ECONOMIC INFORMATION
Population - 3.9m
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Population growth - 1.58%
GDP (current US$) - $16.89bn (2002)
GDP per capita - $4,284
GDP per capita on a purchasing price parity basis - $8,318
GDP growth - 2.76% (2002)
Industrial production growth - 2.9%
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Inflation (12-month average) - 9.8% (2002)
Exports of goods and services as % of GDP - 42.1%
Top 3 export markets - US, EU, Central America
Local currency (change vs. US$ Jan 1-Nov 26, 2003) - Colon (-8.3%)
WEF Growth Competitiveness ranking * - 51/102
WEF Business Competitiveness ranking ** - 45/95
Local industries - Microprocessors, food processing, textiles and
clothing, construction materials, fertilizer, plastic products
Languages - Spanish (official) English
GOVERNANCE
World Bank Governance Matters III ***
Political stability - 1.06
Government effectiveness - 0.37
Regulatory quality - 0.74
Rule of law - 0.67
Control of corruption - 0.88
Economic Freedom ranking - 44/165
UN Human Development Index ranking - 42/175
FDI INFORMATION
Region - Central America
No.of projects (Jan-Sep 2003) - 15
Market-share of projects in the region - 3.8%
Value of projects relative to GNP - 50.0%
Top 3 destination sectors - Energy, Business Services, Plastics & Rubber
Top 3 source countries - USA, Spain, Venezuela
Top 3 investors - Abengoa, Nutek, Bridgestone/Firestone BFE
IPA
Name - CINDE - The Costa Rican Investment Board
Web address - www.cinde.org
Telephone +506 299 2800
* 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 score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance