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Costa Rica Information
Long controlled by Spain, Costa Rica gained its independence in 1821, and became a true Central
America success story.   Since the late 19th century, only two brief periods of violence have marred its
democratic development.  Driven by agricultural products (especially coffee), and strong technology and
tourism industries, Costa Rica has a high standard of living, especially when compared to other nearby
countries.   Land ownership is widespread.  Dominated by mountains ranges replete with volcanoes, the
country has suffered through its share of eruptions, as well as devastating earthquakes.

Costa Rica is a stunning land, with much of it heavily forested. The coastal areas are ringed with mangrove
swamps, and beautiful white, sand beaches.

The overall climate is generally hot and rainy, with moderating conditions in the higher elevations.   The dry
season is from December to May and the wet season is from May to November.

Facts and Figures


Government  Democratic republic



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.









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