Exports of Services (BoP, USD) rose 3.62% to USD 8.70 bil in Costa Rica in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | Costa Rica | May 17, 2019
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Exports of services as a part of balance of payment reached 8.70 USD bil in 2017 in Costa Rica, according to the National Statistical Office. This is 3.62 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Costa Rica reached an all time high of 8.70 USD bil in 2017 and an all time low of 0.130 USD bil in 1977. When compared to Costa Rica's main peers, exports of services as a part of balance of payment in Guatemala amounted to 2.85 USD bil, 2.87 USD bil in Honduras, 1.56 USD bil in Nicaragua and 13.4 USD bil in Panama in 2017.

Costa Rica has been ranked 63rd within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 3 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Exports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize USD bil 0.340 0.407 0.448 0.494 0.496
Colombia USD bil 5.64 6.45 7.02 7.16 7.43
Costa Rica USD bil 5.78 6.21 6.95 7.11 7.69
El Salvador USD bil 1.64 1.87 2.14 2.33 2.48
Guatemala USD bil 2.24 2.43 2.53 2.83 2.82
Honduras USD bil 2.25 2.25 2.34 2.68 2.94
Mexico USD bil 15.8 16.4 18.1 21.2 22.9
Nicaragua USD bil 0.987 1.08 1.11 1.19 1.25
Panama USD bil 8.11 9.97 10.8 11.4 11.9
USA USD bil 627 656 700 741 755