Compare Costa Rica (2008) - Costa Rica (2007)

Compare Costa Rica (2008) z Costa Rica (2007)

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	Costa Rica (2008)	Costa Rica (2007)

Budget	revenues: $3.572 billion expenditures: $3.843 billion (2007 est.)	revenues: $3.129 billion expenditures: $3.282 billion (2006 est.)
Debt - external	$7.163 billion (30 June 2007)	$6.332 billion (2006 est.)
Economic aid - recipient	$29.51 million (2005)	-
Economy - overview	Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. Poverty has remained at roughly 20% for nearly 20 years, and the strong social safety net that had been put into place by the government has eroded due to increased financial constraints on government expenditures. Immigration from Nicaragua has increasingly become a concern for the government. The estimated 300,000-500,000 Nicaraguans estimated to be in Costa Rica legally and illegally are an important source of (mostly unskilled) labor, but also place heavy demands on the social welfare system. Foreign investors remain attracted by the country's political stability and high education levels, as well as the fiscal incentives offered in the free-trade zones. Exports have become more diversified in the past 10 years due to the growth of the high-tech manufacturing sector, which is dominated by the microprocessor industry. Tourism continues to bring in foreign exchange, as Costa Rica's impressive biodiversity makes it a key destination for ecotourism. The government continues to grapple with its large internal and external deficits and sizable internal debt. Reducing inflation remains a difficult problem because of rising import prices, labor market rigidities, and fiscal deficits. Tax and public expenditure reforms will be necessary to close the budget gap. In October 2007, a national referendum voted in favor of the US-Central American Free Trade Agreement (CAFTA). CAFTA implementation needs to be completed by March 1, 2008 and would result in an improved investment climate.	Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. Poverty has remained at roughly 20% for nearly 20 years, and the strong social safety net that had been put into place by the government has eroded due to increased financial constraints on government expenditures. Immigration from Nicaragua has increasingly become a concern for the government. The estimated 300,000-500,000 Nicaraguans estimated to be in Costa Rica legally and illegally are an important source of (mostly unskilled) labor, but also place heavy demands on the social welfare system. Foreign investors remain attracted by the country's political stability and high education levels, and tourism continues to bring in foreign exchange. The government continues to grapple with its large internal and external deficits and sizable internal debt. Reducing inflation remains a difficult problem because of rising import prices, labor market rigidities, and fiscal deficits. The country also needs to reform its tax system and its pattern of public expenditure. The current administration has made it a priority to pass the necessary reforms to implement the US-Central American Free Trade Agreement (CAFTA). CAFTA implementation would result in an improved investment climate.
Exchange rates	Costa Rican colones per US dollar - 519.53 (2007), 511.3 (2006), 477.79 (2005), 437.91 (2004), 398.66 (2003)	Costa Rican colones per US dollar - 511.3 (2006), 477.79 (2005), 437.91 (2004), 398.66 (2003), 359.82 (2002)
Exports	2,998 bbl/day (2004)	NA bbl/day
Exports - commodities	bananas, pineapples, coffee, melons, ornamental plants, sugar; seafood; electronic components, medical equipment	bananas, pineapples, coffee, melons, ornamental plants, sugar; textiles, electronic components, medical equipment
Exports - partners	US 27.5%, Netherlands 12.2%, China 11.7%, UK 6.2%, Mexico 5.8% (2006)	US 27.4%, Netherlands 12.2%, China 11.7%, UK 6.2%, Mexico 5.8% (2006)
GDP - composition by sector	agriculture: 8.6% industry: 29.4% services: 62.1% (2007 est.)	agriculture: 8.7% industry: 28.9% services: 62.4% (2006 est.)
GDP - real growth rate	6.1% (2007 est.)	7.9% (2006 est.)
Imports	43,640 bbl/day (2004)	NA bbl/day
Imports - commodities	raw materials, consumer goods, capital equipment, petroleum, construction materials	raw materials, consumer goods, capital equipment, petroleum
Industrial production growth rate	7% (2007 est.)	8.4% (2006 est.)
Industries	microprocessors, food processing, medical equipment, textiles and clothing, construction materials, fertilizer, plastic products	microprocessors, food processing, textiles and clothing, construction materials, fertilizer, plastic products
Inflation rate (consumer prices)	9.3% (2007 est.)	11.5% (2006 est.)
International organization participation	BCIE, CACM, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM (observer), OAS, OPANAL, OPCW, PCA, RG, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO	BCIE, CACM, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM (observer), OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Judicial branch	Supreme Court or Corte Suprema (22 justices are elected for renewable eight-year terms by the Legislative Assembly)	Supreme Court or Corte Suprema (22 justices are elected for eight-year terms by the Legislative Assembly)
Labor force	1.946 million note: this official estimate excludes Nicaraguans living in Costa Rica (2007 est.)	1.874 million note: this official estimate excludes Nicaraguans living in Costa Rica (2006 est.)
Labor force - by occupation	agriculture: 14% industry: 22% services: 64% (2006 est.)	agriculture: 20% industry: 22% services: 58% (1999 est.)
Legislative branch	unicameral Legislative Assembly or Asamblea Legislativa (57 seats; members are elected by direct, popular vote to serve four-year terms) elections: last held 5 February 2006 (next to be held in February 2010) election results: percent of vote by party - NA; seats by party - PLN 25, PAC 17, PML 6, PUSC 5, PASE 1, PFA 1, PRN 1, PUN 1	unicameral Legislative Assembly or Asamblea Legislativa (57 seats; members are elected by direct, popular vote to serve four-year terms) elections: last held 5 February 2006 (next to be held in February 2010) election results: percent of vote by party - NA; seats by party - PLN 25, PAC 17, PML 6, PUSC 5, other 4
Pipelines	refined products 242 km (2007)	refined products 242 km (2006)
Political parties and leaders	Authentic Member from Heredia [Jose SALAS]; Citizen Action Party or PAC [Epsy CAMPBELL Barr]; Costa Rican Renovation Party or PRC [Gerardo Justo OROZCO Alvarez]; Democratic Force Party or PFD [Marco NUNEZ Gonzalez]; General Union Party or PUGEN [Carlos Alberto FERNANDEZ Vega]; Homeland First or PP [Juan Jose VARGAS Fallas]; Independent Worker Party or PIO [Jose Alberto CUBERO Carmona]; Libertarian Movement Party or PML [Otto GUEVARA Guth]; National Christian Alliance Party or ANC [Juan Carlos CHAVEZ Mora]; National Integration Party or PIN [Walter MUNOZ Cespedes]; National Liberation Party or PLN [Francisco Antonio PACHECO Fernandez]; National Patriotic Party or PPN [Daniel Enrique REYNOLDS Vargas]; National Restoration Party or PRN [Fabio Enrique DELGADO Hernandez]; National Union Party or PUN [Arturo ACOSTA Mora]; Nationalist Democratic Alliance or ADN [Jose Miguel VILLALOBOS Umana]; Patriotic Union or UP [Jose Miguel CORRALES Bolanos]; Social Christian Unity Party or PUSC [Luis FISHMAN Zonzinski]; Union for Change Party or UPC [Antonio ALVAREZ Desanti]; United Leftist Coalition or IU [Humberto VARGAS Carbonel]	Authentic Member from Heredia [Jose SALAS]; Citizen Action Party or PAC [Otton SOLIS]; Costa Rican Renovation Party or PRC [Gerardo Justo OROZCO Alvarez]; Democratic Force Party or PFD [Vladimir DE LA CRUZ]; General Union Party or PUGEN [Carlos Alberto FERNANDEZ Vega]; Homeland First or PP [Juan Jose VARGAS Fallas]; Independent Worker Party or PIO [Jose Alberto CUBERO Carmona]; Libertarian Movement Party or PML [Otto GUEVARA Guth]; National Christian Alliance Party or ANC [Juan Carlos CHAVEZ Mora]; National Integration Party or PIN [Walter MUNOZ Cespedes]; National Liberation Party or PLN [Francisco Antonio PACHECO]; National Patriotic Party or PPN [Daniel Enrique REYNOLDS Vargas]; National Restoration Party or PRN [Carlos AVENDANO]; Nationalist Democratic Alliance or ADN [Jose Miguel VILLALOBOS Umana]; Patriotic Union or UP [Humberto ARCE Salas]; Social Christian Unity Party or PUSC [Luis FILMAN]; Union for Change Party or UPC [Antonio ALVAREZ Desanti]; United Leftist Coalition or IU [Humberto VARGAS Carbonel]
Unemployment rate	5.5% (2007 est.)	6.6% (2006 est.)

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