Monday, 29 November 2021 07:56 GMT

Costa Rica lacks investment in infrastructure


The Central American country doesn't have enough investment, and it's short on maintenance as poverty rate has hit 23 percent over 2015 and unemployment rate reached 7.8 percent, based on recent report.

However, the government has offered tax exemptions for those willing to invest in the country, hence some global high-tech firms have already started developing in the area and are exporting goods, including Intel.

Additionally, pharmaceuticals, financial outsourcing, software development, and ecotourism have become the prime industries and top contributors in the nation's economy, not to mention the high level of education.

The republic's location provides access to American markets as it has the same time zone as the central part of the United States and direct ocean access to Europe and Asia, but still it's not utilized in the most efficient way.


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