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Dependence on Foreign Investment
In an increasing fashion, the
economic stability of Costa Rica
depends on direct foreign
investment.
Every year, the funds from that
source cover a larger chunk of
the current account deficit,
which is the difference between
the amount the country pays for
imported goods and the income
from sales and services abroad.
In 2006, the amount paid for
imports was us$1.088 billion
higher than the one of the goods
and services sold abroad. The
difference was equal to 5
percent of the Gross Domestic
Product, the second highest in
Latin America and the Caribbean.
Without the dollars from direct
foreign investment, there would
have been pressure to further
devaluate the colon, analysts
say.
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