Gross domestic product expenditure approach


Gross domestic product expenditure approach /n1
Millions of colones at current prices, share of GDP and year to year percent changes

2020

2021

2022

2023

2024

2025

2026

Millions of Colones

Added value at market prices (B1b)

33,920,318.1

37,121,434.2

41,256,416.8

43,413,500.4

45,212,541.6

48,382,809.4

51,842,796.5

Taxes on products and imports (net of subsidies)

2,574,927.9

3,205,191.8

3,553,613.8

3,645,771.8

3,903,393.2

4,117,139.3

4,394,391.9

Gross domestic product at market prices

36,495,246.1

40,326,625.9

44,810,030.6

47,059,272.2

49,115,934.7

52,499,948.7

56,237,188.4

DOMESTIC DEMAND

35,154,735.9

39,693,065.7

43,652,650.4

44,537,241.1

46,300,327.3

49,531,522.7

53,133,466.9

Final Consumption Expenditure (P3/P4)

29,255,989.3

32,199,658.8

35,722,469.7

37,357,599.1

38,604,339.4

40,931,726.3

43,483,275.0

Final consumption expenditure of households and NPISHs /n2

22,794,603.8

25,533,345.8

28,823,571.8

30,358,241.3

31,394,858.2

33,420,532.5

35,722,408.1

General Government final consumption expenditure

6,461,385.5

6,666,313.1

6,898,898.0

6,999,357.8

7,209,481.2

7,511,193.7

7,760,867.0

Gross fixed capital formation (P51g)

5,900,607.4

6,801,605.8

7,595,464.6

7,613,906.6

7,772,854.0

8,459,542.8

9,269,114.6

Changes in inventories (P52)

-1,860.8

691,801.0

334,716.1

-434,264.7

-76,866.2

140,253.7

381,077.3

EXPORTS OF GOODS AND SERVICES (P6)

11,644,354.8

14,588,704.2

19,001,781.3

18,313,413.2

18,925,250.8

20,315,025.0

21,882,972.4

Exports of goods FOB (P61)

7,073,282.6

9,127,968.9

10,731,940.9

10,225,783.7

10,573,354.6

11,436,382.3

12,401,542.8

Exports of services (P62)

4,571,072.2

5,460,735.3

8,269,840.4

8,087,629.5

8,351,896.2

8,878,642.7

9,481,429.6

IMPORTS OF GOODS AND SERVICES (P6)

10,303,844.6

13,955,143.9

17,844,401.1

15,791,382.1

16,109,643.4

17,346,599.0

18,779,250.9

Imports of goods FOB (P71)

8,257,665.0

11,095,900.3

13,817,886.3

12,070,622.0

12,065,253.8

13,126,198.3

14,216,607.8

Imports of services (P72)

2,046,179.6

2,859,243.6

4,026,514.9

3,720,760.1

4,044,389.6

4,220,400.8

4,562,643.1

Share of GDP

Value Added at basic prices (B1b)

92.9

92.1

92.3

92.1

92.2

Taxes on products and imports (net of subsidies)

7.1

7.9

7.7

7.9

7.8

Gross domestic product at market prices

100.0

DOMESTIC DEMAND

96.3

98.4

97.4

94.6

94.3

94.5

Final Consumption Expenditure (P3/P4)

80.2

79.8

79.7

79.4

78.6

78.0

77.3

Final consumption expenditure of households and NPISHs

62.5

63.3

64.3

64.5

63.9

63.7

63.5

General Government final consumption expenditure

17.7

16.5

15.4

14.9

14.7

14.3

13.8

Gross fixed capital formation (P51g)

16.2

16.9

17.0

16.2

15.8

16.1

16.5

Changes in inventories (P52)

0.0

1.7

0.7

-0.9

-0.2

0.3

0.7

EXPORTS OF GOODS AND SERVICES (P6)

31.9

36.2

42.4

38.9

38.5

38.7

38.9

Exports of goods FOB (P61)

19.4

22.6

23.9

21.7

21.5

21.8

22.1

Exports of services (P62)

12.5

13.5

18.5

17.2

17.0

16.9

IMPORTS OF GOODS AND SERVICES (P6)

28.2

34.6

39.8

33.6

32.8

33.0

33.4

Imports of goods FOB (P71)

22.6

27.5

30.8

25.6

24.6

25.0

25.3

Imports of services (P72)

5.6

7.1

9.0

7.9

8.2

8.0

8.1

Year to year percent changes

Added value at market prices (B1b)

-3.2

9.4

11.1

5.2

4.1

7.0

7.2

Taxes on products and imports (net of subsidies)

-7.5

24.5

10.9

2.6

7.1

5.5

6.7

Gross domestic product at market prices

-3.5

10.5

11.1

5.0

4.4

6.9

7.1

DOMESTIC DEMAND

-4.3

12.9

10.0

2.0

4.0

7.0

7.3

Final Consumption Expenditure (P3/P4)

-4.6

10.1

10.9

4.6

3.3

6.0

6.2

Final consumption expenditure of households and NPISHs

-6.3

12.0

12.9

5.3

3.4

6.5

6.9

General Government final consumption expenditure

2.0

3.2

3.5

1.5

3.0

4.2

3.3

Gross fixed capital formation (P51g)

-4.0

15.3

11.7

0.2

2.1

8.8

9.6

EXPORTS OF GOODS AND SERVICES (P6)

-10.3

25.3

30.2

-3.6

3.3

7.3

7.7

Exports of goods FOB (P61)

-0.2

29.0

17.6

-4.7

3.4

8.2

8.4

Exports of services (P62)

-22.5

19.5

51.4

-2.2

3.3

6.3

6.8

IMPORTS OF GOODS AND SERVICES (P6)

-13.4

35.4

27.9

-11.5

2.0

7.7

8.3

Imports of goods FOB (P71)

-10.6

34.4

24.5

-12.6

0.0

8.8

8.3

Imports of services (P72)

-22.8

39.7

40.8

-7.6

8.7

4.4

8.1

Notes:
n1/ Data are preliminary for 2022-2023-2024. Forecast 2025-2026 used in the January 2025 Monetary Policy Report, approved by the Board of Central Bank of Costa Rica according to the minute of the session 6235-2025 on January 28, 2025.
n2/ / Include Non-profit institutions serving households.
n3/ The codes in brackets correspond to classifications Manual System of Accounts 2008 (SCN2008).
n4/ Data from 1991 to 2016 with the reference year 2017, correspond to a chained time series of the 2012 reference year. This chained process includes changes on either methodological and classification that can produce differences in levels as well as in the percent change when compare to the original 2012 reference year time series, which was in place for that period.

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