ECONOMIC INFORMATION
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Population: 4.0m
Population growth: 1.59%
Population density (people per sq. km): 78
UN Human Development Index ranking . 45/177
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Gross national income (current US$): $17.2bn (2003)
Gross national income per capita: $4,280
PPP Gross national income: $36.2bn
PPP Gross national income per capita: $9,040
GDP growth: 3.9% (2003)
GDP breakdown Agriculture: 8.4%, Industry: 28.9%, Services: 62.7%
Inflation (12-month average): 8.9 (2003)
Gross capital formation as % of GDP: 18.1%
Final consumption expenditure as % of GDP (growth): 83.8% (8.8%)
Exports of goods & services as % of GDP: 46.0%
Top 3 export markets: US, EU, Central America
Local industries: Microprocessors, food processing, textiles & clothing, construction materials, fertilizer, plastic products
WEF Growth Competitiveness ranking * : 50/104
WEF Business Competitiveness ranking ** : 48/103
WEF Quality of the Business Environment ranking: 50/103
Transparency International Corruption Perceptions ranking: 41/145
Languages: Spanish (official), English
FDI INFORMATION
Region: Central America
No. of projects (Jan-Sep 2004): 19
Market-share of projects in the region: 4.2%
Value of projects relative to GDP: 11.2%
Top 3 destination sectors: Energy, food & drink, healthcare
Top 3 business functions: Manufacturing, retail, customer support centre
Top 3 source countries: US, Spain, Peru
Top 3 investors: Intel, Kola Real, Abengoa
IPA
Name: CINDE - The Costa Rican Investment Board
Web address: www.cinde.org
* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations