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Economy of Costa Rica vs Sao Tome and Principe compared: GDP & Debt

Updated on by Georank

Costa Rica has a GDP of $103B compared to $981M for Sao Tome and Principe, ranking 74/197 and 189/197 by economy size, respectively.

Costa Rica has $62.2B in government debt (60.4% of GDP), compared to $546M (55.7% of GDP) in Sao Tome and Principe.

Costa Rica vs Sao Tome and Principe GDP by year

Costa Rica
Sao Tome and Principe
1x
Year GDP, current $
Costa Rica Sao Tome
2025 $102,904,921,157 $981,293,587
2024 $96,715,644,331 $824,992,558
2023 $87,512,637,056 $690,456,807
2022 $71,001,226,361 $540,809,499
2021 $65,588,938,787 $524,402,456
2020 $62,806,591,555 $471,229,485
2019 $64,753,504,730 $412,976,083
2018 $62,567,765,946 $383,717,328
2017 $60,516,044,661 $322,002,845
2016 $58,847,019,588 $292,267,272
2015 $56,441,920,888 $259,999,643
2014 $52,016,408,816 $293,119,143
2013 $50,949,668,763 $267,041,748
2012 $47,231,655,493 $229,371,348
2011 $42,762,613,785 $226,455,001
2010 $37,658,616,966 $190,021,192
2009 $30,745,714,234 $200,668,065
2008 $30,801,745,703 $188,021,165
2007 $26,884,700,688 $149,146,919
2006 $22,715,540,342 $142,775,104
2005 $20,040,642,421 $136,450,662
2004 $18,610,594,844 $114,582,284
2003 $17,271,760,397 $102,085,769
2002 $16,578,820,799 $85,171,074
2001 $15,976,174,476 $75,951,133
2000 $15,013,629,579 $76,198,395
1999 $14,254,866,284 $77,302,212
1998 $13,684,255,998 $72,285,404
1997 $12,614,602,322 $91,920,274
1996 $11,678,424,727 $135,188,166
1995 $11,578,594,333 $103,695,237
1994 $10,489,903,834 $131,338,415
1993 $9,564,816,063 $125,742,229
1992 $8,579,754,953 $94,861,781
1991 $7,215,725,635 $107,484,143
1990 $5,711,687,787 $119,297,933
1989 $5,251,025,767 $98,545,367
1988 $4,614,629,898 $99,000,764
1987 $4,532,952,047 $115,952,925
1986 $4,418,983,871 $115,928,907
1985 $3,919,203,960 $82,733,069
1984 $3,660,477,856 $78,213,796
1983 $3,146,772,631 $75,110,289
1982 $2,606,623,555 $80,307,763
1981 $2,623,803,096 $83,499,264
1980 $4,831,447,001 $81,662,231
1979 $4,035,519,323 $65,755,928
1978 $3,523,208,810 $55,044,563
1977 $3,072,427,013 $49,207,692
1976 $2,412,555,426 $52,039,421
1975 $1,960,863,466 $60,101,710
1974 $1,666,544,754 $57,817,591
1973 $1,528,925,846 $56,011,245
1972 $1,238,251,696 $41,430,257
1971 $1,077,147,538 $37,288,845
1970 $984,830,158 $37,211,826
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/costa-rica/sao-tome-and-principe | CC BY

GDP per capita in Costa Rica vs Sao Tome and Principe by year

Costa Rica
GDP per capita

GDP per capita, PPP
Sao Tome and Principe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Costa Rica Sao Tome
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,970 - $4,084 -
2024 $18,853 $31,107 $3,503 $6,242
2023 $17,141 $28,909 $2,991 $6,150
2022 $13,972 $26,226 $2,390 $6,034
2021 $12,962 $23,853 $2,363 $5,733
2020 $12,476 $22,100 $2,167 $5,145
2019 $12,952 $23,340 $1,935 $4,655
2018 $12,620 $21,498 $1,826 $3,941
2017 $12,317 $20,499 $1,556 $3,436
2016 $12,091 $19,202 $1,435 $3,320
2015 $11,715 $17,525 $1,298 $3,172
2014 $10,911 $16,394 $1,490 $3,233
2013 $10,803 $15,232 $1,383 $2,946
2012 $10,127 $14,464 $1,211 $2,653
2011 $9,276 $13,614 $1,220 $2,914
2010 $8,266 $12,928 $1,045 $2,859
2009 $6,833 $12,274 $1,128 $2,846
2008 $6,937 $12,472 $1,082 $2,802
2007 $6,138 $11,842 $879 $2,650
2006 $5,257 $10,800 $862 $2,551
2005 $4,703 $9,899 $844 $2,329
2004 $4,431 $9,365 $727 $2,171
2003 $4,173 $8,863 $664 $2,094
2002 $4,068 $8,461 $568 $1,945
2001 $3,985 $8,190 $519 $1,898
2000 $3,813 $7,879 $529 $1,830
1999 $3,691 $7,563 $543 $1,802
1998 $3,617 $7,306 $514 $1,754
1997 $3,408 $6,890 $662 $1,714
1996 $3,227 $6,568 $987 $1,693
1995 $3,275 $6,515 $769 $1,663
1994 $3,040 $6,276 $990 $1,623
1993 $2,840 $6,025 $964 $1,581
1992 $2,612 $5,635 $740 $1,556
1991 $2,253 $5,175 $855 $1,540
1990 $1,830 $5,021 $970 $1,504
1989 $1,725 - $821 -
1988 $1,555 - $847 -
1987 $1,567 - $1,018 -
1986 $1,569 - $1,043 -
1985 $1,429 - $761 -
1984 $1,372 - $735 -
1983 $1,213 - $720 -
1982 $1,032 - $783 -
1981 $1,068 - $830 -
1980 $2,021 - $829 -
1979 $1,735 - $683 -
1978 $1,556 - $587 -
1977 $1,393 - $539 -
1976 $1,123 - $585 -
1975 $937 - $693 -
1974 $817 - $683 -
1973 $769 - $676 -
1972 $639 - $511 -
1971 $570 - $470 -
1970 $536 - $479 -
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/costa-rica/sao-tome-and-principe | CC BY

Costa Rica's GDP per capita is $19,970, ranking 59/197, compared to $4,084 in Sao Tome and Principe, ranking 132/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 72nd at $31,107, while Sao Tome and Principe ranks 151st at $6,242.

Economic indicators

Costa Rica Sao Tome
Gross domestic product
$103B
2025
$981M
2025
GDP rank
74/197
2025
189/197
2025
GDP growth
4.56%
2024-2025
1.03%
2024-2025
GDP per capita
$19,970
2025
$4,084
2025
GDP per capita rank
59/197
2025
132/197
2025
GDP per capita, PPP
$31,107
2024
$6,242
2024
GDP per capita PPP rank
72/197
2024
151/197
2024
Government debt
$62.2B
2025
$546M
2025
Debt-to-GDP ratio
60.4%
2025
55.7%
2025
Government debt per person
$12,064
2025
$2,275
2025
Government debt per person rank
51/185
2025
115/185
2025
Average annual personal income after taxes
$12,879
2026
$3,249
2026
Market capitalization of domestic companies
$2.23B
2022
n/a
Income share by richest 10%
34.3%
2025
32.8%
2017
Income share by poorest 10%
1.8%
2025
2.6%
2017
Government expenditure, % of GDP
17.8%
2025
21.2%
2025
Consumer prices inflation
-0.07%
2024-2025
0.9%
2024-2025
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
6.34%
2025
6.66%
2017
Population
5186356
247495

Spending and national debt comparison by year

Costa Rica
Spending

Debt
Sao Tome and Principe
Spending

Debt
1x
Year % of GDP
Costa Rica Sao Tome
Government spending Government debt Government spending Government debt
2025 17.8% 60.4% 21.2% 55.7%
2024 18.6% 58.9% 23.8% 65.2%
2023 18.3% 60.4% 23.9% 73.2%
2022 18.7% 61.4% 27.7% 86.8%
2021 20.6% 67% 25.6% 85.1%
2020 22.1% 66.5% 23.2% 91%
2019 21.6% 56.1% 22.8% 98.6%
2018 18.9% 51.7% 28% 95.9%
2017 19.2% 47.1% 31.9% 92.3%
2016 18.8% 44.1% 38.3% 104.6%
2015 18.8% 39.8% 41.6% 101.1%
2014 18.4% 37.4% 36% 92.5%
2013 18.5% 35.1% 35.5% 76.8%
2012 17.3% 33.7% 50.5% 59.6%
2011 17.2% 29.5% 53.4% 86%
2010 18% 28.1% 51.7% 83%
2009 16.7% 26% 48.6% 70.3%
2008 15.2% 24% 30.4% 60.7%
2007 14.6% 27% 38.9% 110.1%
2006 15.2% 33% 32.5% 283.2%
2005 15.9% 37.3% 43.7% 334%
2004 17% 41% 60.6% 354%
2003 17.6% 40.6% 51.9% 329%
2002 18.6% 41.4% 44.3% 367%
2001 17.3% 39.6% 52.8% 418%
2000 16.9% 38.9% 10.7% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

GeoRank.org/economy/costa-rica/sao-tome-and-principe | CC BY

In 2025, Costa Rica's government spending was $18.3B, accounting for 17.8% of its GDP, while Sao Tome and Principe spent $208M, or 21.2% of GDP.

Debt-to-GDP ratio is 60.4% in Costa Rica and 55.7% in Sao Tome and Principe, ranking 77/185 and 88/185, respectively.

Government deficit by year

Deficit/surplus
Costa Rica

Sao Tome and Principe
1x
Year Deficit/surplus, % of GDP
Costa Rica Sao Tome
2025 -3.35% -2.53%
2024 -3.73% 0.92%
2023 -3.21% -2.13%
2022 -2.74% -2.24%
2021 -5.04% -1.52%
2020 -8.32% 2.94%
2019 -6.65% -0.07%
2018 -5.65% -2.02%
2017 -5.88% -3.11%
2016 -5.09% -5.01%
2015 -5.52% -7.6%
2014 -5.45% -6.27%
2013 -5.25% 2.13%
2012 -4.22% -12.3%
2011 -3.91% -13%
2010 -4.96% -12.1%
2009 -3.25% -18%
2008 0.18% 13.6%
2007 0.56% 125.1%
2006 -1.04% 18%
2005 -2.09% 26.8%
2004 -3.42% -25.1%
2003 -3.43% -15.9%
2002 -4.99% -10.4%
2001 -3.47% -13.5%
2000 -3.68% 51.5%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1956–1989, retrieved 2026-07-08).

GeoRank.org/economy/costa-rica/sao-tome-and-principe | 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 Sao Tome and Principe's deficit of $24.8M, or 2.53% of GDP.

Over the past 26 years, Costa Rica recorded a fiscal deficit in 24 of those years, while Sao Tome and Principe ran a deficit in 18 years. On average, Costa Rica posted an annual deficit equal to 3.98% of GDP, compared to surplus of 3.39% of GDP for Sao Tome and Principe.

Inflation comparison by year

Inflation
Costa Rica

Sao Tome and Principe
1x
Year Consumer prices inflation
Costa Rica Sao Tome
2025 -0.07% 0.9%
2024 -0.41% 14.4%
2023 0.53% 21.1%
2022 8.27% 18.1%
2021 1.73% 8.1%
2020 0.72% 9.8%
2019 2.1% 7.7%
2018 2.22% 7.9%
2017 1.63% 5.7%
2016 -0.02% 5.4%
2015 0.8% 6.1%
2014 4.52% 7%
2013 5.23% 8.1%
2012 4.5% 10.6%
2011 4.88% 14.3%
2010 5.66% 13.3%
2009 7.84% 17%
2008 13.4% 32%
2007 9.36% 18.6%
2006 11.5% 23.1%
2005 13.8% 17.2%
2004 12.3% 13.3%
2003 9.45% 9.8%
2002 9.17% 10.1%
2001 11.3% 9.2%
2000 11% 11%
1999 10% 11%
1998 11.7% 42.1%
1997 13.2% 69%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/costa-rica/sao-tome-and-principe | CC BY

Over the past 29 years, Costa Rica has recorded an average annual inflation rate of 6.42%, compared with 15.2% in Sao Tome and Principe. In 2025, inflation was -0.07% in Costa Rica and 0.9% in Sao Tome and Principe.

Top exports between countries

Costa Rica
Export category Export value
Wood & paper products $5K
Chemicals & pharma $2K
Miscellaneous $1K
Sao Tome
Export category Export value

Balance of trade

Costa Rica Sao Tome
Current account balance
-$687M
2025
$41.5M
2024
Current account balance ranking
108/190
2025
68/190
2024
Current account balance, % of GDP
-0.67%
2025
+5.03%
2024
Goods imports
$24.4B
2025
$153M
2024
Goods exports
$23.5B
2025
$29.3M
2024
Service imports
$8.64B
2025
$83M
2024
Service exports
$18.1B
2025
$88.2M
2024
Imports of goods and services, % of GDP
32.6%
2025
33.3%
2025
Exports of goods and services, % of GDP
38.8%
2025
13.3%
2025

Economic freedom indices

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

Costa Rica Sao Tome
Economic freedom 69.1 60.6
Economic freedom ranking 43/197 93/197
Property rights 66 55.2
Government integrity 64.1 47.2
Judicial effectiveness 76.9 60.8
Tax burden 78.6 88.6
Government spending 89.3 80.6
Fiscal health 75.6 89.5
Business freedom 79.9 59.9
Labor freedom 55.9 40.8
Monetary freedom 78.2 59.4
Trade freedom 75 65
Investment freedom 50 50
Financial freedom 40 30

Economic freedom comparison by year

Costa Rica
Sao Tome and Principe
1x
Year Economic freedom index
Costa Rica Sao Tome
2026 69.1 60.6
2025 68.6 60.4
2024 67.7 60.5
2023 66.5 61.5
2022 65.4 60.3
2021 64.2 55.9
2020 65.8 56.2
2019 65.3 54
2018 65.6 53.6
2017 65 55.4
2016 67.4 56.7
2015 67.2 53.3
2014 66.9 48.8
2013 67 48
2012 68 50.2
2011 67.3 49.5
2010 65.9 48.8
2009 66.4 43.8
2008 64.2 -
2007 64 -
2006 65.9 -
2005 66.1 -
2004 66.4 -
2003 67 -
2002 67.5 -
2001 67.6 -
2000 68.4 -
1999 67.4 -
1998 65.6 -
1997 65.6 -
1996 66.4 -
1995 68 -

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

GeoRank.org/economy/costa-rica/sao-tome-and-principe | CC BY

The Economic Freedom Index for Costa Rica is 69.1, ranking 43/197, compared to 60.6 for Sao Tome and Principe, ranking 93/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Costa Rica Sao Tome
Services, % of GDP
69.2%
2025
81.4%
2025
Industry, % of GDP
19.9%
2025
2.23%
2025
Agriculture, forestry, and fishing, % of GDP
3.37%
2025
12.2%
2025
GNI, Atlas method
$92.4B
2025
$913M
2025
GNI per capita, PPP
$30,760
2025
$6,920
2025
Total reserves including gold
$17.1B
2025
$58.8M
2024
Total reserves ranking
70/177
2025
175/177
2024
Net foreign direct investment
-$5.12B
2025
$20.5M
2024
Net inflows of foreign direct investment
$5.4B
2024
-$16.7M
2024
Net outflows of foreign direct investment
$337M
2024
$3.83M
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
0.62%
2024
Poverty at national poverty lines
17.1%
2025
66.2%
2020
Gross capital formation, % of GDP
15.8%
2025
8.74%
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/sao-tome-and-principe | 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)
  9. Central Intelligence Agency (CIA) (2020, 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.