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Article: Costa Rica offers lackluster performance.(economic conditions and population growth)
- Article from:
- Market Latin America
- Article date:
- January 1, 2006
CopyrightCOPYRIGHT 2006 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In news reports and commentary one often reads about the stability of the government of Costa Rica. The country is routinely represented as a model democracy in Central America, a haven for tourists and an oasis of calm for its citizens in a troubled region.
But a straightforward reading of Costa Rica's macroeconomic statistics suggests that the country has most of the economic problems of any developing country.
The decade average of Costa Rica's GDP growth is 4.5 percent-using International Monetary Fund (IMF) statistics including the IMF's prediction that GDP for 2006 will be 2.7 percent greater than it was in 2005. In 2005, GDP grew 3.2 percent over ...