Costa Rica vs Nicaragua: Economic Indicators Comparison

Costa Rica with a GDP of $60.1B ranked the 77th largest economy in the world, while Nicaragua ranked 133rd with $13.1B. By GDP 5-years average growth and GDP per capita, Costa Rica and Nicaragua ranked 70th vs 91st and 65th vs 148th, respectively.

Gross Domestic Product & Income

StatCosta RicaNicaragua
GDP$60.1B$13.1B
GDP growth, 1 year2.7%-4%
GDP growth, 5-years average3.5%3%
Population4.9M6.2M
GDP per capita$12k$2k
GDP per capita growth1.62%-5.02%
Purchasing Power Parity conversion factor392.711.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.680.37
GDP per capita, PPP adjusted$18k$5.7k
GNI, Atlas method$57.6B$13.1B
GNI per capita$12k$2k
GNI, PPP adjusted$83.5B$34.9B
GNI per capita, PPP adjusted$17k$5.4k

Financial system and Human development

StatCosta RicaNicaragua
Income Tax Rate25%30%
Corporate Tax Rate30%30%
Inflation, consumer prices2.3%5%
Inflation, GDP deflator2.4%3.4%
Unemployment8.1%4.5%
Economic Freedom Index65.857.2
Personal Freedom Index8.287.41
Human Freedom Index7.817.22
Property Rights Index66.733.5
Judical Effectiveness Index54.419.5
Business Freedom Index66.555.1
Fiscal Health Index39.787.2
Labor Freedom Index5555.5
Investment Freedom Index7060
Financial Freedom Index5050
Trade Freedom Index81.475.4
Monetary Freedom Index81.271.5
Government Spending Index88.477.5
Tax Burden Index78.976.3
Government Integrity Index57.224.3
Corruption Perceptions Index5625
Life expectancy at birth, years79.974.1
Suicide mortality rate, per 100,000 people7.912.2
Mortality caused by road traffic injury, per 100,000 people16.715.3
Intentional homicides, per 100,000 people12.37.4
International tourism, number of arrivals3M1.3M

Government debt & reserves

StatCosta RicaNicaragua
Central government debt, % of GDP53.5%37.2%
External debt stocks, % of GNI49%90.7%
External debt stocks$27.8B$11.6B
Short-term debt, % of total reserves44.9%60.3%
Total debt service, % of exports and primary income18.3%19%
Adjusted net savings including particulate emission damage, % of GNI15.9%14.4%
Gross savings, % of GDP14.7%23.6%
Gross capital formation, % of GDP19%22.9%
Total reserves including gold$7.5B$2.3B
Foreign direct investment net inflows$2.8B$359.2M

Exports, imports and economic structure

StatCosta RicaNicaragua
Exports of goods and services, % of GDP33.7%42%
Imports of goods and services, % of GDP33.2%51.3%
Current account balance (balance of payments)-$1.9B$83M
Revenue excluding grants, % of GDP25.2%16.8%
Grants excluding technical cooperation, BoP$26.1M$162.6M
Personal remittances received$533.5M$1.5B
Industry including construction value added, % of GDP19.5%25.8%
Agriculture, forestry and fishing value added, % of GDP4.6%15.5%
Charges for the use of intellectual property, payments BoP$565.2M$1.9M
Charges for the use of intellectual property, receipts BoP$5.9MN/A
Expense, % of GDP30%16.7%
Government Expenditure, % of GDP19.7%27.4%

Compare with countries close by GDP per capita

Costa Rica vs

CountryGDP
per capita
Population
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M

Nicaragua vs

CountryGDP
per capita
Population
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k