No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rica registers 7.7 percent growth in service-sector exports

Costa Rica registers 7.7 percent growth in service-sector exports

Costa Rican services exports during the first half of 2013 totaled $2.9 billion, an increase of 7.7 percent over the same period in 2012, the Foreign Trade Ministry (COMEX) reported.

According to the agency, exports of computer services and business services are driving the numbers with figures of $892 million and $414 million, respectively.

“The successful attraction of Foreign Direct Investment (FDI) has consolidated these solid figures for Costa Rican services exports,” the COMEX report stated.

Together these two sectors generated revenues of some $1.3 billion, or 44.6 percent of total service-sector exports in the first six months of 2013.

Services accounted for 33.7 percent of Costa Rica’s total exports during the first half of the year.

“These results are a sign of dynamism and sophistication of our exports, directly linked with our efforts to attract foreign investment,” Foreign Trade Minister Anabel González said.

Central Bank data show that FDI for the first half of 2013 totaled $1.3 billion, which is 15.4 percent more than during the first half of last year.

Positive FDI figures were boosted mainly by a 97 percent growth in real estate investment and by a 5 percent increase in the manufacture sectors of biotechnology, textiles and paper, the report said.

Trending Now

Costa Rica Tourism Crisis as 22,000 Jobs are Lost in Downturn

Costa Rica's tourism industry faces a sharp downturn, with roughly 22,000 jobs lost in the past year. This drop hits hard in coastal and...

US Military Revives Bases in Panama and Puerto Rico

Washington has moved forward with reactivating shuttered military installations in Panama and Puerto Rico to increase its regional footprint. Efforts to do the same...

Costa Rica Agriculture Gains from US Executive Order

Costa Rica’s agricultural exporters breathed easier last week after the United States lifted tariffs on key products, restoring duty-free access under long-standing trade agreements....

Maduro Dances Defiantly Amid US Threats in Venezuela

Venezuelan President Nicolás Maduro took to the stage at the Miraflores presidential palace during a Student Day march, where he danced to a remix...

National Espresso Day Contrasts with Costa Rica’s Chorreador Tradition

People across the world today mark National Espresso Day (yes, it has its own day), recognizing the quick, strong coffee pull that originated in...

Costa Rica Fans React to World Cup 2026 Elimination

Our national soccer team finished their 2026 World Cup qualifying run with a 0-0 draw against Honduras on Tuesday night. The result put the...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica