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Economy of Costa Rica vs Malta compared: GDP & Debt

Updated on by Georank team

Costa Rica has a GDP of $95.4B compared to $25B for Malta, ranking 73/197 and 119/197 by economy size, respectively.

Costa Rica has $57B in government debt (59.8% of GDP), compared to $11.5B (46.2% of GDP) in Malta.

Costa Rica vs Malta GDP by year

Costa Rica
Malta
1x
Year GDP, current $
Costa Rica Malta
2024 $95,350,423,177 $24,971,574,502
2023 $86,497,941,439 $22,610,561,526
2022 $69,243,626,029 $18,928,276,162
2021 $64,960,725,734 $19,739,875,611
2020 $62,395,610,760 $16,404,663,226
2019 $64,417,670,521 $16,337,793,531
2018 $62,420,164,992 $16,153,779,511
2017 $60,516,044,657 $14,161,366,724
2016 $58,847,019,610 $12,025,782,834
2015 $56,441,920,821 $11,340,795,042
2014 $52,016,408,854 $11,888,032,874
2013 $50,949,668,842 $10,796,782,636
2012 $47,231,655,432 $9,609,532,089
2011 $42,762,613,699 $9,789,361,703
2010 $37,658,616,952 $9,097,044,159
2009 $30,745,714,313 $8,734,745,698
2008 $30,801,745,700 $9,135,419,465
2007 $26,884,700,709 $7,908,412,306
2006 $22,715,540,324 $6,749,838,806
2005 $20,040,642,477 $6,393,234,993
2004 $18,610,594,846 $6,104,141,520
2003 $17,271,760,507 $5,418,315,224
2002 $16,578,820,687 $4,455,127,414
2001 $15,976,174,337 $4,070,867,133
2000 $15,013,629,662 $4,036,809,815
1999 $14,254,866,285 $4,111,857,809
1998 $13,684,255,947 $4,010,111,688
1997 $12,614,602,382 $3,787,023,707
1996 $11,678,424,507 $3,822,547,197
1995 $11,578,594,260 $3,709,396,045
1994 $10,489,903,725 $2,998,505,428
1993 $9,564,815,975 $2,709,193,538
1992 $8,579,754,758 $3,021,942,759
1991 $7,215,725,487 $2,750,216,747
1990 $5,711,687,787 $2,547,328,748
1989 $5,251,025,767 $2,118,655,677
1988 $4,614,629,898 $2,019,503,068
1987 $4,532,952,047 $1,751,293,461
1986 $4,418,983,871 $1,435,038,441
1985 $3,919,203,960 $1,117,797,439
1984 $3,660,477,856 $1,101,807,023
1983 $3,146,772,631 $1,165,729,707
1982 $2,606,623,555 $1,234,474,404
1981 $2,623,803,096 $1,243,509,394
1980 $4,831,447,001 $1,250,198,601
1979 $4,035,519,323 $1,001,288,847
1978 $3,523,208,810 $793,673,402
1977 $3,072,427,013 $625,563,171
1976 $2,412,555,426 $527,936,989
1975 $1,960,863,466 $474,618,321
1974 $1,666,544,754 $376,081,124
1973 $1,528,925,846 $345,616,106
1972 $1,238,251,696 $295,106,628
1971 $1,077,147,538 $264,578,485
1970 $984,830,158 $250,728,796
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/malta | CC BY

GDP per capita in Costa Rica vs Malta by year

Costa Rica
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Costa Rica Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $18,587 $31,107 $43,899 $69,864
2023 $16,942 $28,909 $40,906 $67,057
2022 $13,626 $26,226 $35,639 $60,589
2021 $12,838 $23,853 $38,097 $56,852
2020 $12,394 $22,100 $31,823 $49,972
2019 $12,885 $23,340 $32,422 $51,393
2018 $12,590 $21,498 $33,382 $48,178
2017 $12,317 $20,499 $30,317 $45,764
2016 $12,091 $19,202 $26,459 $41,000
2015 $11,715 $17,525 $25,530 $38,369
2014 $10,911 $16,394 $27,425 $35,206
2013 $10,803 $15,232 $25,416 $33,138
2012 $10,127 $14,464 $22,878 $30,716
2011 $9,276 $13,614 $23,517 $29,426
2010 $8,266 $12,928 $21,947 $28,909
2009 $6,833 $12,274 $21,176 $26,782
2008 $6,937 $12,472 $22,315 $26,654
2007 $6,138 $11,842 $19,444 $25,012
2006 $5,257 $10,800 $16,654 $23,219
2005 $4,703 $9,899 $15,831 $22,227
2004 $4,431 $9,365 $15,212 $21,566
2003 $4,173 $8,863 $13,594 $20,813
2002 $4,068 $8,461 $11,251 $19,532
2001 $3,985 $8,190 $10,358 $18,435
2000 $3,813 $7,879 $10,348 $18,214
1999 $3,691 $7,563 $10,609 $16,898
1998 $3,617 $7,306 $10,408 $16,219
1997 $3,408 $6,890 $9,893 $15,465
1996 $3,227 $6,568 $10,062 $14,661
1995 $3,275 $6,515 $9,828 $13,950
1994 $3,040 $6,276 $8,000 $12,938
1993 $2,840 $6,025 $7,296 $12,103
1992 $2,612 $5,635 $8,220 $11,429
1991 $2,253 $5,175 $7,559 $10,784
1990 $1,830 $5,021 $7,192 $10,086
1989 $1,725 - $6,041 -
1988 $1,555 - $5,814 -
1987 $1,567 - $5,084 -
1986 $1,569 - $4,195 -
1985 $1,429 - $3,322 -
1984 $1,372 - $3,333 -
1983 $1,213 - $3,527 -
1982 $1,032 - $3,788 -
1981 $1,068 - $3,898 -
1980 $2,021 - $3,948 -
1979 $1,735 - $3,196 -
1978 $1,556 - $2,559 -
1977 $1,393 - $2,038 -
1976 $1,123 - $1,727 -
1975 $937 - $1,560 -
1974 $817 - $1,245 -
1973 $769 - $1,144 -
1972 $639 - $976 -
1971 $570 - $874 -
1970 $536 - $828 -
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/malta | CC BY

Costa Rica's GDP per capita is $18,587, ranking 62/197, compared to $43,899 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 72nd at $31,107, while Malta ranks 25th at $69,864.

Economic indicators

Costa Rica Malta
Gross domestic product
$95.4B
2024
$25B
2024
GDP rank
73/197
2024
119/197
2024
GDP growth
4.32%
2023-2024
6.8%
2023-2024
GDP per capita
$18,587
2024
$43,899
2024
GDP per capita rank
62/197
2024
28/197
2024
GDP per capita, PPP
$31,107
2024
$69,864
2024
GDP per capita PPP rank
72/197
2024
25/197
2024
Government debt
$57B
2024
$11.5B
2024
Debt-to-GDP ratio
59.8%
2024
46.2%
2024
Government debt per person
$11,106
2024
$20,269
2024
Government debt per person rank
50/185
2024
31/185
2024
Average annual personal income after taxes
$12,150
2026
$23,692
2026
Market capitalization of domestic companies
$2.23B
2022
$4.29B
2024
Income share by richest 10%
34.2%
2024
27.7%
2022
Income share by poorest 10%
1.7%
2024
2.7%
2022
Government expenditure, % of GDP
18.9%
2024
37.3%
2024
Consumer prices inflation
-0.41%
2023-2024
1.65%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
6.94%
2024
3.12%
2024
Population
5181862
581729

Spending and national debt comparison by year

Costa Rica
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Costa Rica Malta
Government spending Government debt Government spending Government debt
2024 18.9% 59.8% 37.3% 46.2%
2023 18.5% 61.1% 36.1% 46.8%
2022 19.2% 63% 38.3% 50.1%
2021 20.8% 67.6% 39.4% 49.6%
2020 22.3% 66.9% 42.1% 48.6%
2019 21.7% 56.4% 34.9% 39.2%
2018 18.9% 51.8% 34.5% 41.4%
2017 19.2% 47.1% 32.7% 45.6%
2016 18.8% 44.1% 35.5% 53.1%
2015 18.8% 39.8% 37.8% 55%
2014 18.4% 37.4% 39.6% 60.7%
2013 18.5% 35.1% 40.1% 64.9%
2012 17.3% 33.7% 41.7% 65.6%
2011 17.2% 29.5% 41.5% 68.9%
2010 18% 28.1% 40.1% 65%
2009 16.7% 26% 41.1% 66%
2008 15.2% 24% 42.1% 61.5%
2007 14.6% 27% 41.2% 62%
2006 15.2% 33% 42.5% 64.5%
2005 15.9% 37.3% 42.5% 70.2%
2004 17% 41% 42% 70.4%
2003 17.6% 40.6% 45.6% 68.6%
2002 18.6% 41.4% 43.6% 65.1%
2001 17.3% 39.6% 44.4% 70%
2000 16.9% 38.9% 42.9% 64.4%
1999 16.7% 39% - 69.8%
1998 16% 40.7% - 66.4%
1997 16.3% 30.6% - 60.8%
1996 17.3% 33.7% - 51.5%
1995 16.4% 29.1% - 45.3%
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/malta | CC BY

In 2024, Costa Rica's government spending was $18B, accounting for 18.9% of its GDP, while Malta spent $9.32B, or 37.3% of GDP.

Debt-to-GDP ratio is 59.8% in Costa Rica and 46.2% in Malta, ranking 79/185 and 118/185, respectively.

Government deficit by year

Deficit/surplus
Costa Rica

Malta
1x
Year Deficit/surplus, % of GDP
Costa Rica Malta
2024 -3.78% -3.58%
2023 -3.25% -4.65%
2022 -2.81% -5.31%
2021 -5.09% -6.95%
2020 -8.38% -8.72%
2019 -6.68% 0.72%
2018 -5.66% 1.86%
2017 -5.88% 3.4%
2016 -5.09% 1.1%
2015 -5.52% -0.84%
2014 -5.45% -1.49%
2013 -5.25% -2.19%
2012 -4.22% -3.31%
2011 -3.91% -2.99%
2010 -4.96% -2.22%
2009 -3.25% -3.11%
2008 0.18% -4.06%
2007 0.56% -2.05%
2006 -1.04% -2.46%
2005 -2.09% -2.83%
2004 -3.42% -4.28%
2003 -3.43% -9.04%
2002 -4.99% -5.62%
2001 -3.47% -6.5%
2000 -3.68% -5.83%
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/malta | 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 Malta's deficit of $893M, or 3.58% of GDP.

Over the past 25 years, Costa Rica recorded a fiscal deficit in 23 of those years, while Malta ran a deficit in 21 years. On average, Costa Rica posted an annual deficit equal to 4.02% of GDP, compared to deficit of 3.24% of GDP for Malta.

Inflation comparison by year

Inflation
Costa Rica

Malta
1x
Year Consumer prices inflation
Costa Rica Malta
2024 -0.41% 1.65%
2023 0.53% 5.09%
2022 8.27% 6.15%
2021 1.73% 1.5%
2020 0.72% 0.64%
2019 2.1% 1.64%
2018 2.22% 1.16%
2017 1.63% 1.36%
2016 -0.02% 0.64%
2015 0.8% 1.1%
2014 4.52% 0.31%
2013 5.23% 1.18%
2012 4.5% 2.38%
2011 4.88% 2.96%
2010 5.66% 1.52%
2009 7.84% 2.08%
2008 13.4% 4.26%
2007 9.36% 1.25%
2006 11.5% 2.77%
2005 13.8% 3.01%
2004 12.3% 2.79%
2003 9.45% 1.3%
2002 9.17% 2.19%
2001 11.3% 2.93%
2000 11% 2.37%
1999 10% 2.13%
1998 11.7% 2.39%
1997 13.2% 3.11%

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

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

Over the past 28 years, Costa Rica has recorded an average annual inflation rate of 6.66%, compared with 2.21% in Malta. In 2024, inflation was -0.41% in Costa Rica and 1.65% in Malta.

Top exports between countries

Costa Rica
Export category Export value
Chemicals & pharma $2.16M
Raw agricultural goods $1.99M
Machinery & equipment $411K
Metals $11K
Textiles & consumer goods $3K
Malta
Export category Export value
Chemicals & pharma $56K
Precious metals & jewellery $14K
Textiles & consumer goods $7K
Machinery & equipment $2K
Metals $1K

Balance of trade

Costa Rica Malta
Current account balance
-$1.25B
2024
$1.78B
2024
Current account balance ranking
129/190
2024
47/190
2024
Current account balance, % of GDP
-1.31%
2024
+7.12%
2024
Goods imports
$23.1B
2024
$7.56B
2024
Goods exports
$20.6B
2024
$4.58B
2024
Service imports
$7.58B
2024
$17.4B
2024
Service exports
$16.3B
2024
$25B
2024
Imports of goods and services, % of GDP
32.8%
2024
99.7%
2024
Exports of goods and services, % of GDP
38.5%
2024
118.5%
2024

Economic freedom indices

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

Costa Rica Malta
Economic freedom 69.1 68.2
Economic freedom ranking 43/197 49/197
Property rights 66 85.5
Government integrity 64.1 54.3
Judicial effectiveness 76.9 80.2
Tax burden 78.6 68.5
Government spending 89.3 58.4
Fiscal health 75.6 63.2
Business freedom 79.9 83.2
Labor freedom 55.9 62.6
Monetary freedom 78.2 73.1
Trade freedom 75 79.4
Investment freedom 50 60
Financial freedom 40 50

Economic freedom comparison by year

Costa Rica
Malta
1x
Year Economic freedom index
Costa Rica Malta
2026 69.1 68.2
2025 68.6 66.8
2024 67.7 64.5
2023 66.5 67.5
2022 65.4 71.5
2021 64.2 70.2
2020 65.8 69.5
2019 65.3 68.6
2018 65.6 68.5
2017 65 67.7
2016 67.4 66.7
2015 67.2 66.5
2014 66.9 66.4
2013 67 67.5
2012 68 67
2011 67.3 65.7
2010 65.9 67.2
2009 66.4 66.1
2008 64.2 66
2007 64 66.1
2006 65.9 67.3
2005 66.1 68.9
2004 66.4 63.3
2003 67 61.1
2002 67.5 62.2
2001 67.6 62.9
2000 68.4 58.3
1999 67.4 59.3
1998 65.6 61.2
1997 65.6 57.9
1996 66.4 55.8
1995 68 56.3

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

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

The Economic Freedom Index for Costa Rica is 69.1, ranking 43/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Costa Rica Malta
Services, % of GDP
68.8%
2024
81.8%
2024
Industry, % of GDP
19.7%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
3.56%
2024
0.23%
2024
GNI, Atlas method
$80.2B
2024
$20.9B
2024
GNI per capita, PPP
$28,840
2024
$61,340
2024
Total reserves including gold
$14.2B
2024
$1.42B
2024
Total reserves ranking
70/177
2024
137/177
2024
Net foreign direct investment
-$4.96B
2024
-$6.13B
2024
Net inflows of foreign direct investment
$5.3B
2024
$42.6B
2024
Net outflows of foreign direct investment
$337M
2024
$36.5B
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
n/a
Poverty at national poverty lines
20.3%
2024
16.7%
2021
Gross capital formation, % of GDP
15.7%
2024
19%
2024

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/malta | 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 (2021–2024, 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.