Costa Rica: Industries Predict Better Results in 2010

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

Tuesday, October 12, 2010


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.

According to survey results, product quality, price and production technology, occupied the top three in terms of internal factors influencing business competitiveness. Occupying the fourth and fifth are quality of customer service and then skills and capabilities of labor.

The study noted increasing competition and the great changes in the way we do business as a result of new information and communication technologies, requires companies to have a closer relationship with their customers so customer service is another of the factors that must become relevant to industries.

As for external factors that adversely affect the industry, the top three in order of importance are access to financing, the cost of electricity and the availability and quality of human resources. However, with significant differences depending on the size of companies.

Other factors affecting industrial enterprises in general, financing costs, taxes and social contributions, fuel costs and paperwork and permits which hamper their development. Ending the list, poor road and port infrastructure.

Other findings identified in the study are that 73% of industrial workers are men and 27% female. And as the fate of the production sector, 53% of companies exported, while 47% use the domestic market as their destination.

Market Intelligence

Everything about exports and imports in Costa Rica.

Top companies - Quantities, amounts and prices.

more info

More on this topic

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

Infrastructure Investment Outlook

February 2011

Fitch Ratings discussed the 2011 outlook for the transportation and energy sectors in Latin America.

Fitch expects that during 2011 infrastructure assets in Latin America will continue to be resistant to the global financial crisis. Moreover, the economic outlook in developed countries has magnified the importance of supportive regulations to keep adequate financial profiles in transportation projects.

El Salvador’s Electricity Sector

September 2009

Fitch Special Report: Industry Risks and Challenges for the New Government.

El Salvador’s electricity sector exposure to government intervention and regulatory uncertainty during recent years has affected the financial performance of the companies in the sector. The impact of government intervention has been somewhat mitigated by recent measures taken by the current administration to eliminate energy

Central American Banks: Outlook 2015

January 2015

Slow growth is projected in El Salvador, very good performance in Nicaragua, stability in Panama, more competition in Guatemala and moderate growth in Costa Rica.

From a report by Fitch Ratings entitled "2015 Perspectives: Central American Banks":

Costa Rica:
Fitch Ratings has revised the outlook for the sector from positive to stable, because the agency does not anticipate substantial improvements in respect to the previous year. The system's profitability will remain low, with less than 1.0% ROAA. The results are limited because of the high dependence on net interest margin (NIM) and additional expenses in provisions for loan losses, due to regulatory changes that established gradual constitutions of general provisions for the best qualified loans. In addition, Fitch does not anticipate improvements in revenue diversification and also foresees a significant revenue exchange rate differential. This last factor has a significant influence on the results of the banks in Costa Rica.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Business Opportunity in Costa Rica, Orotina 27 Highway

Very close to San José, there is a unique property in terms of business opportunities, it is a 9.323,48 m2=100357 square feet (almost a hectare) property.
OROTINA, ON THE 27 HIGHWAY very close to San José,...

Stock Indexes

(Nov 25)
Dow Jones
S&P 500


(Nov 25)
Brent Crude Oil
Coffee "C"