Costa Rica's service sector still growing

The service sector in Costa Rica has grown at double-digit rates over the past 12 months, especially for financial services and corporate services.

Tuesday, July 29, 2008

Financial brokering services have been increasing at a rate above six percent, and in the past three months it has accelerated to a rate of more than 11 percent.
The result can be seen as an increase in credit granted through these services by the financial system.

More on this topic

Textile Plants in Honduras Centralized

March 2014

Companies from the sector are consolidating their operations in plants in order to improve production efficiency.

The President of the Honduran Maquila Association, Daniel Facussé, announced that the purpose of the relocation is to become more competitive, following a system already used in other companies in different sectors.

Service Sector Pays Higher Executive Salaries

June 2013

In Guatemala, telephony, retail sales, financial activities and services offer the best remuneration at managerial levels.

The survey Business System Salary Information by PricewaterhouseCoopers (PWC), reveals that it is in the area of ​​services where executives receive more economic benefits, equivalent to $5,350 a month on average.

Costa Rica's Service Sector Loses Momentum

March 2013

Growth in this economic sector, which differentiated Costa Rica from other Central American countries, has lost the rhythm it held in previous years.

Details from the monthly index of economic activity (MIEA), which is calculated monthly by the Central Bank of Costa Rica, reveals that financial intermediation and insurance, which grew at a rate of 9% in early 2012, is now doing so at 6%: As for the business services sector, it is currently growing at 6% a year, while in 2011 it increased at a rate of 13%.

An Incipient Services Industry in Honduras

June 2009

Companies from the United States are investigating the availability of bi-lingual personnel, which would enable the installation of customer service call centers.

Similar to other countries in the region, Honduras has a U.S. compatible time zone and a close geographic location.

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