Exports of Services decelerated to
13.6 percent in the fourth quarter of 2016. This was slower than the 19.1 percent growth in the same period of the previous year. Miscellaneous Services contributed the highest to the growth of the sector at 18.0 percent albeit at a slower pace of 24.0 percent growth posted in the previous year. Other contributors to the growth were: Government, 36.9 percent; Transportation, 5.1 percent; and, Insurance, 10.7 percent.
Meanwhile, Travel declined by
8.2 percent during the period.