Saturday 30 September 2023

Why is Costa Rica expensive?

Regulations are the most cumbersome among developed countries is one reason. Costa Rica is a country with the strictest regulations for setting up a new company, among the OECD member countries.

Paying the bills

Latest

2024 Marchamo reduction gets official approval

QCOSTARICA -- The end-of-the-year expenses will be lower for...

Dollar exchange expected to remain low for the rest of the year and close at ¢550

QCOSTARICA -- If you have debts in dollars you...

Thousands of Women March in Latin America Calling for Abortion Rights

Q24N (VOA) The streets of cities across Latin America...

US, Latin America Seek to Boost Cybersecurity

Q24N (VOA) Countries up and down the Western Hemisphere...

Costa rica president accused of making deal with cartels to reduce crime

QCOSTARICA -- "Indagan supuesto diálogo gobierno-narco", “Narcotráfico se afianza...

Costa Rica declares a state of emergency due to ‘migration crisis’ and prepares deportations

QCOSTARICA -- Costa Rica's migration crisis got out of...

Dollar Exchange

¢534.47 BUY

¢542.35 SELL

30 September 2023 - At The Banks - Source: BCCR

Paying the bills

Share

Q COSTA RICA – If you’re in Costa Rica and want to start a business, you’ll be facing the highest costs of all Organization for Economic Cooperation and Development (OECD) countries.

Consumer prices in Costa Rica are usually pricey due to a lack of competition since it’s hard to start up something new due to the many barriers set up by the government.

- Advertisement -

The OECD, founded in 1961 to stimulate economic progress and world trade, located in Paris, works to encourage good practices and share info about economic and social matters between its member countries.

Costa Rica joined the OECD in 2021, becoming the Organisation’s 38th member country.

The Product Market Regulation Index (2023 data expressed as a cost index from zero up) shows that setting up a business in Costa Rica has the most obstacles of all OECD countries, as seen in the table below.

Costa Rica 2,32
Türkiye 2,29
Colombia 2,12
Canadá 1,76
Corea 1,71
Bélgica 1,68
Luxemburgo 1,68
México 1,61
Francia 1,58
Grecia 1,56
Eslovakia 1,52
Suiza 1,52
Japón 1,46
Austria 1,45
Polonia 1,45
Islandia 1,44
Israel 1,41
Chile 1,41
Irlanda 1,38
Finlandia 1,37
Portugal 1,34
Italia 1,32
Hungria 1,32
Czechia 1,30
Slovenia 1,29
Latvia 1,28
Estonia 1,27
Nueva Zelanda 1,24
Lituania 1,18
Noruega 1,17
Australia 1,16
Suecia 1,11
Países Bajos 1,10
Alemania 1,08
España 1,03
Dinamarca 1,02
Reino Unido 0,78
- Advertisement -
Paying the bills
Avatar photo
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

Costa Rica’s economy would be the third with the highest growth in Latin America in 2023

QCOSTARICA -- Projections from the United Nations Economic Commission for Latin...

Ticos see the possibility of an economic crisis as very distant

QCOSTARICA -- The number of people who believe that Costa Rica...

Subscribe to our stories

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

%d bloggers like this: