In many respects, Costa Rica is an example of a successful country in terms of development, it is considered an upper middle-income country, and has experienced sustained economic growth over the last 25 years.
This progress is the result of an outward-oriented growth strategy, based on openness to foreign investment, as well as gradual trade liberalisation.
Costa Rica is also a world leader thanks to its environmental policies and achievements, which have helped the country build its Green Brand, making Costa Rica the only tropical country in the world to have reversed deforestation.
The combination of political stability, social contract and sustained growth has resulted in one of the lowest poverty rates in Latin America and the Caribbean.
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