Exports of Services decelerates
Exports of Services recorded
12.6 percent growth in the fourth quarter of 2017. This was slower than the 15.7 percent growth in the same period last year. Travel was the highest contributor to the growth with 84.9 percent. Other contributors to the growth were: Miscellaneous Services, 3.7 percent; Transportation, 15.1 percent; and Insurance, 11.2 percent. Meanwhile, Government declined by 19.5 percent during the period.