Central Bank’s Report Shows favorable Growth for Costa Rica for First Half of 2013

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    The Costa Rica News (TCRN) – Costa Rica received $ 1.3 billion in revenues during the first half of the year for the sale of services in information processing, software, hardware repair and other business services abroad. This amount is a 9% higher than that recorded in the same period of 2012 in a report published on September 30 by the Central Bank.

    The report adds two items factored in. The category of “computer and information services”, which mainly includes sales of services to foreign companies for call center , and the sale of software packages and equipment repair.

    The second item factors “Other business services”, whose main area are the services offered by transnational companies operating in the country, known as Shared Services Centers (CSC).

    The other significant element within this report are the travel services (cost of tourists visiting the country), which reported revenue accrued between January and June of $ 1.356 billion, 7.5% more than received in the first half , 2012.

    The Central Bank revealed that the current account deficit (the result of the revenues and expenditures of the real economic transactions) reached $ 964 million in the first half of this year, 11% more than last year.

    However, this shortfall is being covered, in large part, by the inflow of Foreign Direct Investment (FDI), although a decrease in the second quarter, closing June reached $ 1.335 billion, up 15% over last year. EF

    The Costa Rica News (TCRN)
    San Jose Costa Rica

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