About the Economy

Economy

Tourism, agriculture, and electronics exports sustain the Costa Rican economy. Political stability and high education levels continue to attract foreign investment, while tourism is still the source of most foreign exchange. Over the last 15 years, the country has experienced a significant reduction in poverty, and has developed a sound social safety net. Although Costa Rica is not rich as the name "Rich Coast" suggests, it is not as poor as its neighbors. There is a large middle class, and all its social classes benefit from the most evenly dispersed wealth in Central America. In comparison with Latin American standards, the Costa Rican living conditions are considerably high.

Costa Rica actively participates in international trade. Its chief exports are coffee, bananas, sugar, pineapples, textiles, electronic components, and medical equipment, while its key imports are raw materials, consumer goods, capital equipment, and petroleum. The United States, European Union, Central America, and Mexico are Costa Rica's major trade partners. Unfortunately, the traditional Costa Rican export sectors have fallen behind. Due to a decline in coffee prices and an overabundance of bananas, the agricultural sector suffers.

The government struggles against a large deficit and immense internal debt. It also faces a need to improve and modernize the stated owned electricity and telecommunications sectors.

Latest News

20 sailing yachts left Le Havre, France on Nov 8 with Puerto Limon, Costa Rica as their destination in the ninth edition of this cross Atlantic race.

Costa Rica's potential to produce green energy and it's policies on sustainabality have brought it to the center of attention of renewable energy companies around the world.

Place to go

Recreation & Sports

Sports / Fishing / Kayaking / Sailing / Surfing / Whitewater Rafting / Diving

Travel & Tourism

Lodging / Marinas

Arts & Entertainment

Art Galleries / Artisans and Crafts

Natural Attractions

Beaches / Bird Watching / Volcanoes / Islands / Lakes / National Parks / Regions / Monteverde / Turtle watching

Costa Rica Real Estate

All Exclusive Vacation Rentals - Costa Rica's best beach houses, ocean view condos and mansions with marina and golf options. Upscale options in Los SueƱos, Guanacaste, Pinilla and more.

Costa Rica Real Estate & Investment - A clear insight into the meaning of investment and purchasing Real Estate in Costa Rica.