Costa Rica

Last modification: 10 Aug 18
Introduction: 

Unlike some of its neighbors, Costa Rica rarely faces periods of violence which end up hindering democratic development. On December 1, 1948, it dissolved its armed forces.

Although the country still maintains a large agricultural sector, Costa Rica has expanded its economy, developing strongly in the industries of technology and tourism. 

Since 2010, the country has enjoyed stable economic growth. Its standard of living is relatively high for the region and land ownership is widespread.

Foreign investors remain attracted by the country's political stability and relatively high education levels, as well as the incentives offerd in the free-trade zones. 

Costa Rica's economy still faces some challenges though, and this is due to its rising fiscal deficit and public debt, and the relatively low levels of domestic revenue. 

 

 

Chapter 1: Economic and business environment

Demographics

Population 4.93 million (July 2017 est.)

Capital

San José (population 335,007)

Major cities

1. San José (335,007)
2. Puerto Limón (63,081)
3. San Francisco (55,923)
4. Alajuela (47,494)
5. Liberia (45,380)

 

Languages

Spanish (official)
English

GDP

US$58.9 billion (2017)
US$11,947 per capita 
 

 

Unemployment rate

8.7% (2018)

Main industries

Agriculture and food processing, technology, tourism, medical equipment, food processing, texiles and clothing, construction materials, fertilzier, plastic products.

 

Currency

Costa Rica Colón (CRC)

Interest rate

5% (2018)

Inflation

2.13% (2018)

Chapter 2 : Automotive market, segments & sales

Total Car park

1.4 million vehicles, approximately one vehicle per four inhabitants.  
(
including passenger cars, trucks, motorcycles, etc.)

Top 5 brands (total market)

1. Toyota (approx. 27% of the market)
2. Hundai (approx. 19% of the market)
3. Nissan (approx. 15% of the market)
4. Honda (approx. 10% of the market)
5. Mitsubishi (approx. 7% of the market)

Chapter 4: Taxation & legislation

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Chapter 5: Car policies

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Chapter 6: Funding methods

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Chapter 7: Fuel

Average gasoline price per liter: US$1.19 
World average: US$1.17
(est. August 1, 2018)

Chapter 8 : TCO components

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Chapter 9: Safety, insurance and telematics

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Chapter 10: Environment

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Chapter 11: Mobility

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Chapter 12: Key trends to watch

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