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Economy of Costa Rica vs Saudi Arabia compared: GDP & Debt

Updated on by Georank team

Costa Rica has a GDP of $95.4B compared to $1.24T for Saudi Arabia, ranking 73/197 and 18/197 by economy size, respectively.

Costa Rica has $57B in government debt (59.8% of GDP), compared to $324B (26.2% of GDP) in Saudi Arabia.

Costa Rica vs Saudi Arabia GDP by year

Costa Rica
Saudi Arabia
1x
Year GDP, current $
Costa Rica Saudi Arabia
2024 $95,350,423,177 $1,239,804,533,333
2023 $86,497,941,439 $1,218,584,533,333
2022 $69,243,626,029 $1,239,075,200,000
2021 $64,960,725,734 $982,661,066,667
2020 $62,395,610,760 $767,951,200,000
2019 $64,417,670,521 $888,890,133,333
2018 $62,420,164,992 $886,564,800,000
2017 $60,516,044,657 $741,266,133,333
2016 $58,847,019,610 $689,279,466,667
2015 $56,441,920,821 $693,414,400,000
2014 $52,016,408,854 $787,153,066,667
2013 $50,949,668,842 $769,755,733,333
2012 $47,231,655,432 $751,921,333,333
2011 $42,762,613,699 $680,660,800,000
2010 $37,658,616,952 $528,207,466,667
2009 $30,745,714,313 $429,097,866,667
2008 $30,801,745,700 $519,796,800,000
2007 $26,884,700,709 $415,964,509,673
2006 $22,715,540,324 $376,900,133,511
2005 $20,040,642,477 $328,459,608,764
2004 $18,610,594,846 $258,742,133,333
2003 $17,271,760,507 $215,807,733,333
2002 $16,578,820,687 $189,605,866,667
2001 $15,976,174,337 $184,137,600,000
2000 $15,013,629,662 $189,514,933,333
1999 $14,254,866,285 $161,717,066,667
1998 $13,684,255,947 $146,775,466,667
1997 $12,614,602,382 $165,963,684,913
1996 $11,678,424,507 $158,662,483,311
1995 $11,578,594,260 $143,343,124,166
1994 $10,489,903,725 $135,174,899,866
1993 $9,564,815,975 $132,967,957,276
1992 $8,579,754,758 $137,087,850,467
1991 $7,215,725,487 $132,223,230,975
1990 $5,711,687,787 $117,630,173,565
1989 $5,251,025,767 $95,344,459,279
1988 $4,614,629,898 $88,256,074,766
1987 $4,532,952,047 $85,695,861,148
1986 $4,418,983,871 $86,961,922,765
1985 $3,919,203,960 $103,897,846,494
1984 $3,660,477,856 $119,624,858,116
1983 $3,146,772,631 $129,171,635,311
1982 $2,606,623,555 $153,240,313,858
1981 $2,623,803,096 $184,291,360,139
1980 $4,831,447,001 $164,539,660,725
1979 $4,035,519,323 $111,858,444,786
1978 $3,523,208,810 $80,266,516,687
1977 $3,072,427,013 $74,188,986,586
1976 $2,412,555,426 $64,005,665,722
1975 $1,960,863,466 $46,773,208,643
1974 $1,666,544,754 $45,412,957,746
1973 $1,528,925,846 $14,947,435,499
1972 $1,238,251,696 $9,664,267,087
1971 $1,077,147,538 $7,184,806,909
1970 $984,830,158 $5,377,333,333
1969 $853,630,204 $4,485,777,644
1968 $773,841,494 $4,187,777,711
1967 $699,456,619 $3,257,022,223
1966 $647,305,630 $2,920,555,557
1965 $592,981,162 $2,647,955,558
1964 $542,578,367 $2,371,808,713
1963 $511,902,137 $2,207,393,172
1962 $479,180,824 $2,130,606,532
1961 $490,325,182 $1,920,811,284
1960 $507,513,830 $1,748,124,064

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/costa-rica/saudi-arabia | CC BY

GDP per capita in Costa Rica vs Saudi Arabia by year

Costa Rica
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Costa Rica Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $18,587 $31,107 $35,122 $71,375
2023 $16,942 $28,909 $36,157 $71,565
2022 $13,626 $26,226 $38,510 $71,968
2021 $12,838 $23,853 $31,921 $62,690
2020 $12,394 $22,100 $24,339 $47,518
2019 $12,885 $23,340 $29,567 $59,560
2018 $12,590 $21,498 $29,360 $59,378
2017 $12,317 $20,499 $23,929 $53,120
2016 $12,091 $19,202 $22,268 $49,937
2015 $11,715 $17,525 $23,256 $53,931
2014 $10,911 $16,394 $27,805 $62,578
2013 $10,803 $15,232 $27,865 $62,203
2012 $10,127 $14,464 $28,733 $65,034
2011 $9,276 $13,614 $27,127 $64,125
2010 $8,266 $12,928 $22,028 $58,829
2009 $6,833 $12,274 $17,718 $54,787
2008 $6,937 $12,472 $22,320 $57,236
2007 $6,138 $11,842 $18,596 $55,030
2006 $5,257 $10,800 $17,564 $54,639
2005 $4,703 $9,899 $15,976 $53,548
2004 $4,431 $9,365 $13,154 $51,225
2003 $4,173 $8,863 $11,487 $48,078
2002 $4,068 $8,461 $10,586 $45,466
2001 $3,985 $8,190 $10,805 $47,381
2000 $3,813 $7,879 $11,715 $48,644
1999 $3,691 $7,563 $10,452 $47,495
1998 $3,617 $7,306 $9,836 $48,867
1997 $3,408 $6,890 $11,545 $48,796
1996 $3,227 $6,568 $11,472 $48,569
1995 $3,275 $6,515 $10,786 $48,052
1994 $3,040 $6,276 $10,602 $48,904
1993 $2,840 $6,025 $10,885 $49,503
1992 $2,612 $5,635 $11,730 $50,355
1991 $2,253 $5,175 $11,847 $49,295
1990 $1,830 $5,021 $11,055 $46,214
1989 $1,725 - $9,414 -
1988 $1,555 - $9,165 -
1987 $1,567 - $9,386 -
1986 $1,569 - $10,078 -
1985 $1,429 - $12,745 -
1984 $1,372 - $15,541 -
1983 $1,213 - $17,810 -
1982 $1,032 - $22,454 -
1981 $1,068 - $28,703 -
1980 $2,021 - $27,206 -
1979 $1,735 - $19,612 -
1978 $1,556 - $14,914 -
1977 $1,393 - $14,595 -
1976 $1,123 - $13,313 -
1975 $937 - $10,266 -
1974 $817 - $10,503 -
1973 $769 - $3,640 -
1972 $639 - $2,474 -
1971 $570 - $1,929 -
1970 $536 - $1,509 -
1969 $477 - $1,313 -
1968 $445 - $1,276 -
1967 $414 - $1,032 -
1966 $395 - $961 -
1965 $374 - $904 -
1964 $354 - $840 -
1963 $346 - $812 -
1962 $335 - $813 -
1961 $356 - $760 -
1960 $382 - $718 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/costa-rica/saudi-arabia | CC BY

Costa Rica's GDP per capita is $18,587, ranking 62/197, compared to $35,122 in Saudi Arabia, ranking 33/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 72nd at $31,107, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Costa Rica Saudi Arabia
Gross domestic product
$95.4B
2024
$1.24T
2024
GDP rank
73/197
2024
18/197
2024
GDP growth
4.32%
2023-2024
2%
2023-2024
GDP per capita
$18,587
2024
$35,122
2024
GDP per capita rank
62/197
2024
33/197
2024
GDP per capita, PPP
$31,107
2024
$71,375
2024
GDP per capita PPP rank
72/197
2024
24/197
2024
Government debt
$57B
2024
$324B
2024
Debt-to-GDP ratio
59.8%
2024
26.2%
2024
Government debt per person
$11,106
2024
$9,185
2024
Government debt per person rank
50/185
2024
58/185
2024
Average annual personal income after taxes
$12,150
2026
$23,076
2026
Market capitalization of domestic companies
$2.23B
2022
$2.73T
2024
Number of millionaires n/a
351,855
2025
Number of billionaires n/a
15
2025
Income share by richest 10%
34.2%
2024
n/a
Income share by poorest 10%
1.7%
2024
n/a
Government expenditure, % of GDP
18.9%
2024
29.6%
2024
Consumer prices inflation
-0.41%
2023-2024
1.69%
2023-2024
Central bank interest rate
3.5%
2025
4.25%
2025
Unemployment rate
6.94%
2024
3.52%
2024
Population
5181862
36734925

Spending and national debt comparison by year

Costa Rica
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Costa Rica Saudi Arabia
Government spending Government debt Government spending Government debt
2024 18.9% 59.8% 29.6% 26.2%
2023 18.5% 61.1% 28.3% 23%
2022 19.2% 63% 25.3% 21.3%
2021 20.8% 67.6% 28.2% 25.5%
2020 22.3% 66.9% 37.4% 29.7%
2019 21.7% 56.4% 31.8% 20.3%
2018 18.9% 51.8% 32.4% 16.8%
2017 19.2% 47.1% 30.9% 15.9%
2016 18.8% 44.1% 33.3% 12.2%
2015 18.8% 39.8% 38.5% 5.47%
2014 18.4% 37.4% 38.6% 1.5%
2013 18.5% 35.1% 34.5% 2.08%
2012 17.3% 33.7% 32.5% 2.97%
2011 17.2% 29.5% 32.4% 5.31%
2010 18% 28.1% 33% 8.43%
2009 16.7% 26% 37.1% 14%
2008 15.2% 24% 26.7% 12.1%
2007 14.6% 27% 29.5% 17.1%
2006 15.2% 33% 27.3% 25.8%
2005 15.9% 37.3% 28.2% 37.3%
2004 17% 41% 31.1% 62.9%
2003 17.6% 40.6% 33.1% 81.6%
2002 18.6% 41.4% 35.9% 96.4%
2001 17.3% 39.6% 36.9% 93.1%
2000 16.9% 38.9% 33.1% 86.7%
1999 16.7% 39% 30.3% 103%
1998 16% 40.7% 34.5% 101.5%
1997 16.3% 30.6% 35.6% 76.7%
1996 17.3% 33.7% 33.3% 75.2%
1995 16.4% 29.1% 32.4% 74.2%
1994 17.4% 27% 33.8% 67.9%
1993 13.8% 24.4% 37.7% 58.6%
1992 13.7% 23.3% 41.2% 47.8%
1991 14% 28.4% 34.9% 39.4%
1990 18.9% 18.5% 39.3% -
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/saudi-arabia | CC BY

In 2024, Costa Rica's government spending was $18B, accounting for 18.9% of its GDP, while Saudi Arabia spent $367B, or 29.6% of GDP.

Debt-to-GDP ratio is 59.8% in Costa Rica and 26.2% in Saudi Arabia, ranking 79/185 and 163/185, respectively.

Government deficit by year

Deficit/surplus
Costa Rica

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Costa Rica Saudi Arabia
2024 -3.78% -2.49%
2023 -3.25% -1.77%
2022 -2.81% 2.24%
2021 -5.09% -1.99%
2020 -8.38% -10.2%
2019 -6.68% -3.96%
2018 -5.66% -5.21%
2017 -5.88% -8.57%
2016 -5.09% -13.2%
2015 -5.52% -14.9%
2014 -5.45% -3.4%
2013 -5.25% 5.47%
2012 -4.22% 11.7%
2011 -3.91% 11.4%
2010 -4.96% 4.39%
2009 -3.25% -5.38%
2008 0.18% 29.8%
2007 0.56% 11.8%
2006 -1.04% 20.8%
2005 -2.09% 18%
2004 -3.42% 9.72%
2003 -3.43% 1.2%
2002 -4.99% -5.91%
2001 -3.47% -3.91%
2000 -3.68% 3.18%
1999 -2.88% -5.99%
1998 -2.96% -8.88%
1997 -3.39% -2.51%
1996 -4.32% -3.25%
1995 -3.68% -5.12%
1994 -5.46% -8.31%
1993 -1.52% -9.33%
1992 -1.51% -8.12%
1991 -2.41% -3.28%
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/saudi-arabia | 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 Saudi Arabia's deficit of $30.9B, or 2.49% of GDP.

Over the past 34 years, Costa Rica recorded a fiscal deficit in 32 of those years, while Saudi Arabia ran a deficit in 22 years. On average, Costa Rica posted an annual deficit equal to 3.79% of GDP, compared to deficit of 0.18% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Costa Rica

Saudi Arabia
1x
Year Consumer prices inflation
Costa Rica Saudi Arabia
2024 -0.41% 1.69%
2023 0.53% 2.33%
2022 8.27% 2.47%
2021 1.73% 3.06%
2020 0.72% 3.37%
2019 2.1% -1.19%
2018 2.22% 2.47%
2017 1.63% -0.83%
2016 -0.02% 2.05%
2015 0.8% 1.22%
2014 4.52% 2.24%
2013 5.23% 3.51%
2012 4.5% 2.87%
2011 4.88% 5.83%
2010 5.66% 5.34%
2009 7.84% 5.06%
2008 13.4% 9.87%
2007 9.36% 4.17%
2006 11.5% 2.21%
2005 13.8% 0.48%
2004 12.3% 0.52%
2003 9.45% 0.61%
2002 9.17% 0.25%
2001 11.3% -1.12%
2000 11% -1.12%
1999 10% -1.33%
1998 11.7% -0.37%
1997 13.2% 0.06%

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

GeoRank.org/economy/costa-rica/saudi-arabia | CC BY

Over the past 28 years, Costa Rica has recorded an average annual inflation rate of 6.66%, compared with 1.99% in Saudi Arabia. In 2024, inflation was -0.41% in Costa Rica and 1.69% in Saudi Arabia.

Top exports between countries

Costa Rica
Export category Export value
Raw agricultural goods $24.2M
Machinery & equipment $1.87M
Processed food, beverages & tobacco $207K
Chemicals & pharma $88K
Metals $64K
Wood & paper products $41K
Raw materials & minerals $10K
Textiles & consumer goods $1K
Saudi Arabia
Export category Export value
Raw materials & minerals $85.7M
Chemicals & pharma $4.62M
Wood & paper products $427K
Metals $256K
Processed food, beverages & tobacco $86K
Machinery & equipment $13K

Balance of trade

Costa Rica Saudi Arabia
Current account balance
-$1.25B
2024
-$16.3B
2024
Current account balance ranking
129/190
2024
180/190
2024
Current account balance, % of GDP
-1.31%
2024
-1.31%
2024
Goods imports
$23.1B
2024
$214B
2024
Goods exports
$20.6B
2024
$306B
2024
Service imports
$7.58B
2024
$125B
2024
Service exports
$16.3B
2024
$62.8B
2024
Imports of goods and services, % of GDP
32.8%
2024
25.6%
2024
Exports of goods and services, % of GDP
38.5%
2024
29.1%
2024

Economic freedom indices

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

Costa Rica Saudi Arabia
Economic freedom 69.1 65.4
Economic freedom ranking 43/197 65/197
Property rights 66 51.4
Government integrity 64.1 52.7
Judicial effectiveness 76.9 38.2
Tax burden 78.6 99.2
Government spending 89.3 77
Fiscal health 75.6 97.9
Business freedom 79.9 71.2
Labor freedom 55.9 41.8
Monetary freedom 78.2 81.2
Trade freedom 75 73.8
Investment freedom 50 50
Financial freedom 40 50

Economic freedom comparison by year

Costa Rica
Saudi Arabia
1x
Year Economic freedom index
Costa Rica Saudi Arabia
2026 69.1 65.4
2025 68.6 64.4
2024 67.7 61.9
2023 66.5 58.3
2022 65.4 55.5
2021 64.2 66
2020 65.8 62.4
2019 65.3 60.7
2018 65.6 59.6
2017 65 64.4
2016 67.4 62.1
2015 67.2 62.1
2014 66.9 62.2
2013 67 60.6
2012 68 62.5
2011 67.3 66.2
2010 65.9 64.1
2009 66.4 64.3
2008 64.2 62.5
2007 64 60.9
2006 65.9 63
2005 66.1 63
2004 66.4 60.4
2003 67 63.2
2002 67.5 65.3
2001 67.6 62.2
2000 68.4 66.5
1999 67.4 65.5
1998 65.6 69.3
1997 65.6 68.7
1996 66.4 68.3
1995 68 -

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

GeoRank.org/economy/costa-rica/saudi-arabia | CC BY

The Economic Freedom Index for Costa Rica is 69.1, ranking 43/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Costa Rica Saudi Arabia
Services, % of GDP
68.8%
2024
47.1%
2024
Industry, % of GDP
19.7%
2024
44.9%
2024
Agriculture, forestry, and fishing, % of GDP
3.56%
2024
2.54%
2024
GNI, Atlas method
$80.2B
2024
$1.26T
2024
GNI per capita, PPP
$28,840
2024
$71,730
2024
Total reserves including gold
$14.2B
2024
$464B
2024
Total reserves ranking
70/177
2024
7/177
2024
Net foreign direct investment
-$4.96B
2024
$6.27B
2024
Net inflows of foreign direct investment
$5.3B
2024
$21.3B
2024
Net outflows of foreign direct investment
$337M
2024
$27.6B
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
n/a
Poverty at national poverty lines
20.3%
2024
n/a
Gross capital formation, % of GDP
15.7%
2024
30.2%
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/saudi-arabia | 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 (2023–2024, 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.