As an expert in international economics and development, I have a comprehensive understanding of the economic landscape of various countries around the world. When it comes to classifying a country's income status, it is important to consider a range of economic indicators, including but not limited to Gross Domestic Product (GDP) per capita, economic growth rates, and the structure of the economy. With this in mind, let's delve into the economic profile of Costa Rica.
Costa Rica is often recognized for its rich biodiversity, commitment to environmental sustainability, and its status as a popular tourist destination. However, when it comes to its economic standing, it is categorized as an upper middle-income country by the World Bank. This classification is based on a country's gross national income (GNI) per capita, which is a measure of average economic output per person adjusted for differences in prices between countries.
One of the key indicators that support Costa Rica's classification as an upper middle-income country is its GDP per capita. Since the 1960s, Costa Rica has seen a significant increase in this metric, with the GDP per capita tripling over that period. This growth is indicative of an economy that has been able to improve the standard of living for its citizens by increasing the average wealth and economic output per person.
Moreover, when we look at the economic growth rates, Costa Rica has demonstrated a robust performance. Between 2000 and 2013, the country's growth averaged 4.5 percent, which is higher than the regional average of 3.8 percent for the same period. This sustained growth is a testament to the country's economic resilience and the effectiveness of its development strategies.
It is also important to consider the economic structure of Costa Rica. The country has diversified its economy away from a reliance on a single sector, which has helped to mitigate risks associated with economic fluctuations. Key sectors include agriculture, manufacturing, and services, with a particular focus on high-value goods and services that cater to the needs of a global market.
Furthermore, Costa Rica has made significant strides in social development. The country has invested in education and healthcare, which are crucial for human capital development. These investments have not only improved the quality of life for citizens but also contributed to the country's economic growth by creating a skilled workforce that can compete in the global economy.
In terms of external relations, Costa Rica has been active in international trade and has pursued policies that encourage foreign direct investment. This has helped to integrate the country into the global economy and has provided opportunities for further economic growth and development.
However, it is important to note that being an upper middle-income country does not mean that Costa Rica does not face challenges. Like many countries, it grapples with issues such as income inequality, the need for further economic diversification, and the challenges posed by climate change, which could impact its agricultural sector and natural resources.
In conclusion, while Costa Rica has made significant progress and is classified as an upper middle-income country, it continues to work on addressing the challenges that come with this status. The country's economic growth, GDP per capita, and social development indicators all point to a nation that is on a path of development and is striving to improve the well-being of its citizens.

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Considered an upper middle-income country, Costa Rica has experienced steady economic expansion over the past 25 years. ... Costa Rica's GDP per capita has tripled since 1960 and its growth averaged 4.5 percent between 2000 and 2013, compared to the regional average of 3.8 percent for the same period.read more >>