• Costa Rica Coffee Guide

President Applauds Export-Sector Growth

December 10, 2004

ACCORDING to the Central Bank,Costa Rican exports have increased by anaverage of 9% during the past decade,with a 10.5% increase in January-October2004 (not including exports from Intel deCosta Rica) when compared to the sameperiod in 2003.This growth in the export sectorhelped the national economy grow 6.5%in real terms in 2003, according to a statementfrom President Abel Pacheco’s economicteam.In a speech to business executives andexporters assembled for NationalExporter’s Day Dec. 2, Pacheco attributedthe country’s export growth to progressiveexport policies, attraction of foreigninvestment, and the successful negotiationof free-trade agreements with the UnitedStates and with Caribbean countries.The President said Costa Rica longattempted to strengthen its economy byconcentrating on its internal marketsrather than export possibilities, and calledthe country’s export growth over the pasttwo decades “a real revolution.”Statistics from the Foreign TradePromotion Office (PROCOMER) showfood exports grew 26.4% from January-October of this year when compared tothe same period in 2003, while manufacturing(without Intel) grew close to 10%,and agricultural exports 7.3%. (Exportstatistics are commonly provided withoutIntel because including the technologygiant’s export figures creates a misleadingpicture of national export trends.)Costa Rica exports 3,565 differentproducts to more than 138 destinations.In addition, Costa Rica is the highestrankedLatin American country in theHigh Technology Index and is among the30 principal international exporters ofhigh technology products.

You may be interested

Why Birds and Birders in Costa Rica Flock to Monteverde
Birding
1527 views
Birding
1527 views

Why Birds and Birders in Costa Rica Flock to Monteverde

Dorothy MacKinnon - January 24, 2021

What makes Monteverde a must-stop on almost every birding tour of Costa Rica? To paraphrase the real estate experts: habitat,…

US, Mexico, Guatemala bar migrant caravans, citing Covid
Central America
127 views
Central America
127 views

US, Mexico, Guatemala bar migrant caravans, citing Covid

AFP - January 24, 2021

The United States, Mexico and Guatemala agreed Friday to bar migrant caravans from passing through their territories due to the…

Costa Rica and IMF reach technical agreement on fiscal adjustment
Costa Rica
1242 views
Costa Rica
1242 views

Costa Rica and IMF reach technical agreement on fiscal adjustment

AFP and The Tico Times - January 23, 2021

Costa Rica and the International Monetary Fund (IMF) announced Friday an agreement to balance the country's finances, which rules out…