Costa Rica: Prospects for Industry in 2016

Despite the impact that the high cost of energy and social security contributions have had on their competitiveness, medium and large companies anticipate a slight improvement in results this year.

Tuesday, May 17, 2016

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

Tuesday May 17, 2016. Industrialists expect a year with better performance in investment and increased production compared to last year. This follows the study of "Business Outlook and competitiveness factors in the industrial sector, 2016" carried out by the Chamber of Industries of Costa Rica for the seventh consecutive year and presented today to the media.

Last year, industry respondents evaluated 2014 with a score of 6.9 while this year, industry respondents rated, on average, the overall performance of their companies in 2015 at 7.1.

More on this topic

Industry: Optimism for 2020

December 2019

In Costa Rica, businessmen from the industrial sector expect that next year the levels of economic activity will improve and the process of reactivation of production will be consolidated.

The Chamber of Industries of Costa Rica (ICRC) believes that in 2019 the country engaged in a spiral of uncertainty, as businessmen and consumers were affected by the application of value added tax (VAT) and changes in the income tax.

Outlook for Costa Rican Industry in 2013

March 2013

A study reveals that the cost of electricity and the exchange rate are the main factors affecting the competitiveness of Costa Rica's industry.

From a statement by the Chamber of Industries of Costa Rica (CICR):

Industrial production will grow moderately, but employment will stagnate

Prospects for Construction Sector in Costa Rica

January 2012

In order to keeping growing in 2012 at the rate of 15% registered in 2011, the sector depends mostly on government actions.

A statement from the Costa Rican Chamber of Construction (CCC) reads:

14.2% growth in the sector will depend on external factors

• Fiscal Plan, employment generation, access to housing for the middle-class, red tape and infrastructure improvements are the main issues of concern to the construction sector.

Costa Rica: Industries Predict Better Results in 2010

October 2010

57% of Costa Rican industrial companies believe that 2010 will be a year of overall better performance, compared with 2009.

This conclusion by the Chamber of Industries of Costa Rica (ICRC), through the Business Outlook Survey and Rating Factors for Competitiveness in the Costa Rican Industry, which helped assess the strengths and weaknesses facing the sector.

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