Costa Rica’s successful economic performance and social achievements realised over the last three decades are widely acknowledged. GDP per capita has steadily increased at higher rates than in most Latin American countries as the economy has evolved along its development path from a rural and agriculture-based to a more diversified economy integrated in global value chains. But Costa Rica faces challenges and must enhance and broaden the basis for productivity growth by strengthening its innovation system and enhancing the role of science, technology and innovation in addressing its national development goals.
Latin America and the Caribbean’s (LAC) GDP will shrink by between 0.9% and 1% in 2016, according to the latest estimates, the second consecutive year of negative growth and a rate of contraction the region has not seen since the early 1980s. According to the Latin American Economic Outlook 2017, the region should recover in 2017, but with modest GDP growth of between 1.5% and 2%, below expected growth in advanced economies.
English, PDF, 345kb
Boosting the productivity and competitiveness of the economy would help Costa Rica to progress further and take full advantage of its integration into GVCs. Improving the competitiveness of services sectors is particularly pertinent.
Today, Costa Rica becomes the 45th country to adhere to the Declaration. This commitment is further evidence of Costa Rica’s strong pledge to create an attractive climate for investment, to build on previous efforts which have already contributed substantially to the country’s economic progress. It is also an important step to strengthen the growing ties between Costa Rica and the OECD, said Angel Gurría.
This investment policy review examines Costa Rica's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.
Costa Rica today became the 45th country to adhere to an OECD international investment instrument, designed to help the country attract more and better foreign investment and promote responsible business conduct.
The investment policy reviews of the Caribbean Rim provide a factual assessment of investment conditions existing in each country. They offer a unique set of detailed information which should be of interest to all those concerned by the development of investment opportunities in the region. The reports are intended to be used by the countries involved as a roadmap for developing and implementing their agenda for investment policy
English, , 382kb
29 April 2003. Within the framework of the Carribbean Rim Investment Initiative (CRII), this study provides an overall factual assessment of investment conditions in Costa Rica.