 -
1971 $570 - $407 -
1970 $536 - $380 -
1969 $477 - $368 -
1968 $445 - $342 -
1967 $414 - $335 -
1966 $395 - $339 -
1965 $374 - $326 -
1964 $354 - $303 -
1963 $346 - $291.8 -
1962 $335 - $238.8 -
1961 $356 - $232.9 -
1960 $382 - $240.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Costa Rica's GDP per capita is $19,970, ranking 59/197, compared to $13,125 in Malaysia, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 72nd at $31,107, while Malaysia ranks 60th at $38,779.

Economic indicators

Costa Rica Malaysia
Gross domestic product
$103B
2025
$472B
2025
GDP rank
74/197
2025
35/197
2025
GDP growth
4.56%
2024-2025
5.17%
2024-2025
GDP per capita
$19,970
2025
$13,125
2025
GDP per capita rank
59/197
2025
78/197
2025
GDP per capita, PPP
$31,107
2024
$38,779
2024
GDP per capita PPP rank
72/197
2024
60/197
2024
Government debt
$62.2B
2025
$334B
2025
Debt-to-GDP ratio
60.4%
2025
70.7%
2025
Government debt per person
$12,064
2025
$9,273
2025
Government debt per person rank
51/185
2025
62/185
2025
Average annual personal income after taxes
$12,879
2026
$11,034
2026
Market capitalization of domestic companies
$2.23B
2022
$487B
2025
Number of billionaires n/a
19
2026
Income share by richest 10%
34.3%
2025
30.9%
2021
Income share by poorest 10%
1.8%
2025
2.3%
2021
Government expenditure, % of GDP
17.8%
2025
23.4%
2025
Consumer prices inflation
-0.07%
2024-2025
1.38%
2024-2025
Central bank interest rate
3.5%
2025
2.75%
2025
Unemployment rate
6.34%
2025
3.9%
2022
Population
5186356
36600906

Spending and national debt comparison by year

Costa Rica
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Costa Rica Malaysia
Government spending Government debt Government spending Government debt
2025 17.8% 60.4% 23.4% 70.7%
2024 18.6% 58.9% 24% 69.8%
2023 18.3% 60.4% 25% 69.7%
2022 18.7% 61.4% 24.6% 65.5%
2021 20.6% 67% 24.5% 69.2%
2020 22.1% 66.5% 25% 67.7%
2019 21.6% 56.1% 23.6% 57.1%
2018 18.9% 51.7% 22.8% 55.6%
2017 19.2% 47.1% 22% 54.4%
2016 18.8% 44.1% 22.9% 55.8%
2015 18.8% 39.8% 24.7% 57%
2014 18.4% 37.4% 26% 55.4%
2013 18.5% 35.1% 27.8% 55.7%
2012 17.3% 33.7% 28.5% 53.8%
2011 17.2% 29.5% 27.1% 51.9%
2010 18% 28.1% 26.6% 51.2%
2009 16.7% 26% 30.9% 50.4%
2008 15.2% 24% 26.9% 39.4%
2007 14.6% 27% 25.9% 39.3%
2006 15.2% 33% 25.6% 39.7%
2005 15.9% 37.3% 24.5% 40.8%
2004 17% 41% 25.9% 42%
2003 17.6% 40.6% 28.1% 41.4%
2002 18.6% 41.4% 27.1% 39.5%
2001 17.3% 39.6% 28.2% 38.1%
2000 16.9% 38.9% 25.6% 32.5%
1999 16.7% 39% 24.6% 34.4%
1998 16% 40.7% 23.1% 33.6%
1997 16.3% 30.6% 21.2% 29.6%
1996 17.3% 33.7% 22.4% 32.8%
1995 16.4% 29.1% 22.6% 38.2%
1994 17.4% 27% 23.3% 43.7%
1993 13.8% 24.4% 24.6% 51.1%
1992 13.7% 23.3% 28.2% 59.1%
1991 14% 28.4% 27.4% 67.3%
1990 18.9% 18.5% 30.5% 74.1%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Costa Rica's government spending was $18.3B, accounting for 17.8% of its GDP, while Malaysia spent $111B, or 23.4% of GDP.

Debt-to-GDP ratio is 60.4% in Costa Rica and 70.7% in Malaysia, ranking 77/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Costa Rica

Malaysia
1x
Year Deficit/surplus, % of GDP
Costa Rica Malaysia
2025 -3.35% -3.54%
2024 -3.73% -3.45%
2023 -3.21% -4.11%
2022 -2.74% -4.56%
2021 -5.04% -6.03%
2020 -8.32% -4.9%
2019 -6.65% -2.01%
2018 -5.65% -2.64%
2017 -5.88% -2.41%
2016 -5.09% -2.6%
2015 -5.52% -2.55%
2014 -5.45% -2.63%
2013 -5.25% -3.48%
2012 -4.22% -3.1%
2011 -3.91% -3.57%
2010 -4.96% -4.32%
2009 -3.25% -5.88%
2008 0.18% -3.4%
2007 0.56% -2.57%
2006 -1.04% -2.6%
2005 -2.09% -2.83%
2004 -3.42% -3.35%
2003 -3.43% -4.6%
2002 -4.99% -3.96%
2001 -3.47% -4.36%
2000 -3.68% -6.05%
1999 -2.88% -3%
1998 -2.96% -0.63%
1997 -3.39% 4.84%
1996 -4.32% 3.27%
1995 -3.68% 3.1%
1994 -5.46% 5.45%
1993 -1.52% 3.44%
1992 -1.51% 1.81%
1991 -2.41% 1.6%
1990 -4.4% 0.15%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1956–1989, retrieved 2026-07-08).

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

In 2025, Costa Rica's government deficit, the difference between spending and revenue, was $3.45B, equivalent to 3.35% of GDP. This compares to Malaysia's deficit of $16.7B, or 3.54% of GDP.

Over the past 36 years, Costa Rica recorded a fiscal deficit in 34 of those years, while Malaysia ran a deficit in 28 years. On average, Costa Rica posted an annual deficit equal to 3.78% of GDP, compared to deficit of 2.1% of GDP for Malaysia.

Inflation comparison by year

Inflation
Costa Rica

Malaysia
1x
Year Consumer prices inflation
Costa Rica Malaysia
2025 -0.07% 1.38%
2024 -0.41% 1.83%
2023 0.53% 2.49%
2022 8.27% 3.38%
2021 1.73% 2.48%
2020 0.72% -1.14%
2019 2.1% 0.66%
2018 2.22% 0.88%
2017 1.63% 3.87%
2016 -0.02% 2.09%
2015 0.8% 2.1%
2014 4.52% 3.14%
2013 5.23% 2.11%
2012 4.5% 1.66%
2011 4.88% 3.17%
2010 5.66% 1.62%
2009 7.84% 0.58%
2008 13.4% 5.44%
2007 9.36% 2.03%
2006 11.5% 3.61%
2005 13.8% 2.98%
2004 12.3% 1.42%
2003 9.45% 1.09%
2002 9.17% 1.81%
2001 11.3% 1.42%
2000 11% 1.53%
1999 10% 2.74%
1998 11.7% 5.27%
1997 13.2% 2.66%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Costa Rica has recorded an average annual inflation rate of 6.42%, compared with 2.22% in Malaysia. In 2025, inflation was -0.07% in Costa Rica and 1.38% in Malaysia.

Top exports between countries

Costa Rica
Export category Export value
Machinery & equipment $63.9M
Precious metals & jewellery $48.4M
Metals $4.48M
Raw agricultural goods $1.54M
Chemicals & pharma $758K
Processed food, beverages & tobacco $451K
Textiles & consumer goods $120K
Raw materials & minerals $51K
Wood & paper products $7K
Malaysia
Export category Export value
Machinery & equipment $615M
Chemicals & pharma $7.86M
Raw materials & minerals $5.56M
Metals $3.67M
Textiles & consumer goods $2.35M
Miscellaneous $1.36M
Animal & marine products $1.14M
Processed food, beverages & tobacco $946K
Wood & paper products $269K
Precious metals & jewellery $84K

Balance of trade

Costa Rica Malaysia
Current account balance
-$687M
2025
$7.15B
2024
Current account balance ranking
108/190
2025
29/190
2024
Current account balance, % of GDP
-0.67%
2025
+1.69%
2024
Goods imports
$24.4B
2025
$223B
2024
Goods exports
$23.5B
2025
$248B
2024
Service imports
$8.64B
2025
$56.4B
2024
Service exports
$18.1B
2025
$53.4B
2024
Imports of goods and services, % of GDP
32.6%
2025
65.4%
2025
Exports of goods and services, % of GDP
38.8%
2025
71%
2025

Economic freedom indices

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

Costa Rica Malaysia
Economic freedom 69.1 68
Economic freedom ranking 43/197 51/197
Property rights 66 62.7
Government integrity 64.1 52.9
Judicial effectiveness 76.9 63.4
Tax burden 78.6 83.5
Government spending 89.3 82
Fiscal health 75.6 62.5
Business freedom 79.9 79.6
Labor freedom 55.9 55.4
Monetary freedom 78.2 80.8
Trade freedom 75 83
Investment freedom 50 60
Financial freedom 40 50

Economic freedom comparison by year

Costa Rica
Malaysia
1x
Year Economic freedom index
Costa Rica Malaysia
2026 69.1 68
2025 68.6 67.1
2024 67.7 65.7
2023 66.5 67.3
2022 65.4 68.1
2021 64.2 74.4
2020 65.8 74.7
2019 65.3 74
2018 65.6 74.5
2017 65 73.8
2016 67.4 71.5
2015 67.2 70.8
2014 66.9 69.6
2013 67 66.1
2012 68 66.4
2011 67.3 66.3
2010 65.9 64.8
2009 66.4 64.6
2008 64.2 63.9
2007 64 63.8
2006 65.9 61.6
2005 66.1 61.9
2004 66.4 59.9
2003 67 61.1
2002 67.5 60.1
2001 67.6 60.2
2000 68.4 66
1999 67.4 68.9
1998 65.6 68.2
1997 65.6 66.8
1996 66.4 69.9
1995 68 71.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Costa Rica is 69.1, ranking 43/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Costa Rica Malaysia
Services, % of GDP
69.2%
2025
54.8%
2025
Industry, % of GDP
19.9%
2025
35.7%
2025
Agriculture, forestry, and fishing, % of GDP
3.37%
2025
8.22%
2025
GNI, Atlas method
$92.4B
2025
$445B
2025
GNI per capita, PPP
$30,760
2025
$40,070
2025
Total reserves including gold
$17.1B
2025
$126B
2025
Total reserves ranking
70/177
2025
25/177
2025
Net foreign direct investment
-$5.12B
2025
-$2.55B
2024
Net inflows of foreign direct investment
$5.4B
2024
$15.6B
2024
Net outflows of foreign direct investment
$337M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
n/a
Poverty at national poverty lines
17.1%
2025
5.1%
2023
Gross capital formation, % of GDP
15.8%
2025
20.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1956–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.