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About Costa Rica
About Costa Rica

Facts on Costa Rica’s Business Climate

POPULATION FACTS

  • Population as of July 2010: - 4.6 million - 35.8% of the population is 15 to 35 years old - Annual population growth: 1.2% - GDP / Capita, 2010: $7,350
  • Labor force 2010: 2.05 million - Unemployment, 2010*: 7.3% - Underemployment, 2010*: 11.2%
  • Universal Health Care and Education System - Pillars of the national stability:
  • Health: 8.2% of the GDP
  • Education: 8.0% of the GDP

EMPLOYMENT & EDUCATION

  • Labor pool will likely reach 2.7 million people in 2015
  • Their educational system is ranked 22nd, the highest in Latin America
  • Technical high school graduates for the service sector are in constant growth estimate 3.7 - 3.9 thousand in 2015
  • Growth Projection for university graduates in 2015 45 thousand

COSTA RICA’S FOREIGN DIRECT INVESTMENT INDICATORS

  • Total FDI inflows have grown an average of 13.5% every year since 2001
  • In 2010, FDI represented 4.1% of the GDP and FDI per capita reached US$318. Costa Rica ranks among the top countries in Latin America in both indexes
  • FDI inflows have financed more than 90% of the current account deficit in the last decade

QUALITY OF LIFE

  • San José ranks fourth in quality of life in Latin America, the country’s capital maintains a leadership over its competitors, such as China, Brazil, Panama, Mexico, India, and Colombia.
  • Costa Rica has a strong commitment with environmental protection it ranks 3rd in the world in environmental performance and won the Future Policy Award 2010 in Biodiversity

ENERGY & INFRASTRUCTURE STABILITY

  • 95% of electricity is generated from renewable sources (hydroelectric, geothermal, biomass, and wind)
  • Country’s current capacity to be doubled in 2016 (up to 4,018 MW)
  • Private production of electricity will increase in more than 250 MW during the next three years
  • Several industrial parks have redundancy through the connection to a second electrical substation within the national interconnected system

TELECOMUNICATIONS:

  • Redundant fiber optic submarine cables (Maya & Arcos; Pacific Global Crossing)
  • Satellite and terrestrial microwave network in place to meet demand in fixed, mobile, and Internet services
  • New multinational players are expected to enter the market in 2011, providing private networks, Internet and mobile phone services, and abundant water supply
  • Industrial parks for manufacturing facilities can provide more than 350,000 gallons of water per day

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Contact us today for more information on Arcus and the ease of doing business with us through our Nearshore Costa Rica Solutions Center.