How is the Costa Rican Economy?

Costa Rica as many know is famous for its coffee exports which some of the finest in the world and the economy for a long time relied on coffee exports and other exports (bananas, pineapples, sugar and hardwoods). Nowadays the Costa Rican economy has had huge investment from the US and Europe and is rapidly developing its Technology and Services industry. However Tourism is the biggest factor within the economy with an annual increase of 10% in tourism per year.

Is the Government stable?

If you have heard the expression ‘the Switzerland of the Central Americas’ then people are usually talking about Costa Rica. Costa Rica is a peaceful country with no military and is governed by a democratically elected government. Costa Rica is the most stable country in the Central Americas and has the highest literacy rates in Central America (96%). There is strong emphasis on healthcare and education in Costa Rica as well as the Family being the stable influence in most Costa Rican societies. All in all Costa Rica is a haven for relaxation and peacefulness.

Is residency easy to get?

Well that depends, if you are looking to retire it is not hard as long as you can prove a pension income greater than $1,500. If you just want to move here and get residency then things get very complicated and its best to speak to a lawyer about this. If however you are in the fortunate position of marrying a Tica then residency is very simple.

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