Costa Rica—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #37 of 116Updated April 2026
Latest Value
27 years
2023
YoY Change
-24.8%
2010 → 2023
Global Rank
#37
of 116 countries
Maximum
36 years
2010
Minimum
27 years
2023
CAGR
-2.2%
2 years
Last
27 years
Previous
36 years
Highest
36 years
Lowest
27 years
Source
World Bank World Development Indicators
Costa Rica's average firm age (years) was 27 years in 2023, ranking #37 out of 116 countries. This represents a -24.8% change from 2010. Over the past 2 years, the highest recorded value was 36 years (2010) and the lowest was 27 years (2023). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 27 years | -24.8% |
| 2010 | 36 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.