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Costa Rica

Welcome to the price transmission page for Costa Rica. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Costa Rica

Historic Warnings per Commodity

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Background information

The aftermath of the financial crisis led to a contraction of Costa Rica´s economy, which has however resumed with a stable growth at a nearly 4% rate. The country is highly reliant on exports which account for one-third of total GDP. Traditional agricultural exports such as bananas, coffee, sugar and beef have dominated and still dominate the commodity-based export trade, but recently the range of products has widened to include more industrial and specialized agricultural products. Costa Rica enjoys political stability and relatively high levels of education and literacy and therefore is able to attract high levels of foreign investment in Latin America. Nevertheless, the competitiveness is burdened by poor bureaucratic and legal institutions as well as poor infrastructures and high energy costs.

The agricultural sector accounts for 6% of total GDP and engages roughly one-seventh of the total labor force, besides the crops destined to export corn, rice, beans are produced. In order to fulfill the internal demand, about 82% of the total cereals consumption is imported.

According to the HDI (2014), the upper middle income country displays a high human development level scoring 0.766 and an unemployment rate of 8.7%. Living conditions still have to be improved; poverty rates of 20-25% have been shockingly stable for two decades now and almost one-twentieth of children aged five or below is stunted. One reason for the lack of improvement of living conditions is that constraints on the government’s budget increasingly put pressure on the once strong social safety net.