Economy Of Costa Rica - Costa Rica Information

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Economy Of Costa Rica
Costa Rica Information - Country Guides

Economy overview	Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. Poverty has been substantially reduced over the past 15 years, and a strong social safety net has been put into place. Foreign investors remain attracted by the country's political stability and high education levels, and tourism continues to bring in foreign exchange. Low prices for coffee and bananas have hurt the agricultural sector. The government continues to grapple with its large deficit and massive internal debt. The reduction of inflation remains a difficult problem because of rises in the price of imports, labor market rigidities, and fiscal deficits. Costa Rica recently concluded negotiations to participate in the US - Central American Free Trade Agreement, which, if ratified by the Costa Rican Legislature, would result in economic reforms and an improved investment climate.
GDP	purchasing power parity - $35.34 billion (2004 est.)
GDP - real growth rate	5.6% (2004 est.)
GDP - per capita	purchasing power parity - $9,100 (2004 est.)
GDP - composition by sector	agriculture: 8.5% industry: 29.4% services: 62.1% (2004 est.)
Investment gross fixed	20.2% of GDP (2004 est.)
Population below poverty line	20.6% (2004 est.)
Household income or consumption by percentage share	lowest 10%: 1.1% highest 10%: 36.8% (2002)
Distribution of family income - Gini index	45.9 (1997)
Inflation rate consumer prices	9.4% (2004 est.)
Labor force	1.758 million (2004 est.)
Labor force by occupation	agriculture 20%, industry 22%, services 58% (1999 est.)
Unemployment rate	6.7% (2004 est.)
Budget	revenues: $2.313 billion expenditures: $2.851 billion, including capital expenditures of na (2004 est.)
Public debt	56.1% of GDP (2004 est.)
Agriculture products	coffee, pineapples, bananas, sugar, corn, rice, beans, potatoes; beef; timber
Industries	microprocessors, food processing, textiles and clothing, construction materials, fertilizer, plastic products
Industrial production growth rate	8% (2004 est.)
Electricity production	6.839 billion kWh (2001)
Electricity production by source	fossil fuel: 1.5% hydro: 81.9% other: 16.6% (2001) nuclear: 0%
Electricity consumption	6.109 billion kWh (2001)
Electricity exports	379 million kWh (2001)
Electricity imports	128 million kWh (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	37,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance	$-970 million (2004 est.)
Exports	$6.176 billion (2004 est.)
Exports commodities	coffee, bananas, sugar; pineapples; textiles, electronic components, medical equipment
Exports partners	US 14.2%, Guatemala 3%, Nicaragua 2.7% (2003)
Imports	$7.057 billion (2003 est.)
Imports commodities	raw materials, consumer goods, capital equipment, petroleum
Imports partners	US 23.2%, Mexico 4.7%, Venezuela 3.2% (2003)
Reserves of foreign exchange gold	$1.836 billion (2004 est.)
Debt external	$5.366 billion (2004 est.)
Economic aid recipient
Currency	Costa Rican colon (CRC)
Currency code	CRC
Exchange rates	Costa Rican colones per US dollar - 398.663 (2003), 359.817 (2002), 328.871 (2001), 308.187 (2000), 285.685 (1999)
Fiscal year	calendar year

Costa Flag Map Of Costa Rica

Economy Of Costa RicaCosta Rica Information - Country Guides

Economy Of Costa Rica
Costa Rica Information - Country Guides