AllRefer.com Reference and Encyclopedia Resource 

AllRefer Channels :: Health | Yellow Pages | | Reference

December 04, 2020  
 Countries
 Flags
 Maps

You are here : AllRefer.com > Reference > World > Countries > Costa Rica > Costa Rica - Economy

Costa Rica: Economy

Economy Costa Rica
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. At the same time, distribution of income remains severely unequal. Foreign investors remain attracted by the country's political stability and high education levels, and tourism continues to bring in foreign exchange. However, traditional export sectors have not kept pace. Low coffee prices and an overabundance of bananas have hurt the agricultural sector. The government continues to grapple with its large deficit and massive internal debt, with the need to modernize the state-owned electricity and telecommunications sector, and with the problem of bringing down inflation.
GDP:
purchasing power parity - $32 billion (2002 est.)
GDP - real growth rate:
2.8% (2002 est.)
GDP - per capita:
purchasing power parity - $8,300 (2002 est.)
GDP - composition by sector:
agriculture: 9%
industry: 30%
services: 61% (2002 est.)
Population below poverty line:
20.6% (1999 est.)
Household income or consumption by percentage share:
lowest 10%: 1.7%
highest 10%: 34.6% (2001)
Distribution of family income - Gini index:
45.9 (1997)
Inflation rate (consumer prices):
9.1% (2002 est.)
Labor force:
1.9 million (1999)
Labor force - by occupation:
agriculture 20%, industry 22%, services 58% (1999 est.)
Unemployment rate:
6.3% (2002 est.)
Budget:
revenues: $1.91 billion
expenditures: $2.35 billion, including capital expenditures of $NA (2000 est.)
Industries:
microprocessors, food processing, textiles and clothing, construction materials, fertilizer, plastic products
Industrial production growth rate:
2.9% (2002 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)
Agriculture - products:
coffee, pineapples, bananas, sugar, corn, rice, beans, potatoes; beef; timber
Exports:
$5.1 billion (2002)
Exports - commodities:
coffee, bananas, sugar; pineapples; textiles, electronic components, medical equipment
Exports - partners:
US 31.5%, Netherlands 8.9%, UK 4.5% (2002)
Imports:
$6.4 billion (2002)
Imports - commodities:
raw materials, consumer goods, capital equipment, petroleum
Imports - partners:
US 36.7%, Japan 4.4%, Mexico 4.2% (2002)
Debt - external:
$4.8 billion (2002 est.)
Currency:
Costa Rican colon (CRC)
Currency code:
CRC
Exchange rates:
Costa Rican colones per US dollar - 359.82 (2002), 328.87 (2001), 308.19 (2000), 285.69 (1999), 257.23 (1998)
Fiscal year:
calendar year

Also See:

Background & Country Profile
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational Issues & International Disputes
Map
Flag

 

Source: The CIA World Fact Book 2003

Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

About Us | Contact Us | Terms of Use | Privacy  
Copyright 2013 AllRefer.com All Rights reserved.
Site best viewed in 800 x 600 resolution.