costa rica fact

Costa Rica's economy is dependent on ecotourism, agriculture, and electronics exports. The economy emerged from recession in 1997 and has since shown strong growth. Costa Rica's location in the Central American isthmus provides easy access to American markets as it has the same time zone as the central part of the United States and direct ocean access to Europe and Asia.

The economy has been booming for Costa Rica because the Government had implemented a seven year plan of expansion in the high tech industry. costa rica fact employment They have tax exemptions for those who are willing to invest in the country. With their high level of educated residents, they make an attractive investing location. Several global high tech corporations have already started developing in the area exporting goods.

The unit of currency is the colón (CRC), which trades around 450-500 to the U.S. dollar; currently about 600 to the euro.

costa rica fact

Background:
Costa Rica is a Central American success story: since the late 19th century, only two brief periods of violence have marred its democratic development. Although still a largely agricultural country, it has expanded its economy to include strong technology and tourism sectors. The standard of living is relatively high. Land ownership is widespread.

Location: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Nicaragua and Panama Geographic coordinates: 10 00 N, 84 00 W Map references: Central America and the Caribbean Area: total: 51,100 sq km land: 50,660 sq km water: 440 sq km note: includes Isla del Coco Area - comparative: slightly smaller than West Virginia Land boundaries: total: 639 km border countries: Nicaragua 309 km, Panama 330 km Coastline: 1,290 km Maritime claims: territorial sea: 12 nm exclusive economic zone: 200 nm continental shelf: 200 nm Climate: tropical and subtropical; dry season (December to April); rainy season (May to November); cooler in highlands Terrain: coastal plains separated by rugged mountains including over 100 volcanic cones, of which several are major volcanoes Elevation extremes: lowest point: Pacific Ocean 0 m highest point: Cerro Chirripo 3,810 m Natural resources: hydropower Land use: arable land: 4.41% permanent crops: 5.88% other: 89.71% (2001) Irrigated land: 1,260 sq km (1998 est.) Natural hazards: occasional earthquakes, hurricanes along Atlantic coast; frequent flooding of lowlands at onset of rainy season and landslides; active volcanoes Environment - current issues: deforestation and land use change, largely a result of the clearing of land for cattle ranching and agriculture; soil erosion; coastal marine pollution; fisheries protection; solid waste management; air pollution Environment - international agreements: party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Wetlands, Whaling signed, but not ratified: Marine Life Conservation Geography - note: four volcanoes, two of them active, rise near the capital of San Jose in the center of the country; one of the volcanoes, Irazu, erupted destructively in 1963-65