what type of economic system does costa rica have
Economy of Costa Rica The country has evolved from an economy that once depended solely on agriculture, to one that is more diverse, based on tourism, electronics and medical components exports, medical manufacturing and IT services.[12][14] Corporate services for foreign companies employ some 3% of the workforce.[15] Of the GDP, 5.5% is generated by agriculture, 18.6% by industry and 75.9% by services (2016).[2] Agriculture employs 12.9% of the labor force, industry 18.57%, services 69.02% (2016)[16] Many foreign companies operate in the various Free-trade zones.[17] In 2015, exports totalled US$12.6 billion while imports totalled US$15 billion for a trade deficit of US$2.39 billion.[6]
Costa Rica Costa Rica is located on the Central American isthmus, lying between latitudes 8° and 12°N, and longitudes 82° and 86°W. It borders the Caribbean Sea (to the east) and the Pacific Ocean (to the west), with a total of 1,290 kilometres (800 mi) of coastline, 212 km (132 mi) on the Caribbean coast and 1,016 km (631 mi) on the Pacific. Costa Rica also borders Nicaragua to the north (309 km or 192 mi of border) and Panama to the south-southeast (330 km or 210 mi of border). In total, Costa Rica comprises 51,100 square kilometres (19,700 sq mi) plus 589 square kilometres (227 sq mi) of territorial waters.