2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Georgia-Costa Rica Trade: In 2022, Georgia exported $625k to Costa Rica. The main products that Georgia exported to Costa Rica were Packaged Medicaments ($291k), Nitrogenous Fertilizers ($256k), and Medical Instruments ($35.6k). Over the past 5 years the exports of Georgia to Costa Rica have increased at an annualized rate of 85.4%, from $28.6k in 2017 to $625k in 2022.

In 2022, Georgia did not export any services to Costa Rica.

Costa Rica-Georgia Trade: In 2022, Costa Rica exported $1.07M to Georgia. The main products that Costa Rica exported to Georgia were Bananas ($564k), Pesticides ($326k), and Tropical Fruits ($113k). Over the past 5 years the exports of Costa Rica to Georgia have increased at an annualized rate of 20.1%,  from $356k in 2017 to $1.07M in 2022.

In 2022, Costa Rica did not export any services to Georgia.

Comparison: In 2022,  Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $625k to Costa Rica. The main products exported from Georgia to Costa Rica were Packaged Medicaments ($291k), Nitrogenous Fertilizers ($256k), and Medical Instruments ($35.6k). During the last 5 years the exports of Georgia to Costa Rica have increased at an annualized rate of 85.4%, from $28.6k in 2017 to $625k in 2022.

In 2017, Costa Rica exported $1.07M to Georgia. The main products exported from Costa Rica to Georgia were Bananas ($564k), Pesticides ($326k), and Tropical Fruits ($113k). During the last 5 years the exports of Costa Rica to Georgia have increased at an annualized rate of 20.1%, from $356k in 2022 to $1.07M in 2017.

Exports from Georgia (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Georgia (Flag) (2022)

Latest Data

Trade between Georgia (Flag) and Costa Rica (Flag)

Georgia Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Costa Rica
Top Destination
United States$6.83B

This map shows whether countries import more from Georgia or Costa Rica. Each country is colored based on the difference in imports they receive from Georgia and Costa Rica or the difference in the growth in imports.

In 2022, countries that imported more from Georgia than Costa Rica included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

In 2022, countries that imported more from Costa Rica than Georgia included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

Difference in imports from Costa Rica (Flag) and Georgia (Flag) (2022)

Comparative Advantage Georgia - Costa Rica

Flow
Scale

This chart compares trade between Georgia and Costa Rica by product, considering products traded by both, Georgia and Costa Rica.

During 2022, Georgia had a large net trade with Costa Rica in the exports of Chemical Products ($549k), Instruments ($35.9k), and Foodstuffs ($26.1k).

During 2017, Costa Rica had a large net trade with Georgia in the exports of Vegetable Products ($677k), Chemical Products ($326k), and Foodstuffs ($66.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Costa Rica+$112kPackaged Medicaments
Top Product Potential Costa Rica Georgia+$132kPesticides

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Georgia and Costa Rica. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Georgia.

Product Space of Georgia (Flag) and Costa Rica (Flag) (2022)

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