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Home :: Trade Leads By Country : Costa Rica



COSTA RICA

Costa Rica, Countries by TradeCosta Rica, Countries by Trade

Introduction

Unlike other countries affected by warfare who don’t attract much tourists this country seems to be just the opposite as the attraction of Costa Rica for tourists is heightened by its political stability, relative economic wealth that they have been accumulating over the years and keeping this wealth for their future generations, and the rich and vibrant ecological system that is abundant with flora (more than 2,000 plant species) and fauna (some 300 animal species) attracts the tourists from all over the world and acts as a major boon for the country I terms of its GDP and revenue generation.Furthermore, Costa Rica is considered to be the bridge between North and South America, with species migrating between the two that has produced a spectacularly diverse wildlife.


Business and Economy

Costa Rica's as a country has basically a stable economy that mostly depends on tourism, agriculture, and electronics exports. Poverty has been substantially reduced over the past 15 years as they have cashed on their resources and economic assets , and a strong social safety net has been put into place. The main reason for the investments of the foreign countries is the country's political stability and high education levels, and tourism continues to bring in foreign exchange.The government continues to grapple with its large deficit and massive internal debt.


Major Cities

The major cities of Costa Rica are Liberia, Limón, Paraíso, Puntarenas, San Francisco, San Vicente, San José, Alajuela, Desamparados.


Fact Sheet

Purchasing power parity - $35.16 billion (2003 est.)
GDP - real growth rate: 5.2% (2003 est.)
GDP - per capita: purchasing power parity - $9,000 (2003 est.)
GDP - composition by sector: agriculture: 9%
industry: 30%
services: 61% (2002 est.)
Population below poverty line: 20.6% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: 1.1%
highest 10%: 36.8% (2002)
Distribution of family income - Gini index: 45.9 (1997)
Inflation rate (consumer prices): 9.4% (2003 est.)
Labor force: 1.8 million (July 2003)
Labor force - by occupation: agriculture 20%, industry 22%, services 58% (1999 est.)
Unemployment rate: 6.7% (July 2003 est.)
Budget:
revenues: $2.17 billion
expenditures: $2.84 billion, including capital expenditures of $NA (2002 est.)
Industries: microprocessors, food processing, textiles and clothing, construction materials, fertilizer, plastic products
Agriculture - products: coffee, pineapples, bananas, sugar, corn, rice, beans, potatoes; beef; timber
Exports: $6.176 billion (2003 est.)
Exports - commodities: coffee, bananas, sugar; pineapples; textiles, electronic components, medical equipment
Exports - partners: US 29.1%, Netherlands 8.2%, UK 4.2%, Mexico 4% (2002)
Imports: $7.057 billion (2003 est.)
Imports - commodities: raw materials, consumer goods, capital equipment, petroleum
Imports - partners: US 35.4%, Japan 4.3%, Mexico 3.9% (2002)
Debt - external: $3.654 billion (September 2003 est.)
Currency: Costa Rican colon (CRC)
Currency code: CRC
Exchange rates: Costa Rican colones per US dollar - 398.66 (2003), 359.82 (2002), 328.87 (2001), 308.19 (2000), 285.69 (1999)
Fiscal year: calendar year



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