Gross domestic product expenditure approach


Gross domestic product expenditure approach /n1
Chained volume at previous year prices, reference 2017
Millions of chained-colones, year to year percent changes and Y/Y contribution

2019

2020

2021

2022

2023

2024

2025

Millions of chained-colones

Added value at market prices (B1b)

33,465,388.2

32,220,430.8

34,551,965.0

36,074,755.4

37,918,745.9

39,323,408.3

40,829,763.2

Taxes on products and imports (net of subsidies)

2,627,618.7

2,332,341.9

2,732,369.7

2,902,380.1

3,050,862.2

3,182,848.3

3,303,854.3

Gross domestic product at market prices

36,094,025.1

34,551,599.5

37,293,532.3

38,990,944.3

40,984,130.9

42,522,089.9

44,150,010.3

DOMESTIC DEMAND

34,928,885.5

33,242,706.7

36,102,116.4

36,347,026.9

37,449,773.3

38,973,115.8

40,510,722.6

Final Consumption Expenditure (P3/P4)

29,171,452.4

27,616,882.8

29,515,880.8

30,267,340.6

31,494,007.5

32,212,022.1

33,236,668.5

Final consumption expenditure of households and NPISHs /n2

23,187,411.0

21,578,917.2

23,379,677.1

23,984,725.2

25,183,926.1

25,848,507.3

26,817,336.6

General Government final consumption expenditure

5,982,683.4

6,033,068.3

6,135,307.6

6,281,646.2

6,287,669.2

6,333,096.1

6,377,375.3

Gross fixed capital formation (P51g)

5,825,607.2

5,629,270.9

6,070,278.8

6,158,686.2

6,688,212.2

7,140,288.0

7,624,014.5

EXPORTS OF GOODS AND SERVICES (P6)

12,305,174.8

10,996,783.2

12,749,002.1

15,107,679.2

16,612,300.4

17,504,610.8

18,582,185.4

Exports of goods FOB (P61)

6,718,229.0

6,724,463.9

8,090,926.5

8,639,647.0

9,709,790.2

10,367,681.7

11,118,881.9

Exports of services (P62)

5,587,661.9

4,273,592.9

4,664,443.5

6,441,123.3

6,879,738.4

7,127,133.5

7,469,762.7

IMPORTS OF GOODS AND SERVICES (P6)

11,150,876.7

9,709,146.9

11,577,791.6

12,517,649.6

13,167,360.1

14,025,698.3

14,985,432.8

Imports of goods FOB (P71)

8,630,372.0

7,769,935.3

9,205,354.3

9,524,549.3

9,951,912.2

10,594,645.6

11,422,693.9

Imports of services (P72)

2,525,218.0

1,938,330.8

2,371,792.2

2,992,351.2

3,219,895.8

3,436,088.3

3,566,251.7

CHANGES IN INVENTORIES TO GDP /n3

-0.2

0.0

1.4

0.1

-0.9

0.0

0.2

Year to year percent changes

Added value at market prices (B1b)

2.6

-3.7

7.2

4.4

5.1

3.7

3.8

Taxes on products and imports (net of subsidies)

0.4

-11.2

17.2

6.2

5.1

4.3

3.8

Gross domestic product at market prices

2.4

-4.3

7.9

4.6

5.1

3.8

DOMESTIC DEMAND

0.2

-4.8

8.6

0.7

3.0

4.1

3.9

Final Consumption Expenditure (P3/P4)

2.5

-5.3

6.9

2.5

4.1

2.3

3.2

Final consumption expenditure of households and NPISHs

1.7

-6.9

8.3

2.6

5.0

2.6

3.7

General Government final consumption expenditure

5.9

0.8

1.7

2.4

0.1

0.7

Gross fixed capital formation (P51g)

-8.2

-3.4

7.8

1.5

8.6

6.8

EXPORTS OF GOODS AND SERVICES (P6)

4.3

-10.6

15.9

18.5

10.0

5.4

6.2

Exports of goods FOB (P61)

0.7

0.1

20.3

6.8

12.4

6.8

7.2

Exports of services (P62)

8.9

-23.5

9.1

38.1

6.8

3.6

4.8

IMPORTS OF GOODS AND SERVICES (P6)

-2.3

-12.9

19.2

8.1

5.2

6.5

6.8

Imports of goods FOB (P71)

-4.3

-10.0

18.5

3.5

4.5

6.5

7.8

Imports of services (P72)

5.4

-23.2

22.4

26.2

7.6

6.7

3.8

Y/Y contribution

Added value at market prices (B1b)

2.4

-3.4

6.7

4.1

4.7

3.4

3.5

Taxes on products and imports (net of subsidies)

0.0

-0.8

1.2

0.5

0.4

0.3

Gross domestic product at market prices

2.4

-4.3

7.9

4.6

5.1

3.8

DOMESTIC DEMAND

0.2

-4.7

8.3

0.7

3.0

3.8

3.7

Final Consumption Expenditure (P3/P4)

2.1

-4.3

5.5

2.0

3.2

1.8

2.5

Final consumption expenditure of households and NPISHs

1.1

-4.5

5.2

1.6

3.2

1.7

2.4

General Government final consumption expenditure

1.0

0.1

0.3

0.4

0.0

0.1

Gross fixed capital formation (P51g)

-1.5

-0.5

1.3

0.2

1.5

1.1

Changes in inventories (P52)

-0.3

0.2

1.5

-1.6

-1.7

0.9

0.1

EXPORTS OF GOODS AND SERVICES (P6)

1.4

-3.6

5.1

6.7

4.2

2.1

2.3

Exports of goods FOB (P61)

0.1

0.0

3.9

1.5

3.0

1.5

Exports of services (P62)

1.3

-3.7

1.1

5.2

1.3

0.6

0.8

IMPORTS OF GOODS AND SERVICES (P6)

-0.8

-4.1

5.4

2.8

2.1

2.2

2.3

Imports of goods FOB (P71)

-1.1

-2.4

4.2

1.0

1.4

1.7

2.0

Imports of services (P72)

0.4

-1.6

1.3

1.9

0.7

0.5

0.3

Notes:
n1/ Data are preliminary for 2022-2023. Forecast 2024-2025 used in the April 2024 Monetary Policy Report, approved by the Board of Central Bank of Costa Rica according to the minute of the session 6182-2024 on April 25, 2024.
n2/ Include Non-profit institutions serving households.
n3/ Corresponds to the ratio of the change in inventories to GDP, average prices of the previous year, percentage last 12 months.
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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