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Economic
screen of 25 countries in
Central America & Caribbean,
analyzed the following criteria:
Costa
Rica is #1 in terms of ...
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Lowest
cost
per acre (on or near the
beach) |
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Desireable
Climate (consistent warm
weather, average mean temp 26C, as well as low risk to property) |
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Country
(legal systems &
clear title, democracy) |
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Culture (open to foreign investment & tourism) |
Costa
Rica ranked highest of all 25 tropical countries
surveyed in terms of affordable land that was
available on the ocean, in a democracy with a
strong legal system, no hurricanes, with
predictable, beautiful weather and the friendliest people in Central America. (Belize scored second, but didn’t
have the tourism & investment momentum Costa
Rica currently enjoys). Moreover, Costa Rica’s
healthcare system is world class, compared by
many to the high standards we enjoy in mature economies.
Costa
Rica is blessed as a unique investment
opportunity that offers a great quality of life,
with the opportunity to live overlooking white
sand beaches on the ocean, in a tropical
paradise, for less than a similar summer cottage
would cost in Canada.
Costa Rica’s land prices are still very
affordable when compared to other developed
tropical destinations.
Economic Statistics- Costa Rica
Three key economic themes
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Inflation
falling from 15% to 9.4% in 2006
- Inflation forecast 8% in 2007 and 6%
in 2008
- In last 12 months (to Feb. ’07)
inflation fell from 12.7% to 8.8%
- Lowest inflation rate since 1978 |
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GDP growth
doubling since 2004 to 8% in ’06
- Public Debt/GDP down to 52% from 60%
in 2003 |
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Tourism
doubles in 3 years, to 1.7 million
visitors in 2006 (vs.800,000 in 2003).
US airline capacity up 20.5% in ‘05 |
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| Source: Director of the Central Bank, Costa Rica Economic Summit, San Jose, Feb 20-23 2007 |
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