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Costa Rica and Its Economy

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Submitted By satchelhudson
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The lovely Central American country of Costa Rica was first discovered by the famous explorer Christopher Columbus. He stumbled across it during his 4th voyage to the Americas in September of 1502. The name Costa Rica (rich cost) came given by another Spaniard, Gil Gonzalez Davila, because of all the gold the natives wore as jewelry. In 1821 Costa Rica and the rest of Central America rebelled against Spain. As a Central American country it is almost inevitable for Costa Rica to be involved in some kind of Civil War. In 1948, Costa Rica was involved in civil war. The civil war was started because of the turmoil because their leader, Calderon, was accused of stealing the election. They ant-calderonistas overthrew their government and restored Costa Rica to a rather peaceful state. Since then, costa rica hasn’t gone through much size change since it was established. Costa Rica has control over only nearby islands but has no Colonies. Since 1949, the Costa Rican Government style and structure has remained the same. It is now a Democratic Republic style of government with a multi-parties system structure. The Costa Rican Chief of State is President Luis Guillermo Solis. He obtained his power by election. The Mixed market economy of Costa Rica is has remained stable in recent years. The national currency of Costa Rica is Costa Rican the Colon. The exchange rater between the US Dollar and the Costa Rican Colon is 1USD/534.45CRC. This means the Colon is rather weak. Costa Rica’s top five exports are bananas, pineapples, coffee, melons, and ornamental plants. Its top five imports are raw materials, consumer goods, capital equipment, petroleum, and construction materials. The gross domestic product of Costa Rica is $70.97 billion. The unemployment rate in Costa Rica is about 8.00%. It’s not the lowest, but it’s not bad at all.the Inflation rate, as of 2016, is roughly…...

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