Economic
Why Costa Rica is Considered a “Bimonetary” Economy and Its Myths
Costa Rica is a small and open economy. Consumers buy most goods and services in colones. However, despite the country not being dollarized, there are some goods and services that are mostly offered in dollars.For example: vehicles, properties (sales...
Economic
Taking Advantage of Costa Rica`s Upward GDP Trend
Costa Rica has been experiencing a notable upward trend in its Gross Domestic Product (GDP), driven by a combination of political stability, economic diversification, and strategic foreign investment. This growth presents various opportunities for businesses and investors looking to...
Economic
Do You Want to Buy a House in Costa Rica: Is a Mortgage or a Trust Better?
The decision to buy a house is one of the most important in life; however, choosing the home that best fits our needs largely depends on the budget allocated for this purpose. Once the amount to invest is determined,...
Economic
Costa Rican Economy Will Grow By 4.5% This Year, Estimates the UCR
National production will reach 4.5% for this year, with a range between 4.4% and 4.7%. This is an improvement in the estimate compared to the July report, which estimated a growth of 3.4%.Good performance of the definitive regimeThe improvement...
Economic
Applying 10 Key Steps Can Facilitate the Process of Obtaining a Housing Loan in Costa Rica
Having one's own home is the dream and project of thousands of Costa Ricans, and this can be closer to becoming a reality if a series of steps are taken to achieve greater success in the credit application process.Precisely...
Economic
What Are the Opportunities for Improvement in Habits of Debtors in Costa Rica?
On different occasions, experts have mentioned the need for financial education among the Costa Rican population. From implementing and adhering to budgets to having a conscious control of expenses, these are part of the habits that need improvement.This has...
Economic
Costa Rica Opens New Doors for Trade Facilitation With Entry Into Force of the Kyoto Convention
This week, the "International Convention on the Simplification and Harmonization of Customs Procedures (Amendment)," known as the "Revised Kyoto Convention (RKC)," came into effect in our country. It was approved at the beginning of September this year by the...
Economic
Costa Rica is Consolidating Itself as a Nearshoring Hub in Latin America
In a global context marked by the search for efficiency in the supply chain and geographic diversification, Costa Rica has emerged as a strategic destination for nearshoring in Latin America. According to the recent JLL report, “Nearshoring – Unveiling...
Economic
Costa Rica to Report New Record in Attracting Foreign Investment for Second Consecutive Year
Costa Rica will reach a record figure in terms of foreign direct investment this year, going from $3.788 billion in 2023 to $4.5 billion by the end of this year, according to data from the Central Bank.This will position...
Economic
Oyster Farming: Socioeconomic Alternative for Communities on the Costa Rican Pacific Coast
This work accompanies undertakings by coastal groups dedicated to the cultivation of curly oysters (Magallanagigas) in long line suspended systems. It began with the biotechnological development validated in the cultivation methodology and closed-cycle seed production and after the presentation...
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The Transformation of Nutrition for Well-Being in Costa Rica
Modern living conditions and human quality of life are better than ever today. However, neither physically nor psychosocially have...