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Costa Rica's economy was historically based on agriculture, and this has had a large cultural impact through the years. Costa Rica's main cash crop, historically and up to modern times, was Bananas. The coffee crop had been a major export, but decreased in value to the point where it added only 2.5% to the 2013 exports of the country. [61]
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
An Intel microprocessor facility in Costa Rica that was, at one time, responsible for 20% of Costa Rican exports and 5% of the country's GDP (from Costa Rica) Image 40 The University of Costa Rica is the largest university in the country and one of the most recognizable across Central America .
Amid the turmoil back home, Rubio and Chaves spoke of immigration and security challenges that Costa Rica faces as it has become not just a transit country for migrants headed to the U.S. but also ...
Costa Rica also has struggled against soaring drug-related violence during the past two years. “We also understand that we need to strengthen our fight against international organized crime,” Chaves said, adding that Rubio had offered to continue U.S. support through waivers to allow that foreign assistance to continue flowing.
Costa Rica had 2.9 million foreign visitors in 2016, up 10% from 2015. [87] In 2015, the tourism sector was responsible for 5.8% of the country's GDP, or $3.4 billion. [88] In 2016, the highest number of tourists came from the United States, with 1,000,000 visitors, followed by Europe with 434,884 arrivals. [89]