Overview – The case for Costa Rica

 
Economic screen of 25 countries in Central America & Caribbean, analyzed the following criteria:

Costa Rica is #1 in terms of ...

  Lowest cost per acre (on or near the beach)
  Desireable Climate (consistent warm weather, average mean temp 26C, as well as low risk to property)
  Country (legal systems & clear title, democracy)
  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

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
GDP growth doubling since 2004 to 8% in ’06

- Public Debt/GDP down to 52% from 60% in 2003
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
 

 
Source: Director of the Central Bank, Costa Rica Economic Summit, San Jose, Feb 20-23 2007