Sunday 19 September 2021

Costa Rica: From Tourism and Agriculture to Medical Manufacturing and IT Services

Paying the bills

Latest

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...

Top 8 Ways To Make Money in 2021

There are many legal ways to make money in...

Otto Guevara compares Daniel Salas with a dictator for sanitary measures

QCOSTARICA - The vehicle restriction of odds and evens...

Today’s Vehicle Restriction September 19: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, September 19, vehicles with EVEN...

What are we celebrating?

QCOSTARICA - From the gallows humor department is the...

Sala IV rejects covid patient’s claim for Caja to pay the cost of a private hospital

QCOSTARICA - A claim made by a family against...
Paying the bills

Share

Some people might not see Costa Rica nestled between Nicaragua and Panama in Central America. With a population of around 4.5 million inhabitants, it has a very stable economy that has come from its tourism. Although its economy is based on its travel, Costa Rica has also branched into other industries.

The country has also developed a thriving agriculture and medical manufacturing sector along with IT services such as TransPerfect. Let us take a look at these industries in a little more detail.

Tourism

- Advertisement -

Costa Rica is the most visited nation in the Central America region with over 2 million foreign visitors in 2013. This contributed to 1.9 billion dollars a year tourist industry centered around the countries national parks, sunny climate and many beaches.

There is also a rich history in the country with its pre-Columbia era right through the Spanish colonization up to modern day independence. You will see many old buildings from the Spanish colony including many churches. However, Costa Rica is becoming more than just a tourist hub.

Energy

Costa Rica can boast dozens of hydroelectric power plants thanks to its high rainfall and mountainous areas. They have claimed that they will be self-sufficient if plans for other power stations come to fruition. They are even exporting energy to other Central American countries.

In 2016 the country ran entirely on renewable sources for 110 consecutive days, with an average of 98% the rest of the year.

Agriculture

- Advertisement -

In the early 19th century, the first coffee was planted and the beans shipped all over the world, however, in 2013, the total export of coffee had dropped to 2.5%.

Other exports to come from the agriculture industry include Bananas, Pineapples, Sugar, Rice, Corn, and Potatoes. There is also a thriving export of meat and dairy produce, though this accounts for less than the other exports.

Costa Rica has a good infrastructure, and skilled labor

Medical Manufacturing

- Advertisement -

In recent years, Costa Rica has attracted some critical investments from big pharmaceutical companies. Proctor & Gamble have set up an administrative center in Costa Rica to cover the Western Hemisphere, and Abbott Laboratories along with Baxter Healthcare are also setting up similar centers.

These companies have not only helped regarding job opportunities, but they have also contributed to the country’s GDP.

IT Services

Another industry that is contributing a lot to the Costa Rican economy is IT Services. Investments from firms like intel.com have led to them building a $300 million custom made plant and employing 3,500 people.

This investment now contributes to 20% of the country’s exports and 4.9% of its GDP. With more people using the cloud to backup and upload their work using companies such as bytes.co.uk, there will be an even higher demand for processor chips and more output from Costa Rica’s plant.

There is no doubt that Costa Rica has made significant steps in attracting investment and creating a sustainable future for its people. The government is also investing in the country’s poorly maintained infrastructure including its railways.

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening in Costa...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his opposition to...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.