Costa Rica: Industrial Agenda for 2011

Internal and external factors, that adversely affect competition, will be the key focus of next year's agenda.

Wednesday, December 1, 2010

The performance of industrial business left behind two years of decline in production dynamics and employment, introducing in 2010 a positive performance but moderate for most manufacturing activities, as explained by Marco Meneses, President of the Chamber of Industries of Costa Rica (ICRC).

"The Monthly Index of manufacturing activity points to a slowdown in growth the sector had in the first months of the year and based on this data, we projected industry growth between 3% and 3.5% for 2010, taking into account that prevents further level increases of output and employment that the sector had before, it has become clear the effects of the international financial crisis," said Meneses.

More on this topic

Costa Rica: Industrial Sector to Grow 4% in 2018

December 2017

The union of industrialists estimates that next year the GDP of the manufacturing industry will increase by around 4%, and formal employment of the sector could grow no more than 2%.

From a statement issued by the Chamber of Industries of Costa Rica:

Costa Rica: Industrial and Export Figures

May 2016

Industry says that the 7% increase in industrial exports in the first quarter of the year corresponds to free zones, while foreign sales by companies outside of the regime fell by 0.3%.

The industrial association is still blaming the poor results on the loss of competitiveness caused by the exchange rate differential and high production costs.

Costa Rica: Outlook Bleak for Industrialists

April 2014

Industrial production is becoming increasingly expensive in a country where the government seems to have no desire to lower electricity costs and promote competitiveness.

From a press release issued by the Chamber of Industries of Costa Rica (ICRC):

The outlook for the industrial sector of the country is not very encouraging for 2014.

Industry Slows Down in Costa Rica

December 2011

The Chamber of Industry states that the causes are: high fuel prices, electricity and raw materials, the exchange system, bureaucracy, taxes and social security, and access to financing.

After the global crisis started in 2008, there was a hint of recovery in the sector in 2010, which was not confirmed in 2011, when growth was only 2%.

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