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Costa Rica

CAPITAL

San Jose

GDP

$86 billion

REGION

Americas

GDP PER CAPITA, PPP

$26,580

POPULATION

5,213,000

AREA

51,100 SQ.KM

Costa Rica stands out as Central America’s most stable and prosperous nation, with a democratic tradition spanning over a century. Home to 5.2 million people, Costa Rica abolished its military in 1949, dedicating resources instead to education and social development. The country’s biodiversity, spanning only 0.03 percent of Earth’s land area, contains approximately 6 percent of the planet’s species, making it a global conservation priority and ecotourism destination.

The Costa Rican economy historically depended on bananas and coffee, but has successfully diversified into technology, medical devices, and business services. The Central Valley hosts major semiconductor and software companies, earning Costa Rica recognition as a technology hub. Tourism ranks among top economic sectors, with visitors attracted to rainforests, volcanoes, and beaches. The nation has achieved one of Latin America’s highest percapita incomes and living standards.

Costa Rica maintains democratic governance, strong institutions, and relatively low corruption levels compared to regional peers. The nation has invested substantially in education and healthcare, achieving near-universal literacy and health coverage. Environmental conservation is deeply embedded in national identity, with over 25 percent of territory protected. Costa Rica ranks high globally in happiness and life satisfaction indices. Looking forward, the nation aims to become carbon-neutral by 2050, positioning itself as a sustainable development leader while maintaining economic growth.

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The country description included in this report was developed with the assistance of artificial intelligence.

David J. Reibstein, Ph.D.

The William S. Woodside Professor and

Professor of Marketing

Office

The Wharton School

University of Pennsylvania

3730 Walnut Street, 743 JMHH

Philadelphia, PA  19104

contact

Email: reibstein@wharton.upenn.edu
Telephone: 215-898-6643
Fax: 215-573-2129

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