Berliner Boersenzeitung - Costa Rica: Central America's green pin-up

EUR -
AED 3.975758
AFN 78.482387
ALL 103.753853
AMD 439.580139
ANG 1.95123
AOA 900.06655
ARS 908.134927
AUD 1.64922
AWG 1.948421
AZN 1.844473
BAM 1.955748
BBD 2.186072
BDT 118.828473
BGN 1.954029
BHD 0.408037
BIF 3102.319162
BMD 1.082456
BND 1.455781
BOB 7.4808
BRL 5.394208
BSD 1.082686
BTN 89.989065
BWP 14.943808
BYN 3.543154
BYR 21216.13942
BZD 2.182372
CAD 1.461451
CDF 2992.991488
CHF 0.95354
CLF 0.038504
CLP 1062.441908
CNY 7.789398
COP 4290.119882
CRC 557.079977
CUC 1.082456
CUP 28.685086
CVE 110.681562
CZK 25.351018
DJF 192.374523
DKK 7.45441
DOP 63.652625
DZD 145.839884
EGP 33.445772
ERN 16.236841
ETB 61.36486
FJD 2.41951
FKP 0.855961
GBP 0.853809
GEL 2.868932
GGP 0.855961
GHS 13.395438
GIP 0.855961
GMD 72.822277
GNF 9303.710503
GTQ 8.460696
GYD 226.513951
HKD 8.470273
HNL 26.872016
HRK 7.609769
HTG 143.588155
HUF 388.830681
IDR 16878.737856
ILS 3.929753
IMP 0.855961
INR 89.710393
IQD 1418.017482
IRR 45498.339857
ISK 149.09792
JEP 0.855961
JMD 169.337824
JOD 0.767504
JPY 162.803604
KES 158.03897
KGS 96.804465
KHR 4416.421239
KMF 492.463815
KPW 974.198977
KRW 1439.877725
KWD 0.333184
KYD 0.902288
KZT 488.303726
LAK 22612.508158
LBP 97042.189104
LKR 336.625675
LRD 206.370667
LSL 20.772745
LTL 3.196212
LVL 0.654767
LYD 5.2395
MAD 10.885724
MDL 19.385303
MGA 4908.938757
MKD 61.618354
MMK 2273.597275
MNT 3685.04062
MOP 8.724386
MRU 43.02804
MUR 49.511952
MVR 16.673873
MWK 1821.773978
MXN 18.53298
MYR 5.171438
MZN 68.740001
NAD 20.772741
NGN 1739.507314
NIO 39.861488
NOK 11.402998
NPR 143.982825
NZD 1.747068
OMR 0.416721
PAB 1.082686
PEN 4.125786
PGK 4.032191
PHP 60.524492
PKR 302.790072
PLN 4.307204
PYG 7881.716705
QAR 3.940686
RON 4.975189
RSD 117.199728
RUB 100.727993
RWF 1380.131518
SAR 4.059904
SBD 9.20138
SCR 14.902711
SDG 650.556479
SEK 11.168809
SGD 1.45395
SHP 1.37066
SLE 24.326527
SLL 21378.508201
SOS 618.627624
SRD 38.644806
STD 22404.655652
SVC 9.473878
SYP 14073.970275
SZL 20.772732
THB 38.903872
TJS 11.855283
TMT 3.799421
TND 3.381056
TOP 2.554925
TRY 33.61741
TTD 7.358939
TWD 34.185591
TZS 2760.2634
UAH 41.439811
UGX 4259.945269
USD 1.082456
UYU 42.348869
UZS 13571.297185
VEF 3920476.236401
VES 39.169998
VND 26671.718128
VUV 130.055299
WST 2.969683
XAF 655.948573
XAG 0.047093
XAU 0.000531
XCD 2.925392
XDR 0.817289
XOF 654.348602
XPF 119.331742
YER 270.993276
ZAR 20.8585
ZMK 9743.407668
ZMW 24.874336
ZWL 348.55042
  • RIO

    0.2750

    65.965

    +0.42%

  • CMSC

    0.0450

    24.825

    +0.18%

  • NGG

    0.6040

    66.634

    +0.91%

  • AZN

    1.7250

    65.855

    +2.62%

  • GSK

    0.1000

    42.26

    +0.24%

  • SLAC

    -0.0050

    10.305

    -0.05%

  • BP

    -0.1050

    35.385

    -0.3%

  • BTI

    0.0350

    30.505

    +0.11%

  • RYCEF

    -0.0300

    4.45

    -0.67%

  • RBGPF

    0.3360

    72.822

    +0.46%

  • SCS

    0.0550

    12.755

    +0.43%

  • CMSD

    0.0400

    24.8

    +0.16%

  • BCC

    3.2050

    129.745

    +2.47%

  • JRI

    0.0425

    11.53

    +0.37%

  • RELX

    0.1350

    44.485

    +0.3%

  • BCE

    -0.0350

    37.575

    -0.09%

  • VOD

    0.0650

    8.465

    +0.77%

Costa Rica: Central America's green pin-up
Costa Rica: Central America's green pin-up

Costa Rica: Central America's green pin-up

Costa Rica, which elects a new president Sunday, is a small country thriving on ecotourism. Its neutrality, strong democracy and political stability have earned it the nickname of Central America's Switzerland.

Text size:

Here are four facts about the country of more than five million people:

- Beacon of peace -

Independent since 1821, Costa Rica is considered a model of democracy in Central America.

A short civil war in 1948 led to the abolition of the army and helped put in place the country's political stability.

In the 1980s, when several other Central American countries were mired in civil wars, neutral Costa Rica acted as peace broker, earning then-president Oscar Arias Sanchez the Nobel Peace Prize in 1987.

It saw a political shift in 2014, when the two rightwing parties that had shared power since the 1960s -- the PLN and PUSC -- suffered an historic defeat as centrist Luis Guillermo Solis was elected president.

Outgoing president Carlos Alvarado is from the same party.

On the international stage Costa Rica has fought for disarmament and for a total end to nuclear weapons and the strengthening of the non-proliferation regime.

Over recent years it has seen an increase in organised crime, largely due to the drug trafficking that has ravaged its neighbours.

- Green paradise -

With its stunning beaches on the Pacific and Caribbean coasts, its lush rainforests and imposing volcanoes, Costa Rica has become known as a green democracy and global leader for its environmental policies.

Nature reserves cover a quarter of Costa Rica's 51,000 square kilometres (19,700 square miles), territory that hosts five percent of the world's biodiversity.

It is one of the few countries to have banned blood sports and to have shunned exploitation by the mining and oil giants, which are the main source of income for many Latin American countries.

Over the last decade the environment has nevertheless come under strain from economic development, with a poor administration of protected areas, increasing air, ground and water pollution, and damage caused by the cultivation of pineapples.

Costa Rica is nevertheless the only tropical country which has managed to reverse deforestation, according to the World Bank.

It has invested heavily in clean energy, passing the threshold of generating electricity exclusively from renewable energy 300 days in one year, in 2017.

The nation has vowed to eliminate the use of fossil fuels by 2050.

- Decades of growth -

Costa Rica has seen 25 years of regular economic growth, thanks to the opening up to foreign investment and a gradual liberalisation of foreign trade.

Its main exports are bananas, pineapples and coffee. It is also the world's biggest exporter of butterflies.

GDP per capita has tripled since 1960, but in 2020 it contracted by 4.1 percent due to the Covid pandemic.

In 2021 growth was expected to reach 3.8 percent, according to the World Bank.

The poverty rate that year rose to 23 percent, according to official statistics.

Costa Rica has a top-notch social security system and has invested heavily in education.

It is ranked 62nd out of 189 countries on the UN's Human Development Index.

The tourism sector represents eight percent of GDP, but was hammered by the pandemic.

A member of the OECD since 2021, the country has been trying to attract digital nomads to boost its economy.

- Land of asylum -

More than 100,000 Nicaraguans, fleeing the violent crackdown on anti-government protests, have taken refuge in Costa Rica.

A conservative, religious country, but with a long tradition of opening its arms to asylum seekers, Costa Rica has taken in hundreds of lesbians, gays, bisexuals and transgender people who were persecuted in their home countries in Central America.

(A.Lehmann--BBZ)