Economic
Costa Rica Is Among the Richest Countries In Latin America
Last year, the renowned magazine Global Finance reported that Costa Rica is among the richest countries in Latin America, in terms of the evolution of Gross Domestic Product (GDP) per capita.We refer to data for the year 2024, which...
Economic
Costa Rica: The New Silicon Valley
In recent years, Costa Rica has earned the moniker "The New Silicon Valley," thanks to its burgeoning tech industry and favorable business environment. This Central American nation, known for its lush rainforests and vibrant biodiversity, is now making waves...
World News
Canada says it is Ready For a Trade War With the United States
With the inauguration of the American president-elect, Donald Trump, who threatened to impose punitive tariffs on Canadian imports from the first day of his mandate, the Canadian government assured that it is prepared to retaliate against the United States.We...
Economic
These Are the ¢500 Coins that Will Stop Circulating in Costa Rica: When and What to do With Them?
The ¢500 coins, which are gold pieces and 33 millimeters in diameter, will lose their value as a means of payment as of July 1, 2025. This was reported by the Central Bank of Costa Rica (BCCR) this past...
Economic
The Case for Cryptocurrency Adoption in Costa Rican Businesses: A Path to Financial Inclusivity and Growth
The cryptocurrency boom, as evidenced by growing BTC/USDT interest over the past decade, has reshaped the financial landscape globally, and Costa Rica stands to benefit significantly from adopting this revolutionary technology. Cryptocurrencies offer businesses in Costa Rica new ways...
Economic
2025 Outlook: Costa Rica’s Economy to Grow 3.9%
The BN Valores stock exchange's economic outlook report for 2025 offers a view of how the economy will behave, both globally and in Costa Rica. Javier Cortés, economist and strategist at BN Valores, explains what this means and how...
Economic
January 1st, 2025: FTA of Costa Rica with The United States Finally Comes Into Full Force By Opening Competition For Two Last Sectors
It has been 20 years since the Central America-United States Free Trade Agreement (CAFTA) negotiations began. It has also been 17 years since Costa Rica held a referendum for its approval and 15 years since its implementation. Although all...
Economic
Business Groups Celebrate Costa Rica’s Entry into the Pacific Alliance
A conglomerate of 12 chambers and business groups issued a joint press release this Friday, December 13, celebrating Costa Rica's entry into the Pacific Alliance. The conglomerate, called Consejo Empresarial para la Alianza del Pacífico (CEAP) catalogued Costa Rica's...
Economic
Do You Have a Scientific-Based Business Venture or Idea Led by Women in Costa Rica?
The fifth edition of the Constelar program is open for applications until January 8, 2025, for women with scientific-based ventures or business ideas who wish to apply for non-reimbursable funds from the Development Banking System. (SBD).Constelar is led by...
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...
Latest News
What Costa Rica Can Learn from Australia’s Thriving Online Casino Industry
The iGaming industry has witnessed incredible growth in recent years. Due to digitization trends and the consistent introduction of...