Costa Rica

The Republic of Costa Rica is a country in Central America, bordered by Nicaragua to the north, Panama to the south-southeast, and by the Pacific Ocean to the west and south, and by the Caribbean Sea to the east. Costa Rica is seen as an example of political stability in the region, and sometimes refered to as the "Switzerland of Central America." Costa Rica has no army.

Economy

Main article: Economy of Costa Rica

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Costa Rica's economy is dependent on eco-tourism, 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 central US and direct ocean access to Europe and Asia.

Related Topics:
Costa Rica - Eco-tourism - Recession - Central America - Isthmus

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The economy has been booming for Costa Rica because the Government had implemented a seven year plan of expansion in the high tech industry. 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.

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

Related Topics:
Currency - Colón - CRC - US dollar - Euro

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