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About Costa Rica

Costa Rica Population: 3,956,507 (July 2004 est.)
Languages: Spanish (official), English
Capital: San Jose
Government Type: Democratic Republic
Independence Day: 15 September 1821 (from Spain)
Legal System: Based on Spanish civil law system; judicial review of legislative acts in the Supreme Court; has accepted compulsory ICJ jurisdiction.
Currency: Costa Rican colon (CRC)

Executive Branch:

Chief of State: President Abel PACHECO (since 8 May 2002); First Vice President Lineth SABORIO (since NA May 2002); Second Vice President Luis FISHMAN (since NA May 2002); note - the president is both the chief of state and head of government.

Head of Government: President Abel PACHECO (since 8 May 2002); First Vice President Lineth SABORIO (since NA May 2002); Second Vice President Luis FISHMAN (since NA May 2002); note - the president is both the chief of state and head of government.

American Embassy: Calle 120 Avenida O, Pavas, San Jose
Mailing Address: APO AA 34020
Telephone: [506] 519-2000, 975-6411 FAX: [506] 519-2305

General Overview: Costa Rica is a Central American success story: since the late 19th century, only two brief periods of violence have marred its democratic development. Although still a largely agricultural country, it has expanded its economy to include strong technology and tourism sectors. The standard of living is relatively high. Land ownership is widespread.

Economic Overview: Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. Poverty has been substantially reduced over the past 15 years, and a strong social safety net has been put into place. Foreign investors remain attracted by the country's political stability and high education levels, and tourism continues to bring in foreign exchange. Low prices for coffee and bananas have hurt the agricultural sector. The government continues to grapple with its large deficit and massive internal debt. The reduction of inflation remains a difficult problem because of rises in the price of imports, labor market rigidities, and fiscal deficits. Costa Rica recently concluded negotiations to participate in the US - Central American Free Trade Agreement, which, if ratified by the Costa Rican Legislature, would result in economic reforms and an improved investment climate.

International Disputes: legal dispute over navigational rights of Rio San Juan on the border with Nicaragua remains unsolved.