Weekly Report - 11 April 2024 (WR-24-14)

COSTA RICA | Exports and investment booming. “Our economy has become an ever-more powerful jaguar,” Costa Rica’s President Rodrigo Chaves said on 3 April, referring to growth in exports and foreign direct investment (FDI). The foreign trade minister, Manuel Tovar, said exports had increased by 8% to US$2.96bn in the first two months of 2024 compared with the same period a year earlier, with every sector expanding (the food industry by as much as 20%), while FDI jumped by 24% to a record US$3.92bn over the same period. The manufacturing sector received the most FDI – 61% of the total – followed by the service sector (25%), tourism (7%), and real estate (7%).