According to the World Bank, Costa Rica's GDP per capita is US$11,122 PPP (as of 2009); however, this developing country still faces lack of maintenance and new investment in infrastructure, a poverty rate estimated to be 23%, a 7.8% unemployment rate (2009 est.), and a trade deficit of 5.2%. For the fiscal year 2007, the country showed a government surplus. Economic growth in 2008 diminished to a 3% increase in the face of a global recession (down from 7% and 9% growth in the prior two years).
Costa Rica's inflation rate was an estimated 4.8% in 2011. On October 16, 2006, a new currency exchange system was introduced, allowing the value of the CRC colón to float between two bands as done previously by Chile. This policy's objective was to allow the Central Bank to be able to better tackle inflation and discourage the use of U.S. dollars. However, as of August 2009, the value of the colón against the dollar has decreased to 86% of its late-2006 value (see commonly available forex trading charts). The unit of currency is the colón, and as of May 2012, it trades around 507 to the US$, and about 660 colones to the euro.
The central government offers tax exemptions for those willing to invest in the country. Several global high tech corporations have already started developing in the area and are exporting goods, including chip manufacturer Intel, pharmaceutical company GlaxoSmithKline, and consumer products company Procter & Gamble. In 2006, Intel's microprocessor facility alone was responsible for 20% of Costa Rican exports and 4.9% of the country's GDP. Trade with Southeast Asia and Russia boomed during 2004 and 2005, and the country obtained full Asia-Pacific Economic Cooperation Forum (APEC) membership in 2007 after becoming an observer in 2004. The Financial Times Intelligent Unit awarded Costa Rica with the fDi’s Caribbean and Central American Country of the Future 2011/12 for its successful record in attracting FDI into the country, and
