• Costa Rica Real Estate

Costa Rica falls seven spots in Global Competitiveness Index

October 10, 2019

Costa Rica fell seven spots to 62nd in the latest Global Competitiveness Index rankings, which were released by the World Economic Forum this week.

The index considers such factors such as infrastructure, macroeconomic stability, business dynamism and innovation capability, according to the report.

Costa Rica scored highest in health, where it ranks 25th worldwide as a result of Ticos’ high life expectancy.

The country also improved in the categories of infrastructure, information and communication technology (ICT) adoption, macroeconomic stability, financial system, market size, business dynamism and entrepreneurial culture.

But Costa Rica’s overall ranking fell due in part to its high homicide rate (124th out of 141 countries) and more direct economic barriers such as high administrative requirements (107th overall), which considers the amount of time it takes to start a business.

Costa Rica in the 2019 Global Competitiveness Index
Costa Rica in the 2019 Global Competitiveness Index. Screenshot.

Costa Rica now ranks fifth in Latin America and the Caribbean, behind Chile (33rd overall), Mexico (48th), Uruguay (54th) and Colombia (57th).

Singapore overtook the United States for the top overall spot in this year’s report.

Read the full report here.

You may be interested

Pic of the Day: Stunning views on the road to Monteverde
Monteverde
15 views
Monteverde
15 views

Pic of the Day: Stunning views on the road to Monteverde

The Tico Times - December 14, 2019

The drive to Monteverde isn't an easy one, so it's best to have some patience and let yourself enjoy the…

These were the most popular Google searches in Costa Rica this year
Costa Rica
77 views
Costa Rica
77 views

These were the most popular Google searches in Costa Rica this year

The Tico Times - December 14, 2019

Google has just released its Year in Search 2019, where it recaps the most popular searches on the internet giant.…

Pic of the Day: It’s beginning to look a lot like Christmas in Costa Rica
Pic of the Day
68 views
Pic of the Day
68 views

Pic of the Day: It’s beginning to look a lot like Christmas in Costa Rica

The Tico Times - December 13, 2019

It’s that time of the year again – when there is absolutely no chance of a white Christmas in Costa…

Do NOT follow this link or you will be banned from the site!