Increase in Costa Rican Export of Services

Even though an 8% decrease in tourism is estimated, it would be offset by the digital advertising, financial support and software sectors.

Wednesday, April 29, 2009

Data generated by CINDE, the Costa Rican Promoter of Foreign Trade (PROCOMER) and the Central Bank of Costa Rica (BCCR) are predicting an 8% decline in tourism earnings, while other exporters of services, both local and foreign, will grow by 13% when compared to 2008.

Gabriela Llobet, CINDE director, told “that services are growing despite the crisis because ’the country is an option for corporations that are looking to improve their performance and quality at a competitive cost now more than ever’."

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The areas that dropped the most were banking services and re-exports from the Colón Free Trade Zone. published data from the General Accounting Office: "These declines could not be offset by income from the Panama Canal or service exports related to tourism and port and logistics sectors, which maintained increases of 11%, 8.7% and 1.6% respectively."

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