being the number one destination country in the region in terms of foreign direct investment (FDI) project numbers since 2003.
In recent times, pharmaceuticals, financial outsourcing, software development, and ecotourism have become the prime industries in Costa Rica's economy. High levels of education among its residents make the country an attractive investing location. Since 1999, tourism earns more foreign exchange than the combined exports of the country's three main cash crops: bananas, pineapples and coffee. Coffee production has played a key role in Costa Rica's history and economy, and by 2006, was the third cash crop export.
The largest coffee growing areas are in the provinces of San José, Alajuela, Heredia, Puntarenas, and Cartago. Costa Rica is famous for its gourmet coffee beans, with Costa Rican Tarrazú among the finest arabica coffee beans in the world used for making espresso coffee, together with Jamaican Blue Mountain, Guatemalan Antigua and Ethiopian Sidamo.
Costa Rica's location provides access to American markets as it has the same time zone as the central part of the United States and direct ocean access to Europe and Asia. In a countrywide referendum on October 5, 2007, the voters of Costa Rica narrowly backed a free trade agreement, with 51.6% of "Yes" votes.
With a $2.2 billion per year tourism industry, Costa Rica is the most visited nation in the Central American region, with two million foreign visitors in 2008, which translates into a high expenditure per tourist of $1,077 per trip, one of the highest in the Caribbean Basin. In 2008, most visitors came from the United States (38.6%), neighboring Nicaragua (21.8%), Europe (11.3%) and Canada (5.2%). In 2005, tourism contributed 8.1% of the country's GNP, and represented 13.3% of direct and indirect employment. Tourism now earns more foreign exchange than bananas and coffee combined.
Ecotourism draws many tourists to visit the extensive national parks
