2021
Flag  
GDP
$86.1BCURRENT US$
Rnk 68 / 204
2011-2021
Flag
GDP GROWTH
83.6%CURRENT US$
Rnk 23 / 204
2021
Flag
 GDP
$64.6BCURRENT US$
Rnk 82 / 204
2011-2021
Flag
GDP GROWTH
51.1%CURRENT US$
Rnk 50 / 204
2021
Flag
GDP PC 
$5,029CURRENT US$
Rnk 119 / 204
2011-2021
Flag
GDP PC GROWTH
55.8%CURRENT US$
Rnk 24 / 204
2021
Flag
GDP PC
$12,537CURRENT US$
Rnk 77 / 204
2011-2021
Flag
GDP PC GROWTH
37.2%CURRENT US$
Rnk 52 / 204

About

Guatemala-Costa Rica In 2021, Guatemala exported $551M to Costa Rica. The main products that Guatemala exported to Costa Rica are Plastic Lids ($37.8M), Pesticides ($32.3M), and Packaged Medicaments ($32.1M). During the last 26 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 6.31%, from $112M in 1995 to $551M in 2021.

In 2021, Guatemala did not export any services to Costa Rica.

Costa Rica-Guatemala In 2021, Costa Rica exported $727M to Guatemala. The main products that Costa Rica exported to Guatemala were Other Edible Preparations ($126M), Sauces and Seasonings ($43.5M), and Toilet Paper ($31.1M). During the last 26 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 7.57%, from $109M in 1995 to $727M in 2021.

In 2021, Costa Rica did not export any services to Guatemala.

Comparison In 2021,  Guatemala ranked 76 in the Economic Complexity Index (ECI -0.24), and 82 in total exports ($14.2B). That same year, Costa Rica ranked 52 in the Economic Complexity Index (ECI 0.24), and 79 in total exports ($16.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Guatemala exported $551M to Costa Rica. The main products exported from Guatemala to Costa Rica were Plastic Lids ($37.8M), Pesticides ($32.3M), and Packaged Medicaments ($32.1M). During the last 26 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 6.31%, from $112M in 1995 to $551M in 2021.

In 2021, Costa Rica exported $727M to Guatemala. The main products exported from Costa Rica to Guatemala were Other Edible Preparations ($126M), Sauces and Seasonings ($43.5M), and Toilet Paper ($31.1M). During the last 26 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 7.57%, from $109M in 1995 to $727M in 2021.

Exports from Guatemala (Flag) to Costa Rica (Flag) (2021)

Exports from Costa Rica (Flag) to Guatemala (Flag) (2021)

Latest Data

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

Guatemala Exports

Costa Rica Exports

Market Competitiveness

Color
Guatemala
Top Destination
United States$4.47B
Costa Rica
Top Destination
United States$6.31B

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

In 2021, countries that imported more from Guatemala than Costa Rica were El Salvador ($1.73B), Honduras ($1.37B), and Nicaragua ($841M).

In 2021, countries that imported more from Costa Rica than Guatemala were United States ($6.31B), Netherlands ($1.18B), and Belgium ($729M).

Difference in imports from Costa Rica (Flag) and Guatemala (Flag) (2021)

Comparative Advantage Guatemala - Costa Rica

Flow
Scale

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

During 2021, Guatemala had a large net trade with Costa Rica in the exports of Chemical Products ($148M), Plastics and Rubbers ($98M), and Foodstuffs ($73.9M).

During 2021, Costa Rica had a large net trade with Guatemala in the exports of Foodstuffs ($237M), Chemical Products ($94M), and Metals ($86.1M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Guatemala has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over Guatemala.

Product Space of Guatemala (Flag) and Costa Rica (Flag) (2021)

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