Golden Reef Ocean View Condos
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Local Facts

Costa Rica...

Located in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Nicaragua and Panama.

Although it still maintains a large agricultural sector, Costa Rica has expanded its economy to include strong technology and tourism industries. The standard of living is relatively high. Land ownership is widespread.

Our Country area is slightly smaller than West Virginia.

Weather: tropical and subtropical; dry season (December to April); rainy season (May to November); cooler in highlands. About the terrain; coastal plains separated by rugged mountains including over 100 volcanic cones, of which several are major volcanoes.

The lowest point is the Pacific Ocean (0 m) and the highest point is Cerro Chirripo (3,810 m). We have occasional earthquakes, hurricanes along Atlantic coast; frequent flooding of lowlands at onset of rainy season and landslides; active volcanoes. Costa Rica has four volcanoes, two of them active, rise near the capital of San Jose in the center of the country; one of the volcanoes, Irazu, erupted destructively in 1963-65.

Costa Rica's basically stable economy depends on tourism, agriculture, and electronics exports. 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. Foreign investors remain attracted by the country's political stability and high education levels, and tourism continues to bring in foreign exchange.

The current administration has made it a priority to pass the necessary reforms to implement the US-Central American Free Trade Agreement (CAFTA). CAFTA implementation would result in an improved investment climate.

The most important Agriculture products are bananas, pineapples, coffee, melons, ornamental plants, sugar, corn, rice, beans, potatoes; beef; timber.