Various industrial and processed agricultural products have broadened exports in recent years, as have high value-added goods, including medical devices. The total number of officially accredited programs in the four universities participating in the Project has also surpassed the target of 106. Palm oil for domestic consumption is an important product from the southern Pacific lowlands. A country with a costly health and pension system, by 2018 Costa Rica saw its deficit inch up to stand at 6.2 percent of gross domestic product. The economy rebounded after the economic stagnation of the 1980s; by the beginning of the 21st century, the rate of annual GNP growth was above the Central American average and was double the world average, while the country’s chronic inflation had been brought largely under control. The emphasis in the economy has been placed on the governmental promotion of human development and welfare, while still allowing private companies to operate in some industries. The Sustainable Fisheries Development Project in the amount of US$75.1 million will help fishermen increase productivity and sustainability, while the Fiscal Management Improvement Project in the amount of US$156.64 million will ease tax compliance and border-closing costs and improve expenditure management. Based on this CPF, the WBG is supporting the Government’s efforts to bolster fiscal sustainability, increase the efficiency of its fiscal management, and strengthen its capacity. Puntarenas San José Alajuela Guanacaste Limón Cartago Heredia. The Economy of Costa Rica Economy - overview: Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. The surrounding countries had made huge fortunes by focusing on cash crops such as sugar or tobacco, and after indep… Economy - overview: Since 2010, Costa Rica has enjoyed strong and stable economic growth - 3.8% in 2017. Costa Rica’s fishing industry, concentrated mostly on the Pacific coast and focusing primarily on tuna and shrimp, supplies both the domestic market and exports. In fact, its economy depends mainly on tourism, which is a rapidly expanding industry, agriculture and the export of electronic components. The active portfolio in Costa Rica includes four projects totaling US$952 million in net commitments. Costa Rica is a well-known coffee producing region , while pineapples, bananas, sugar, beef, and ornamental plants also contribute to its economy. Support is also given to the country through the Disaster Risk Management Financial Strategy, which is expected to be approved in the next months. Other projects, approved on March 2020, will support the Government in their policy response during the health crisis and after to ensure fiscal sustainability. Sugar and coffee, from the highlands; bananas, produced mainly in the Caribbean lowlands; and pineapples, grown in farms located throughout the country, are some of the most important crops, accounting for nearly half the total value of all exports. Various industrial and processed agricultural products have broadened exports in recent years, as have high value-added goods, including medical devices. At its monetary policy meeting on 28 October, the Central Bank of Costa Rica decided to maintain the monetary policy rate at its record low of 0.75%, having cut it from 1.25% on 17 June. Enrollment in undergraduate programs has reached the target of more than 102,000 students; and in graduate programs more than 7,000. Costa Rica: Central Bank stands pat in October. The Costa Rican Presidency on Tuesday introduced two new bills and supported six others meant to help the country cut costs in context of a growing financial crisis. Through Reimbursable Advisory Service (RAS) for the health sector, the WBG helped develop a roadmap to increase the efficiency and quality of health services over the short and medium term. The Gross Domestic Product (GDP) in Costa Rica was worth 61.77 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Costa Rica's economy emerged from recession in 1997 and has shown strong aggregate growth since then. Turning coffee beans for even drying in the Costa Rican heartland, near San José. Although it still maintains a large agricultural sector, Costa Rica has expanded its economy to include strong technology and tourism industries. Exports of bananas, coffee, sugar, and beef are the backbone of its commodity exports. Now the Costa Rican economy and employement strongly depends on the quantity of microprocessors that are sold internationally each year. Costa Rica has the capacity to feed itself but dedicates a large share of its land to the production of export crops. During the 1980s the Costa Rican standard of living declined somewhat as a result of economic stagnation and inflation, but by the 1990s and into the 21st century the country was again vying with Panama and Belize for Central America’s highest per capita gross national product (GNP). Quite the same Wikipedia. (QCOSTARICA) Unemployment in Costa Rica reached 20.1% in the months of March, April, and May 2020, driven by the health measures taken to contain the outbreak of the new coronavirus. Its overall score has increased by 0.5 point due to an improved score for property rights. Poverty has remained at roughly 20% for nearly 20 years, and the strong social safety net that had been put into place by the government has eroded due to increased financial constraints on government expenditures. Costa Rica is considered one of the most economically prosperous countries in Central America and a major part of its economy comes from its agricultural exports. Since the 1990s there has been a constant flow into Costa Rica of Nicaraguans, more than 400,000 of whom were estimated to be living in the country in the early 2000s. Economic growth rebounded from -0.9% in 1996 to 4% in 1997, 6% in 1998, 7% in 1999. This decrease in the population growth rate was largely attributable to the fact that, by the late 20th century, middle-class Costa Rican families were having fewer children than previous generations. Per capita national debt, however, is among the largest in Central America. The improvement in colon cancer screening also exceeded the goal by reaching 15 percent of the target population. 57.3 % of the Raising Curious Learners podcast the active portfolio in Rica... 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