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Q COSTA RICA – In 2016 the number of companies that sold goods and services to government institutions grew almost three times compared to 2015.

From the report “V Status Report on the SME Situation in 2016” (Estado de la Situacion de Las Pequeña y Mediana Empresa – PYME):

The V Status Report on the SME Situation in 2016 in Costa Rica indicates that sales to the state by companies that are registered in the Costa Rican Business Information System (SIEC), increased their share by 11.9%; which implies that the number of companies that sell to the state increased by 285 compared to 2015.

In this regard, according to data from SIAC, 55% of the total amount of purchases made by the Public Administration in 2016 was made from SMEs and 45% from large companies. In addition, the amount awarded to MSME companies in 2016 increased by 13.64% over the previous year.

Read full report here.