COSTA RICA'S ECONOMY

SWITZERLAND OF THE AMERICAS

Costa Rica is one of the oldest democracies in the Americas. In 1949, the modern constitution abolished the army and directed the country’s resources to education and health care for the people. The country enjoys political stability and attracts many international organizations to Costa Rica. These include the Inter American Court of Human Rights, the International Development Bank and the Earth Council.

Costa Rica has one of the strongest U.S. dollar reserves in Central America (nearly one billion), a democratic government, a high level of education, a strong labor force and one of the best infrastructures in Central America.

SILICON VALLEY SOUTH

With its highly educated work force, Costa Rica is becoming the Americas “Silicon Valley” South. Intel recently built a very large microchip processing plant in Costa Rica. This has attracted other companies like IBM, Microsoft, Motorola and Acer Corp to name just a few. The governments pro business attitude coupled with the country’s highly educated work force is quickly making Costa Rica one of the countries with the highest foreign investment in Central America.

TOURISM

Ranking number one as far as investments are concerned, tourism has a dynamic role as Costa Rica’s largest and fastest growing industry.

The horrible 9-11 tragedy and now the financial crisis in the USA has caused tourism all over the world to suffer a tremendous drop-off but we are glad to report that at least as far as Costa Rica is concerned tourism is seeing an aggressive growth pace. Visitors to Costa Rica consist mainly of North Americans and Europeans. As a result, there is a tremendous surge in development within the hotel and condominium sector. This has put some pricing pressure on the real estate market and prices have increased but it is still possible to find investments which offer great value and potential appreciation.

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