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.

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More on this topic

Costa Rica: Prospects for Industry in 2016

May 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.

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

Tuesday May 17, 2016.

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.

Costa Rica: Industrialist Complain About Competitiveness Agenda

May 2013

They are demanding specific actions on issues such as the cost of electricity, exchange rates, access to financing and paperwork.

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

Industry insists on urgent tasks during the current administration

• The demands are for specific actions on issues such as the cost of electricity, exchange rate, access to financing and paperwork.

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

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