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THE 10 BEST PLACES TO RETIRE IN 2025

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Costa Rica Facts And Figures

Our Costa Rica facts and figures cover everything from population to capital city, taxes to property ownership, and much more.

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Facts About Costa Rica

Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

Reviewed By Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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Table Of Contents

 
Information Type Costa Rica Data
Population 5,212,173 (2023)
Gross Domestic Product PPP (GDP) US$139 billion (2023 est.)
GDP Per Capita US$26,422 (2023). Costa Rica made a strong recovery from the recession caused by the pandemic, as highlighted in the Economic Survey from February 2023.
Inflation Rate -1.87% (2023)
Currency Costa Rican colón
Exchange Rate Versus U.S. Dollar 514.32 colones per U.S. dollar (Feb. 2024)
Language Spanish (official), English
Capital San José
Population of Capital City 1.46 million (2023)
Time Zone GMT – 6 (One hour behind Washington, DC, during Standard Time)
Seasons Tropical and subtropical; dry season (December to April); rainy season (May to November); cooler in highlands
International Dialing Code 506
Electricity 120V / 60Hz: Plug Types: A/B
System of Government Democratic Republic
Current Leader President Rodrigo Chaves Robles (since May, 2022)
Income Tax Rate for Residents Progressive Tax of 15%, Self-employed range from 10% to 25%
Property Tax 0.25% of appraised value
Capital Gains Tax Capital gains are exempted unless the gains are derived from the habitual activity of the seller or the assests sold are tangible and can be depreciated. Such gains are taxed at 30%.
Inheritance Tax Inheritance and gifts are not specifically taxed in Costa Rica.
Rental Income Tax 1.5% transfer tax and 0.25% municipal tax on real property apply. And annual “luxury house tax” also apply depending on the value of the asset
Transfer Tax 1.5%
Sales Tax 13% (no tax on basic items)
Restrictions on Foreign Ownership of Property No
Local Chamber of Commerce http://www.camara-comercio.com/
American Chamber of Commerce http://www.amcham.co.cr/
Primary Exports Bananas, pineapples, coffee, melons, ornamental plants, sugar; beef; seafood; electronic components, medical equipment.
Residency and Visa Requirements Generally, citizens of the United States, Canada and the European Union countries do not require a visa to enter Costa Rica. Those citizens can enter Costa Rica with their valid passport and remain in the country for up to a maximum of 90 days.
Residents or Retirees Pensionados (retirees with pensions) only need to have a US$600 pension per month to qualify for retirement Visas. These must be renewed every year. Anyone over the age of 45 can apply for retirement resisdency. No taxes on retirement income. Foreigners living in CR do not have to pay taxes on money earned abroad.
National Airline www.taca.com
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Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

Reviewed By Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

Start Your New Overseas Life Today

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2025

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Table Of Contents

Costa Rica Facts And Figures- FAQs

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Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

Portugal is known for Fado music and also for being the largest cork producer in the world.

Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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