Costa Rica, officially the Republic of Costa Rica is a country in Central America. It is bordered by Nicaragua to the north, Panama to the east and south, the Pacific Ocean to the west and south and the Caribbean Sea to the east. Costa Rica has consistently been among the top Latin American countries in terms of the Human Development Index. In 2007, the Costa Rican government announced plans for Costa Rica to become the first carbon neutral country by 2021.
• Ease of doing business ranking: 1211 • Economic freedom ranking: 462
Costa Rica was Singapore’s 76th largest trading partner in 2009 with total trade amounting to S$413 million3.