What characteristic do the economies of Costa Rica and Panama share?

The economies of Costa Rica and Panama share a strong ecotourism sector, which has become a significant component of their economic models. Both countries boast diverse natural landscapes, including rainforests, beaches, and wildlife, which attract a large number of tourists seeking authentic and sustainable travel experiences.

Costa Rica is renowned for its commitment to conservation and biodiversity, having won awards for its pioneering efforts in ecotourism. The government emphasizes low-impact tourism, making the country a favored destination for travelers interested in environmental preservation and adventure activities.

Similarly, Panama also utilizes its rich biodiversity and unique geographic features, including the Panama Canal, to promote ecotourism. The country focuses on sustainable practices that benefit local communities and ecosystems, drawing tourists interested in bird watching, hiking, and exploring its national parks.

This shared focus on ecotourism not only contributes to economic growth in both nations but also promotes sustainable development and environmental awareness among visitors and residents alike.