Gross domestic product expenditure approach


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

2019

2020

2021

2022

2023

2024

2025

Millions of Colones

Added value at market prices (B1b)

35,047,969.2

33,920,318.1

37,121,434.2

41,256,416.8

43,413,500.4

45,715,627.6

48,986,084.6

Taxes on products and imports (net of subsidies)

2,784,180.6

2,574,927.9

3,205,191.8

3,553,613.8

3,645,771.8

3,892,375.9

4,193,249.3

Gross domestic product at market prices

37,832,149.8

36,495,246.1

40,326,625.9

44,810,030.6

47,059,272.2

49,608,003.5

53,179,333.9

DOMESTIC DEMAND

36,738,757.9

35,154,735.9

39,693,065.7

44,149,569.0

45,039,999.6

47,474,193.4

50,925,587.4

Final Consumption Expenditure (P3/P4)

30,661,369.1

29,255,989.3

32,199,658.8

35,962,546.5

37,792,976.1

39,379,420.1

41,929,545.9

Final consumption expenditure of households and NPISHs /n2

24,324,029.6

22,794,603.8

25,533,345.8

29,063,648.6

30,793,618.3

32,217,283.3

34,648,314.7

General Government final consumption expenditure

6,337,339.4

6,461,385.5

6,666,313.1

6,898,898.0

6,999,357.8

7,162,136.9

7,281,231.2

Gross fixed capital formation (P51g)

6,149,300.6

5,900,607.4

6,801,605.8

7,595,464.6

7,617,318.9

8,042,033.2

8,812,366.4

Changes in inventories (P52)

-71,911.8

-1,860.8

691,801.0

591,557.9

-370,295.4

52,740.1

183,675.0

EXPORTS OF GOODS AND SERVICES (P6)

12,986,007.1

11,644,354.8

14,588,704.2

18,177,885.7

17,547,868.1

18,482,934.8

20,057,730.5

Exports of goods FOB (P61)

7,086,697.1

7,073,282.6

9,127,968.9

10,731,940.9

10,173,322.8

10,738,962.4

11,807,788.8

Exports of services (P62)

5,899,310.0

4,571,072.2

5,460,735.3

7,445,944.8

7,374,545.3

7,743,972.4

8,249,941.7

IMPORTS OF GOODS AND SERVICES (P6)

11,892,615.1

10,303,844.6

13,955,143.9

17,517,424.1

15,528,595.5

16,349,124.7

17,803,984.0

Imports of goods FOB (P71)

9,240,603.1

8,257,665.0

11,095,900.3

13,817,886.3

12,084,390.4

12,696,149.3

13,872,574.3

Imports of services (P72)

2,652,012.1

2,046,179.6

2,859,243.6

3,699,537.8

3,444,205.1

3,652,975.4

3,931,409.7

Share of GDP

Value Added at basic prices (B1b)

92.6

92.9

92.1

92.3

92.2

92.1

Taxes on products and imports (net of subsidies)

7.4

7.1

7.9

7.7

7.8

7.9

Gross domestic product at market prices

100.0

DOMESTIC DEMAND

97.1

96.3

98.4

98.5

95.7

95.8

Final Consumption Expenditure (P3/P4)

81.0

80.2

79.8

80.3

79.4

78.8

Final consumption expenditure of households and NPISHs

64.3

62.5

63.3

64.9

65.4

64.9

65.2

General Government final consumption expenditure

16.8

17.7

16.5

15.4

14.9

14.4

13.7

Gross fixed capital formation (P51g)

16.3

16.2

16.9

17.0

16.2

16.6

Changes in inventories (P52)

-0.2

0.0

1.7

1.3

-0.8

0.1

0.3

EXPORTS OF GOODS AND SERVICES (P6)

34.3

31.9

36.2

40.6

37.3

37.7

Exports of goods FOB (P61)

18.7

19.4

22.6

23.9

21.6

22.2

Exports of services (P62)

15.6

12.5

13.5

16.6

15.7

15.6

15.5

IMPORTS OF GOODS AND SERVICES (P6)

31.4

28.2

34.6

39.1

33.0

33.5

Imports of goods FOB (P71)

24.4

22.6

27.5

30.8

25.7

25.6

26.1

Imports of services (P72)

7.0

5.6

7.1

8.3

7.3

7.4

Year to year percent changes

Added value at market prices (B1b)

5.0

-3.2

9.4

11.1

5.2

5.3

7.2

Taxes on products and imports (net of subsidies)

6.1

-7.5

24.5

10.9

2.6

6.8

7.7

Gross domestic product at market prices

5.0

-3.5

10.5

11.1

5.0

5.4

7.2

DOMESTIC DEMAND

2.6

-4.3

12.9

11.2

2.0

5.4

7.3

Final Consumption Expenditure (P3/P4)

5.0

-4.6

10.1

11.7

5.1

4.2

6.5

Final consumption expenditure of households and NPISHs

4.1

-6.3

12.0

13.8

6.0

4.6

7.5

General Government final consumption expenditure

8.6

2.0

3.2

3.5

1.5

2.3

1.7

Gross fixed capital formation (P51g)

-6.2

-4.0

15.3

11.7

0.3

5.6

9.6

EXPORTS OF GOODS AND SERVICES (P6)

6.9

-10.3

25.3

24.6

-3.5

5.3

8.5

Exports of goods FOB (P61)

3.0

-0.2

29.0

17.6

-5.2

5.6

10.0

Exports of services (P62)

11.9

-22.5

19.5

36.4

-1.0

5.0

6.5

IMPORTS OF GOODS AND SERVICES (P6)

-0.6

-13.4

35.4

25.5

-11.4

5.3

8.9

Imports of goods FOB (P71)

-2.7

-10.6

34.4

24.5

-12.5

5.1

9.3

Imports of services (P72)

7.8

-22.8

39.7

29.4

-6.9

6.1

7.6

Notes:
n1/ Data are preliminary for 2022-2023. Forecast 2024-2025 used in the January 2024 Monetary Policy Report, approved by the Board of Central Bank of Costa Rica according to the minute of the session 6164-2024 on January 25, 2024.
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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