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The economy of Costa Rica has been very stable for some years now, with continuing growth in the GDP (Gross Domestic Product) and moderate inflation, though with a high unemployment rate: 11.49% in 2019. [16] Costa Rica's economy emerged from recession in 1997 and has shown strong aggregate growth since then.
Tourism in Costa Rica has been one of the fastest growing economic sectors of the country and by 1995 became the largest foreign exchange earner. Since 1999, tourism has earned more foreign exchange than bananas, pineapples and coffee exports combined.
ICE Building in Sabana Norte, San José. Instituto Costarricense de Electricidad (English: Costa Rican Institute of Electricity) ( ICE) is the Costa Rican government-run electricity and telecommunications services provider. Together with the Radiographic Costarricense SA (RACSA) and Compañía Nacional de Fuerza y Luz (CNFL), they form the ICE ...
Costa Rica has a geographic advantage over others in that its high concentration per capita of rivers, dams, and volcanoes allows for a high renewable energy output. In addition, Costa Rica is the fourth highest nation in terms of rainfall per capita: it receives an average of 2,926 mm of precipitation per year. [8]
The country's Free Trade Zones provide incentives for manufacturing and service industries to operate in Costa Rica. In 2015, the zones supported over 82 thousand direct jobs and 43 thousand indirect jobs in 2015 and average wages in the FTZ were 1.8 times greater than the average for private enterprise work in the rest of the country.
It was the company's fourth customer service center in Latin America, following centers in Argentina, Brazil and Uruguay. In 2019, Mercado Libre opened its first distribution centers in Argentina, Brazil and Mexico. In March 2020, Mercado Libre announced its new distribution centers in Chile and Colombia.
Telecommunications in Costa Rica include radio, television, fixed and mobile telephones, and the Internet.
Pharmaceuticals, financial outsourcing, software development, and ecotourism have become the prime industries in Costa Rica's economy. High levels of education among its residents make the country an attractive investing location.
Costa Rica provides universal health care to its citizens and permanent residents. [1] Both the private and public health care systems in Costa Rica are continually being upgraded. Statistics from the World Health Organization (WHO) frequently place Costa Rica in the top country rankings in the world for long life expectancy.
Service companies of Costa Rica (1 C) T. Tourism in Costa Rica (4 C, 7 P) Transport in Costa Rica (8 C, 6 P) This page was last edited on 25 January 2020, at ...