House Prices/GDP per Capita in Costa Rica compared to Latin America
Costa Rica: House price to income ratio
The house price to income ratio is the ratio of the cost of a typical upscale housing unit of 100 square metres, compared to the countrys GDP per capita. Normally this ratio will be much higher in low income countries than in high income countries.
The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures.
Costa Rica does not publish house price statistics. The Banco Central de Costa Rica has general statistics on production, employment, business confidence, the country's fiscal position, etc. The Instituto Nacional de Estad'stica y Censos has rather basic web pages. The Ministerio de Hacienda de la Republica de Costa Rica has quite a creditable-looking set of pages, but some of the actual data is very old.