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Economy of Costa Rica vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Costa Rica has a GDP of $95.4B compared to $552B for the United Arab Emirates, ranking 73/197 and 27/197 by economy size, respectively.

Costa Rica has $57B in government debt (59.8% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Costa Rica vs United Arab Emirates GDP by year

Costa Rica
United Arab Emirates
1x
Year GDP, current $
Costa Rica UAE
2024 $95,350,423,177 $552,324,846,835
2023 $86,497,941,439 $522,622,191,967
2022 $69,243,626,029 $511,403,403,676
2021 $64,960,725,734 $422,441,388,700
2020 $62,395,610,760 $357,161,878,829
2019 $64,417,670,521 $433,926,208,305
2018 $62,420,164,992 $440,560,108,918
2017 $60,516,044,657 $403,365,010,211
2016 $58,847,019,610 $381,717,086,453
2015 $56,441,920,821 $381,973,042,886
2014 $52,016,408,854 $424,935,874,745
2013 $50,949,668,842 $409,632,675,289
2012 $47,231,655,432 $392,793,464,942
2011 $42,762,613,699 $368,881,143,635
2010 $37,658,616,952 $307,736,419,333
2009 $30,745,714,313 $253,547,358,747
2008 $30,801,745,700 $315,474,615,739
2007 $26,884,700,709 $257,916,133,424
2006 $22,715,540,324 $222,116,541,865
2005 $20,040,642,477 $180,617,467,965
2004 $18,610,594,846 $147,824,370,320
2003 $17,271,760,507 $124,346,358,067
2002 $16,578,820,687 $109,816,201,498
2001 $15,976,174,337 $103,311,640,572
2000 $15,013,629,662 $104,337,372,362
1999 $14,254,866,285 $84,445,473,111
1998 $13,684,255,947 $75,674,336,283
1997 $12,614,602,382 $78,839,008,445
1996 $11,678,424,507 $73,571,233,996
1995 $11,578,594,260 $65,743,666,576
1994 $10,489,903,725 $59,305,093,980
1993 $9,564,815,975 $55,625,170,253
1992 $8,579,754,758 $54,239,171,888
1991 $7,215,725,487 $51,552,165,622
1990 $5,711,687,787 $50,701,443,748
1989 $5,251,025,767 $41,464,995,914
1988 $4,614,629,898 $36,275,674,203
1987 $4,532,952,047 $36,384,908,744
1986 $4,418,983,871 $33,943,612,095
1985 $3,919,203,960 $40,603,650,232
1984 $3,660,477,856 $41,807,954,236
1983 $3,146,772,631 $42,803,323,345
1982 $2,606,623,555 $46,622,718,605
1981 $2,623,803,096 $49,333,424,135
1980 $4,831,447,001 $43,599,160,050
1979 $4,035,519,323 $31,225,659,621
1978 $3,523,208,810 $23,775,764,225
1977 $3,072,427,013 $24,871,775,165
1976 $2,412,555,426 $19,213,158,779
1975 $1,960,863,466 $14,720,728,249
1974 $1,666,544,754 $11,651,505,689
1973 $1,528,925,846 $4,231,243,616
1972 $1,238,251,696 $1,415,086,929
1971 $1,077,147,538 $939,893,600
1970 $984,830,158 $685,986,701
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/united-arab-emirates | CC BY

GDP per capita in Costa Rica vs United Arab Emirates by year

Costa Rica
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Costa Rica UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $18,587 $31,107 $50,274 $79,229
2023 $16,942 $28,909 $49,851 $77,955
2022 $13,626 $26,226 $50,760 $75,072
2021 $12,838 $23,853 $44,119 $68,580
2020 $12,394 $22,100 $37,992 $66,791
2019 $12,885 $23,340 $45,939 $79,816
2018 $12,590 $21,498 $47,135 $77,446
2017 $12,317 $20,499 $43,734 $70,282
2016 $12,091 $19,202 $42,721 $69,987
2015 $11,715 $17,525 $44,910 $73,986
2014 $10,911 $16,394 $52,725 $87,478
2013 $10,803 $15,232 $53,247 $87,526
2012 $10,127 $14,464 $53,142 $89,198
2011 $9,276 $13,614 $51,922 $89,665
2010 $8,266 $12,928 $44,795 $85,120
2009 $6,833 $12,274 $37,803 $84,780
2008 $6,937 $12,472 $50,054 $94,628
2007 $6,138 $11,842 $45,855 $100,813
2006 $5,257 $10,800 $44,343 $106,814
2005 $4,703 $9,899 $38,719 $101,301
2004 $4,431 $9,365 $33,377 $98,661
2003 $4,173 $8,863 $29,660 $92,636
2002 $4,068 $8,461 $27,754 $88,467
2001 $3,985 $8,190 $27,745 $90,370
2000 $3,813 $7,879 $29,866 $92,899
1999 $3,691 $7,563 $25,856 $87,658
1998 $3,617 $7,306 $24,889 $90,229
1997 $3,408 $6,890 $27,983 $96,009
1996 $3,227 $6,568 $28,323 $94,620
1995 $3,275 $6,515 $27,003 $93,702
1994 $3,040 $6,276 $25,473 $89,959
1993 $2,840 $6,025 $25,033 $86,330
1992 $2,612 $5,635 $25,648 $87,509
1991 $2,253 $5,175 $25,691 $87,250
1990 $1,830 $5,021 $26,710 $88,455
1989 $1,725 - $23,167 -
1988 $1,555 - $21,570 -
1987 $1,567 - $23,113 -
1986 $1,569 - $23,132 -
1985 $1,429 - $29,468 -
1984 $1,372 - $32,012 -
1983 $1,213 - $34,650 -
1982 $1,032 - $39,972 -
1981 $1,068 - $44,854 -
1980 $2,021 - $42,925 -
1979 $1,735 - $34,238 -
1978 $1,556 - $29,379 -
1977 $1,393 - $35,020 -
1976 $1,123 - $31,197 -
1975 $937 - $27,117 -
1974 $817 - $23,823 -
1973 $769 - $9,696 -
1972 $639 - $3,675 -
1971 $570 - $2,805 -
1970 $536 - $2,394 -
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/united-arab-emirates | CC BY

Costa Rica's GDP per capita is $18,587, ranking 62/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Costa Rica ranks 72nd at $31,107, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Costa Rica UAE
Gross domestic product
$95.4B
2024
$552B
2024
GDP rank
73/197
2024
27/197
2024
GDP growth
4.32%
2023-2024
3.99%
2023-2024
GDP per capita
$18,587
2024
$50,274
2024
GDP per capita rank
62/197
2024
24/197
2024
GDP per capita, PPP
$31,107
2024
$79,229
2024
GDP per capita PPP rank
72/197
2024
16/197
2024
Government debt
$57B
2024
$193B
2024
Debt-to-GDP ratio
59.8%
2024
34.9%
2024
Government debt per person
$11,106
2024
$17,568
2024
Government debt per person rank
50/185
2024
36/185
2024
Average annual personal income after taxes
$12,150
2026
$40,522
2026
Market capitalization of domestic companies
$2.23B
2022
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
34.2%
2024
20.5%
2018
Income share by poorest 10%
1.7%
2024
2.8%
2018
Government expenditure, % of GDP
18.9%
2024
21.4%
2024
Consumer prices inflation
-0.41%
2023-2024
1.7%
2023-2024
Central bank interest rate
3.5%
2025
3.65%
2025
Unemployment rate
6.94%
2024
1.88%
2024
Population
5181862
11686438

Spending and national debt comparison by year

Costa Rica
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Costa Rica UAE
Government spending Government debt Government spending Government debt
2024 18.9% 59.8% 21.4% 34.9%
2023 18.5% 61.1% 22.7% 31.9%
2022 19.2% 63% 22.7% 31.5%
2021 20.8% 67.6% 25.9% 35.7%
2020 22.3% 66.9% 30.5% 30.1%
2019 21.7% 56.4% 27.4% 25.8%
2018 18.9% 51.8% 25.9% 20.7%
2017 19.2% 47.1% 27.2% 21.2%
2016 18.8% 44.1% 31.7% 18.6%
2015 18.8% 39.8% 26.4% 15.6%
2014 18.4% 37.4% 31.4% 13.5%
2013 18.5% 35.1% 28.9% 15.3%
2012 17.3% 33.7% 27.8% 20.2%
2011 17.2% 29.5% 29.6% 20.4%
2010 18% 28.1% 30.4% 18.3%
2009 16.7% 26% 35% 21.1%
2008 15.2% 24% 22% 8.95%
2007 14.6% 27% 17.7% 8.89%
2006 15.2% 33% 15.6% 5.05%
2005 15.9% 37.3% 15.7% 4.48%
2004 17% 41% 17.7% 4.08%
2003 17.6% 40.6% 20% 3.33%
2002 18.6% 41.4% 21.3% 3.43%
2001 17.3% 39.6% 25.2% 2.69%
2000 16.9% 38.9% 21.8% 3.12%
1999 16.7% 39% 24.3% 4.73%
1998 16% 40.7% 25.8% 4.18%
1997 16.3% 30.6% 22.6% 2.86%
1996 17.3% 33.7% 27.6% 3.48%
1995 16.4% 29.1% 26.1% 5.06%
1994 17.4% 27% 30.1% 5.58%
1993 13.8% 24.4% 31.5% 6.01%
1992 13.7% 23.3% 29.6% 5.31%
1991 14% 28.4% 36% 4.97%
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 (1960–1998, retrieved 2026-02-20).

GeoRank.org/economy/costa-rica/united-arab-emirates | CC BY

In 2024, Costa Rica's government spending was $18B, accounting for 18.9% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 59.8% in Costa Rica and 34.9% in the United Arab Emirates, ranking 79/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Costa Rica

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Costa Rica UAE
2024 -3.78% 6.41%
2023 -3.25% 5.82%
2022 -2.81% 9.8%
2021 -5.09% 3.96%
2020 -8.38% -2.42%
2019 -6.68% 2.5%
2018 -5.66% 3.65%
2017 -5.88% -0.16%
2016 -5.09% -2.95%
2015 -5.52% -6.35%
2014 -5.45% 1.74%
2013 -5.25% 7.99%
2012 -4.22% 8.59%
2011 -3.91% 5.05%
2010 -4.96% 0.52%
2009 -3.25% -6.13%
2008 0.18% 17.6%
2007 0.56% 17.1%
2006 -1.04% 20.2%
2005 -2.09% 16%
2004 -3.42% 6.4%
2003 -3.43% 2.35%
2002 -4.99% -1.24%
2001 -3.47% 1.21%
2000 -3.68% 10.7%
1999 -2.88% 1.31%
1998 -2.96% 1%
1997 -3.39% 6.71%
1996 -4.32% 0.92%
1995 -3.68% 3.58%
1994 -5.46% -1.78%
1993 -1.52% -2.89%
1992 -1.51% 3.34%
1991 -2.41% 3.89%
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/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Costa Rica recorded a fiscal deficit in 32 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Costa Rica posted an annual deficit equal to 3.79% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Costa Rica

United Arab Emirates
1x
Year Consumer prices inflation
Costa Rica UAE
2024 -0.41% 1.7%
2023 0.53% 1.6%
2022 8.27% 4.8%
2021 1.73% -0.1%
2020 0.72% -2.1%
2019 2.1% -1.9%
2018 2.22% 3.1%
2017 1.63% 2%
2016 -0.02% 1.6%
2015 0.8% 4.1%
2014 4.52% 2.3%
2013 5.23% 1.1%
2012 4.5% 0.7%
2011 4.88% 0.9%
2010 5.66% 0.9%
2009 7.84% -4.7%
2008 13.4% 12.3%
2007 9.36% 11.1%
2006 11.5% 9.3%
2005 13.8% 6.2%
2004 12.3% 5%
2003 9.45% 3.1%
2002 9.17% 2.9%
2001 11.3% 2.8%
2000 11% 1.3%
1999 10% 2.1%
1998 11.7% 2%
1997 13.2% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/costa-rica/united-arab-emirates | CC BY

Over the past 28 years, Costa Rica has recorded an average annual inflation rate of 6.66%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was -0.41% in Costa Rica and 1.7% in the United Arab Emirates.

Top exports between countries

Costa Rica
Export category Export value
Processed food, beverages & tobacco $1.36M
Machinery & equipment $717K
Chemicals & pharma $703K
Textiles & consumer goods $679K
Raw agricultural goods $653K
Animal & marine products $222K
Wood & paper products $23K
Metals $6K
Raw materials & minerals $2K
UAE
Export category Export value
Machinery & equipment $11.5M
Chemicals & pharma $4.28M
Raw materials & minerals $1.15M
Metals $939K
Textiles & consumer goods $643K
Raw agricultural goods $133K
Animal & marine products $111K
Processed food, beverages & tobacco $101K
Miscellaneous $22K
Wood & paper products $8K

Balance of trade

Costa Rica UAE
Current account balance
-$1.25B
2024
$80B
2024
Current account balance ranking
129/190
2024
9/190
2024
Current account balance, % of GDP
-1.31%
2024
+14.5%
2024
Goods imports
$23.1B
2024
$400B
2024
Goods exports
$20.6B
2024
$467B
2024
Service imports
$7.58B
2024
$117B
2024
Service exports
$16.3B
2024
$181B
2024
Imports of goods and services, % of GDP
32.8%
2024
92.2%
2023
Exports of goods and services, % of GDP
38.5%
2024
106.8%
2023

Economic freedom indices

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

Costa Rica UAE
Economic freedom 69.1 71.9
Economic freedom ranking 43/197 29/197
Property rights 66 62.9
Government integrity 64.1 65.3
Judicial effectiveness 76.9 34.4
Tax burden 78.6 99.9
Government spending 89.3 85.1
Fiscal health 75.6 97.6
Business freedom 79.9 84.5
Labor freedom 55.9 63.2
Monetary freedom 78.2 81.2
Trade freedom 75 78.6
Investment freedom 50 50
Financial freedom 40 60

Economic freedom comparison by year

Costa Rica
United Arab Emirates
1x
Year Economic freedom index
Costa Rica UAE
2026 69.1 71.9
2025 68.6 71.6
2024 67.7 71.1
2023 66.5 70.9
2022 65.4 70.2
2021 64.2 76.9
2020 65.8 76.2
2019 65.3 77.6
2018 65.6 77.6
2017 65 76.9
2016 67.4 72.6
2015 67.2 72.4
2014 66.9 71.4
2013 67 71.1
2012 68 69.3
2011 67.3 67.8
2010 65.9 67.3
2009 66.4 64.7
2008 64.2 62.6
2007 64 62.6
2006 65.9 62.2
2005 66.1 65.2
2004 66.4 67.2
2003 67 73.4
2002 67.5 73.6
2001 67.6 74.9
2000 68.4 74.2
1999 67.4 71.5
1998 65.6 72.2
1997 65.6 71.9
1996 66.4 71.6
1995 68 -

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

GeoRank.org/economy/costa-rica/united-arab-emirates | CC BY

The Economic Freedom Index for Costa Rica is 69.1, ranking 43/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Costa Rica UAE
Services, % of GDP
68.8%
2024
54.9%
2024
Industry, % of GDP
19.7%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
3.56%
2024
0.77%
2024
GNI, Atlas method
$80.2B
2024
$566B
2024
GNI per capita, PPP
$28,840
2024
$81,530
2024
Total reserves including gold
$14.2B
2024
$238B
2024
Total reserves ranking
70/177
2024
14/177
2024
Net foreign direct investment
-$4.96B
2024
$31.5B
2024
Net inflows of foreign direct investment
$5.3B
2024
$45.6B
2024
Net outflows of foreign direct investment
$337M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
6.31%
2023
n/a
Poverty at national poverty lines
20.3%
2024
19.5%
2020
Gross capital formation, % of GDP
15.7%
2024
26.6%
2023

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/united-arab-emirates | 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 (1956–1998, 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 (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.