Costa rica

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  • Publicado : 29 de noviembre de 2011
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Economy - overview:

Prior to the global economic crisis, Costa Rica enjoyed stable economic growth. The economy contracted 0.7% in 2009, but resumed growth at more than 3% in 2010. While the traditional agricultural exports of bananas, coffee, sugar, and beef are still the backbone of commodity export trade, a variety of industrial and specialized agricultural products have broadened exporttrade in recent years. High value added goods and services, including microchips, have further bolstered exports. Tourism continues to bring in foreign exchange, as Costa Rica's impressive biodiversity makes it a key destination for ecotourism. Foreign investors remain attracted by the country's political stability and relatively high education levels, as well as the fiscal incentives offered inthe free-trade zones; and Costa Rica has attracted one of the highest levels of foreign direct investment per capita in Latin America. However, many business impediments, such as high levels of bureaucracy, difficulty of enforcing contracts, and weak investor protection, remain. Poverty has remained around 15-20% for nearly 20 years, and the strong social safety net that had been put into place bythe government has eroded due to increased financial constraints on government expenditures. Unlike the rest of Central America, Costa Rica is not highly dependent on remittances as they only represent about 2% of GDP. Immigration from Nicaragua has increasingly become a concern for the government. The estimated 300,000-500,000 Nicaraguans in Costa Rica legally and illegally are an important sourceof - mostly unskilled - labor, but also place heavy demands on the social welfare system. The US-Central American-Dominican Republic Free Trade Agreement (CAFTA-DR) entered into force on 1 January 2009, after significant delays within the Costa Rican legislature. CAFTA-DR will likely lead to increased foreign direct investment in key sectors of the economy, including the insurance andtelecommunications sectors recently opened to private investors. President CHINCHILLA is likely to push for fiscal reform in the coming year, seeking to boost revenue, possibly through revised tax legislation, to fund an increase in security services and education.
GDP (purchasing power parity):

$51.17 billion (2010 est.)
country comparison to the world: 91
$49.12 billion (2009 est.)
$49.76 billion(2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):

$35.78 billion (2010 est.)
GDP - real growth rate:

4.2% (2010 est.)
country comparison to the world: 90
-1.3% (2009 est.)
2.7% (2008 est.)
GDP - per capita (PPP):

$11,300 (2010 est.)
country comparison to the world: 98
$11,000 (2009 est.)
$11,300 (2008 est.)
note: data are in 2010 US dollars
GDP -composition by sector:

agriculture: 6.5%
industry: 22.5%
services: 71% (2010 est.)
Labor force:

2.052 million
country comparison to the world: 119
note: this official estimate excludes Nicaraguans living in Costa Rica (2010 est.)
Labor force - by occupation:

agriculture: 14%
industry: 22%
services: 64% (2006 est.)
Unemployment rate:

7.3% (2010 est.)
country comparisonto the world: 77
8.4% (2009 est.)
Population below poverty line:

16% (2006 est.)
Household income or consumption by percentage share:

lowest 10%: 1.7%
highest 10%: 39.4% (2009)
Distribution of family income - Gini index:

50.3 (2009)
country comparison to the world: 23
45.9 (1997)
Investment (gross fixed):

19.7% of GDP (2010 est.)
country comparison to the world: 120Budget:

revenues: $5.217 billion
expenditures: $7.083 billion (2010 est.)
Taxes and other revenues:

14.6% of GDP (2010 est.)
country comparison to the world: 189
Budget surplus (+) or deficit (-):

-5.2% of GDP (2010 est.)
country comparison to the world: 147
Public debt:

42.7% of GDP (2010 est.)
country comparison to the world: 67
42.1% of GDP (2009 est.)
Inflation rate...
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