Remittance inflows to GDP in Costa Rica
Costa Rica: Remittance inflows to GDP was 0.8% in 2020. ◆ Volatile
Remittance inflows to GDP in Costa Rica, 1977–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Costa Rica recorded 0.8% for remittance inflows to gdp in 2020.
The figure is down 1.7% on the previous year and down 40.1% over ten years.
Over the whole period, remittance inflows to gdp in Costa Rica peaked at 2.3% in 2007 and was at its lowest, 0.1%, in 1977.
That places Costa Rica 129th out of 197 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Costa Rica, year by year
| Year | % | Change |
|---|---|---|
| 1977 | 0.1% | — |
| 1978 | 0.1% | +26.4% |
| 1979 | 0.1% | -18.7% |
| 1980 | 0.1% | +26.8% |
| 1981 | 0.1% | +7.8% |
| 1982 | 0.2% | +134.9% |
| 1983 | 0.2% | -21.6% |
| 1984 | 0.2% | +3.8% |
| 1985 | 0.2% | +5.1% |
| 1986 | 0.2% | -5.2% |
| 1987 | 0.2% | +0.0% |
| 1988 | 0.2% | +13.2% |
| 1989 | 0.2% | -3.4% |
| 1990 | 0.2% | +10.3% |
| 1991 | 0.2% | -11.4% |
| 1992 | 0.2% | -11.0% |
| 1993 | 0.2% | +0.7% |
| 1994 | 0.2% | -2.3% |
| 1995 | 1.1% | +553.1% |
| 1996 | 1.1% | +5.2% |
| 1997 | 1.0% | -7.9% |
| 1998 | 0.9% | -9.2% |
| 1999 | 0.9% | -5.2% |
| 2000 | 0.9% | +2.1% |
| 2001 | 1.2% | +37.1% |
| 2002 | 1.5% | +21.7% |
| 2003 | 1.9% | +22.9% |
| 2004 | 1.7% | -7.6% |
| 2005 | 2.1% | +22.2% |
| 2006 | 2.3% | +7.7% |
| 2007 | 2.3% | +1.7% |
| 2008 | 2.0% | -14.6% |
| 2009 | 1.7% | -15.0% |
| 2010 | 1.4% | -15.6% |
| 2011 | 1.2% | -13.7% |
| 2012 | 1.2% | -2.1% |
| 2013 | 1.2% | -1.7% |
| 2014 | 1.1% | -2.5% |
| 2015 | 1.0% | -14.3% |
| 2016 | 0.9% | -5.2% |
| 2017 | 0.9% | -0.1% |
| 2018 | 0.9% | -7.7% |
| 2019 | 0.9% | +0.5% |
| 2020 | 0.8% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.1% | 0.1% | 3 |
| 1980s | 0.2% | 0.1% | 0.2% | 10 |
| 1990s | 0.6% | 0.2% | 1.1% | 10 |
| 2000s | 1.8% | 0.9% | 2.3% | 10 |
| 2010s | 1.1% | 0.9% | 1.4% | 10 |
| 2020s | 0.8% | 0.8% | 0.8% | 1 |
Countries ranked near Costa Rica
More financial sector data for Costa Rica
- Net domestic credit (current LCU), per capita 5.79 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 289.83 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 0.4016 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 11.97 billion SDR (2025)
- Reserves excluding gold 12.48 billion SDR (2025)
- Total reserves (gold at market value) 12.48 billion SDR (2025)
- Total reserves (gold at national valuation) 12.48 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,421 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in Costa Rica?
- Remittance inflows to gdp in Costa Rica was 0.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Costa Rica?
- The highest recorded value was 2.3% in 2007.
- What is the lowest remittance inflows to gdp recorded in Costa Rica?
- The lowest recorded value was 0.1% in 1977.
- How does Costa Rica rank for remittance inflows to gdp?
- Costa Rica ranks 129th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Costa Rica?
- Over the last ten years it is down 40.1%. The long-run trend across the full record is volatile.
- Where does this Costa Rica data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.