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Costa Rica

Costa Rica's economy in 2025 is characterized by steady and resilient growth, with a projected GDP increase of about 3.4% to 3.5%, outperforming many Central American peers despite global challenges. This growth is supported by a diverse and open economy, solid fundamentals, sound economic policies, and strong export sectors, particularly in technology, business services, and tourism.

Fiscal management has improved markedly, with public debt declining below 60% of GDP for the first time in years. Continued efforts in fiscal consolidation, efficient public spending, and tax base expansion are key to ensuring long-term financial sustainability. Inflation is forecast to moderate toward the central bank's target of around 3%, supported by relatively stable monetary policy. The country has secured a flexible credit line from the International Monetary Fund (IMF), providing a financial buffer against external shocks.

Despite the positive outlook, Costa Rica faces challenges including high income inequality, skills shortages, and the need to further formalize the labor market. Addressing these issues requires comprehensive strategies focusing on early education access, digital skills development, reducing administrative burdens for businesses, and fostering inclusive labor participation.

Trade openness has spurred economic development, bolstered by free trade agreements that provide market access globally. However, diversification of export markets remains a priority, particularly given recent tariff impositions on goods exported to key markets like the United States. Innovation and infrastructure improvements are vital to maximizing trade benefits and enhancing Costa Rica's competitiveness.

Overall, Costa Rica in 2025 stands out as a resilient, diversified, and innovation-oriented economy, benefiting from strong fundamentals and a commitment to sustainability. Its strategic focus on technology, sustainable tourism, renewable energy, and high-value manufacturing, combined with ongoing fiscal and structural reforms, positions it well for sustained growth and continued attractiveness to international investors and businesses.

Payment methods in Costa Rica: