Costa Rica Economy
Introduction
Costa Rica's stable and progressive economy depends especially
on tourism, technology, and the export of bananas, coffee
and other agricultural products. The World Bank has given
Costa Rica an excellent bill of overall political and economic
health.
This attractive investment market is perhaps best illustrated by reviewing a sample of a few of the international companies who have chosen Costa Rica for their international investments and
operations centers:
International Companies Choose Costa Rica:
- Intel Bridgestone
- Motorola
- Gillette
- Acer America Corp
- Gerber
- Microsoft
- Western Union
- General Electric
- Abbot Laboratories
- Sterling Products
- Protek Electronics
- Camtronics
- Prentiss Manufacturing
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- Panasonic
- Conair Corp.
- Bell Phase
- BLH Electronics
- H.B. Fuller
- C & K Components
- Sherwin Willams
- Mallory And Church
- 3M
- Scott Paper
- Apex Boats
- Vernitron Corp.
- Dole
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At its annual conference in El Salvador last year, the Bank lauded the country as possessing “one of the most stable and robust” democracies in Latin America. It went on to praise
Costa Rica’s “healthy economic growth rate” and “some of the best social indicators” on the continent. Poverty has been substantially reduced over the past 15 years
and a strong social safety net has been implemented.
Costa Rica’s political and economical stability has fostered one of the most reliable business climates in America. Fiscal incentives are offered as well as a highly skilled labor force
(95% of the population is literate), making high-quality operations available at competitive operational costs. This environment fosters long term planning for multinational corporations that
seek to establish or expand operations in a country that has consistently been rated as having one of the lowest risk ratings for investment.
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