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Republic of Costa Rica

Republic of Costa Rica
República de Costa Rica  (Spanish)
Anthem: "Noble patria, tu hermosa bandera" (Spanish)
"Noble motherland, your beautiful flag"
Location of Costa Rica
Location of Costa Rica
Capital
and largest city
San José
9°56′N 84°5′W / 9.933°N 84.083°W / 9.933; -84.083
Official languages Spanish
Recognized regional languages
Ethnic groups (2011)
Religion Roman Catholicism
Demonym
Government Unitary presidential constitutional republic
• President
Luis Guillermo Solís
Helio Fallas Venegas
Ana Helena Chacón Echeverría
Legislature Legislative Assembly
Independence declared
• from Spain
September 15, 1821
July 1, 1823
1838
• Recognized by Spain
May 10, 1850
• Constitution
November 7, 1949
Area
• Total
51,100 km2 (19,700 sq mi) (126th)
• Water (%)
0.7
Population
• 2016 estimate
4,857,274 (123rd)
• Density
220/sq mi (84.9/km2) (107th)
GDP (PPP) 2017 estimate
• Total
$85.781 billion
• Per capita
$17,260
GDP (nominal) 2017 estimate
• Total
$59.976 billion
• Per capita
$12,032
Gini (2009) 40.7
medium
HDI (2016) Increase 0.776
high · 66th
Currency Costa Rican colón (CRC)
Time zone CST (UTC−6)
Drives on the right
Calling code +506
ISO 3166 code CR
Internet TLD .cr
.co.cr

Coordinates: 10°N 84°W / 10°N 84°W / 10; -84

Costa Rica (/ˌkɒstə ˈrkə/; Spanish: [ˈkosta ˈrika]; literally meaning "Rich Coast"), officially the Republic of Costa Rica (Spanish: República de Costa Rica), is a country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west, the Caribbean Sea to the east, and Ecuador to the south of Cocos Island. It has a population of around 4.9 million, in a land area of 51,060 square kilometers (19,714 square miles); over 300,000 live in the capital and largest city, San José with a population of an estimated 333,980 in 2015.

Costa Rica has been known for its stable democracy in a region that has had some instability and for its highly educated workforce, most of whom speak English. The country spends roughly 6.9% of its budget (2016) on education, compared to a global average of 4.4%. Its economy, once heavily dependent on agriculture, has diversified to include sectors such as finance, corporate services for foreign companies, pharmaceuticals, and ecotourism. Many foreign companies (manufacturing and services) operate in Costa Rica's Free Trade Zones (FTZ) where they benefit from investment and tax incentives.


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