Official name: Republic of Costa Rica

Capital: San José

Form of Government: Presidential Democratic Republic

Surface: 51,100 Km2

Population: 5,163,068(2020 Census)

Official language: Spanish

GDP (PPP) per capita: $12,690 (2019)

Official currency: Costa Rican colón (CRC)

Main competitive advantages of investing in Costa Rica:

  • Technological vanguard
  • Safe business climate
  • Highly qualified human resources
  • Strategic position and connectivity

Exports: $12.3 billion (2020)

Main export markets: 

  • United States 
  • Central America (Guatemala, El Salvador, Honduras, Nicaragua)
  • European Union

Main export products: 

  • Life Sciences (Medical, Pharmaceutical, and Biotechnology)
  • Manufacturing (Advanced Manufacturing, Light Manufacturing, and Food and Agricultural Technology)
  • Digital Technologies: Software Development and IT Services

Costa Rica is a Central American country bordered by Nicaragua to the North, Panama to the South, the Pacific Ocean to the West, and the Caribbean Sea to the East. It is home to approximately 5 million people. The Costa Rican Government has adopted a policy decidedly in favor of foreign investment. In 1949, Costa Rica was the first nation in the world to pass a constitutional amendment abolishing its army. Since then, the country has been able to avoid the internal conflicts that have plagued most of Central America. Consequently, Costa Rica remains a safe place for foreign investors to come and live. Besides being a beacon of peace, the country ranks first in the Happy Planet Index according to the New Economics Foundation and is one of the “greenest” countries on earth. It is the only Latin American nation included among the world’s 22 oldest democracies and has consistently been among the top Latin American countries as rated by the Human Development Index, ranking 66th in the world in 2017. On the 2018 Environmental Performance Index, Costa Rica is at number 30 in the world out of a list of 170 and is first in the Americas. In 2017, the Social Progress Index, a composite analysis of the progress in meeting basic human needs, foundations of well-being, and opportunity, listed Costa Rica at 28 out of 180 countries/territories studied. As a democratic republic with a strong constitution, Costa Rica has been and remains one of the most stable countries in Latin America in both political and economic terms. In 2016, the World Bank Study for Global Governance Indicators ranked Costa Rica as first in political stability among the nations of Latin America. Presently, an estimated 200 multinational companies are conducting business within the country’s borders, in large part because of immediate access to an exceptionally talented, bilingual young workforce. On average, 95% of the employees in multinational companies are local.

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