Costa Rica 2030 forecast
Forecast to 2030 (Costa Rica)
Resume Summary
By 2030, Costa Rica retains the status of the "green technological hub" of Central America: a combination of free economic zones, sustainable tourism and developed human capital supports stable growth. The baseline scenario is average annual real GDP growth ≈3,5 -4.5%, inflation in the corridor 2-4%, a gradual decrease in unemployment to 8-9%, subject to the acceleration of projects in infrastructure, digital services and energy transition. An optimistic scenario (5-6% growth) is possible with an acceleration of nearshoring in electronics/medical equipment and an influx of "green" investments; negative (2-3%) - with a combination of climate shocks, US slowdown and budget constraints.
Growth Drivers 2025-2030
1) Premium eco tourism
Shift in demand to "slow" and wellness tourism, nature observation, surfing, yoga, retreats.
The growth of the average check due to boutique eco-lodges, digital nomads and combined routes (San Jose → Guanacaste/Puntarenas/Caribbean coast).
Inbound flow forecast: 3.5-4.5 million visits by 2030 with an increase in aircraft capacity and marketing of shoulder seasons.
2) Free zones, nearshoring and high-tech clusters
Expansion of supply chains for electronics/semiconductors and medical devices.
Employment growth in engineering, high-quality assembly, technical support and BPO/IT outsourcing.
Strengthening the "universities → tech park → export" link (San Jose/Heredia/Alajuela).
3) Green energy and industrialization
A high share of renewable energy sources (hydroelectric power station + geothermal + wind + sun) remains a competitive advantage.
Until 2030: expansion of distributed generation, modernization of networks and storage systems, pilots on "green" hydrogen for transport/logistics.
4) Digital economy and creative industries
IT services, fintech, GovTech, mar/ed-tech; growth of remote employment, export of digital services.
Tools for SMEs: e-commerce, digital payments, inventory and analytics.
Development of cybersecurity and data centers, including for regional operators.
5) Agroexport and biotechnology
Diversification from traditional crops (coffee, bananas, pineapples) to value-added products (organics, functional products, extracts, bioplastics).
Precision farming and water conservation technologies for climate change adaptation.
6) Infrastructure and Logistics
Priority: Roads, bridges, logistics hubs, airports in Guanacaste and the Caribbean coast, improving port efficiency in Limón.
Transition to smart infrastructure: sensors, predictive maintenance, digital passes.
Labor market and human capital
Demand for specialists: engineering, IT/data, quality/certification, tourism/hospitality with a focus on sustainable practices, technical support in Spanish/English/Portuguese.
Employment policies: upskilling/reskilling through short programs, dual education, English for service/technical support, basic financial and digital literacy.
The growth of "average" salaries in tech clusters and services is expected; regional income dispersion is reduced if investment is decentralized.
Regional dynamics
San Jose and Central Valley: HQ functions, R&D, IT, fintech, medtech.
Guanacaste/Puntarenas: tourism, solar projects, agrotech, coastal logistics; the growth of boutique investments and digital nomads.
Lemon (Caribbean coast): port infrastructure and agroexport; potential - processing, cold chains, sustainable fishing.
Macro benchmarks until 2030
GDP (real growth): basic 3.5-4.5%; optimistic 5-6%; negative 2-3%.
Inflation: in the target corridor 2-4% with moderate monetary policy.
Unemployment: a gradual decrease by 8-9% (with the acceleration of infrastructure projects and training).
The share of exports of high/medium-high technology goods: maintaining strong positions, expanding the portfolio due to semiconductor components and medical devices.
Green energy: high share of renewable energy sources, emphasis on network modernization and storage.
Gambling industry and tourism: the role until 2030
The offline sector remains niche and focused on tourist areas and hotels.
Online operators have traditionally used Costa Rica as a jurisdiction for hosting and operational offices; until 2030, AML/KYC requirements, tax transparency and tech compliance are expected to be strengthened.
Connection with tourism: casino zones at resorts as an addition to the eco-/wellness offer (do not replace, but supplement leisure).
Responsible play: the growth of self-restraint, behavior monitoring tools and cooperation with payment providers to prevent fraud and laundering.
Likely vector: compliance platforms (regtech/fintech), integration with digital identities and transaction analytics, which creates a demand for local expertise and jobs.
Risks and limitations
1. Climate and biodiversity: vulnerability to extreme rainfall/drought; need insurance solutions, climate finance, sustainable materials and infrastructure.
2. Fiscal space: budgetary constraints and borrowing costs; prioritization of CAPEX and PPP partnerships is critical.
3. Infrastructure bottlenecks: ports, roads, urban mobility; delays - risk of missing nearshoring.
4. External demand: US/EU slowdown will hit exporters and tourism.
5. Security and compliance: smuggling transit in the region and cyber risks require coordination between law enforcement and the private sector.
6. Personnel shortage: lack of engineering/IT skills is the main growth limiter.
Policies and Reforms for Baseline/Optimistic Scenario
Education and skills: scale of quick programs (6-12 months) by QA/testing, data basics, networks, travel service; stimulating female participation in STEM.
Infrastructure: PPP for roads, ports and airports; smart roads and predictive repairs; cold chains for agroexport.
Energy transition: energy storage, smart grids, H₂ pilots; tariff incentives for electrification of transport and travel industry.
Regulatory predictability: simplification of procedures in free zones, a "single window" for investors and startups; transparent rules for online services, fintech and gambling vertical (AML/KYC standards, reporting).
Tourism: support for the "long season," promotion of regions outside the top locations, development of MICE tourism with a low carbon footprint.
ESG and natural capital: payment for ecosystem services, forest/mangrove restoration, green bonds, climate insurance for SMEs.
Scenarios to 2030
Basic
Real GDP: ~ 4% on average; tourist flow up to ≈4 million visits.
Stable inflation, managed rate; the share of high-tech exports is growing moderately.
The key: to implement 2-3 large infrastructure projects and scale personnel training.
Optimistic
Wave of nearshoring/investments in semiconductors and medtech; accelerating digital services.
Real GDP: 5-6%; tourism 4.5 + million visits; reducing unemployment by ~ 7.5-8%.
Condition: fast permits, PPP, energy network with storage, active marketing of the country as a "green" production hub.
Negative
Climate shocks + weak external demand + PPP delays.
Real GDP: 2-3%; investments are transferred; growing regional inequality.
Answer: anti-crisis CAPEX, climate finance, support for employment and export of services.
Roadmap 2025-2030
2025–2026
Launch of 2-3 PPP projects (roads/port/airport), energy storage pilots.
National rapid upscaling program (60-90 thousand people in 2 years) in IT/English/service.
"Single window" for investors and startups; fintech/regtech regulatory sandboxes.
2027–2028
Scaling free zones to regions outside the Central Valley.
Deepening of cold chain logistics; growth in exports of value-added products.
Integration of digital IDs and e-KYCs, strengthening compliance in payments and online services.
2029–2030
Commercialization of green hydrogen/electric vehicle projects in tourism and logistics.
Diversification of tourist products (wellness, MICE, sports events, culinary routes).
Consolidation of tech clusters: joint R&D centers with universities and corporations.
KPI by 2030 (benchmarks)
Real GDP growth: ≥4% average annual (base), ≥5% (wholesale) .
Unemployment: ≤9% (base), ≤8% (wholesale) .
The share of renewable energy sources in generation: high and stable; commissioning of storage capacities ≥300 MW· h (reference point).
Tourism: ≥4 million visits, an increase in the average check by 15-25% vs 2024.
ICT/VRO service exports: double-digit annual average growth; doubling employment in the sector.
Infrastructure: ≥3 large projects in operation; reduction of logistics costs by 10-15%.
A sustainable green brand, strong free zones, human capital and growing premium tourism form a solid baseline scenario for Costa Rica until 2030. The key to moving into the "optimistic track" is to accelerate infrastructure, scale skills, maintain fiscal discipline and turn environmental leadership into a competitive advantage for industry, digital services and tourism - including complimentary, responsible entertainment industry formats.