Costa Rica is less dependent on the U.S. than you might think
Posted August 30th, 2008 by Christopher HowardThis helps to minimize the problems which currently plague the U.S. Ecoonmy.
Costa Rican depends less on the United States for exporting its products than before . This is due to sales to of the increase in sales to European, Central American, Asian and Caribbean countries.
In 2007, Costa Rica exported a total of $9,000 million in products, 35% to the U.S.A., 21% to Asia, 21% to Central America and the Caribbean, 15% to Europe and the 8% to other countries.
Further the real estate market is less leveraged that its U.S. counterpart. It is much harder to qualify for a loan that it was before. The country has buyers not just from the U.S. but from Europe, South America and other countries.
Filed under:News about Costa Rica
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