El Salvador: Security Costs Reach 11%

Security costs at Salvadoran companies are on the rise, together with recent increases in crime.

Monday, September 14, 2009

The American Chamber of Commerce of El Salvador (AmCham), showed its concern for the issue, which generates expenses unrelated to the natural cost structure of each activity.

Carmen Aída Muñoz, AmCham's executive director, "called on the government to make a greater effort to fight crime, and to further coordinate those entities in charge of security".

She also "qualified recent felonies by organized crime as more sophisticated, while adding that changes in gang behavior have costed an increase in serious offenses, such as kidnappings".

More on this topic

Perception of Safety by Businesses in El Salvador

May 2013

A survey of Salvadoran entrepreneurs reveals that during 2012, 66% of their companies or their staff were affected up to twice by extortion, kidnapping and murder.

The Survey ENADE 2013 assesses businesses' perception of the performance of government officials, in public safety, fiscal policy and democratic institutions.

Crime Affects Salvadoran Economy

May 2011

The costs generated by crime are equivalent to 11% of gross domestic product (GDP).

According to a recent World Bank report, crime and violence have an impact on economic growth not only in terms of loss of wages but it also affects the investment climate and diverts scarce government resources to strengthen the application of justice rather than promoting economic activity."

El Salvador Spends Over $2 Billion per Year on Security

July 2010

The statistic includes public and private spending and represents 10.8% of the country's GDP.

Jorge Daboub, president of the El Salvador Chamber of Commerce and Industry, indicated that in the case of private companies the annual cost of security is more than $640 million.

$1.2 Billion: The Cost of Insecurity in El Salvador

January 2010

Costs related to crime in El Salvador top $1.2 billion each year, or 5.4% of the Gross Domestic Product.

The business sector spends $600 million a year hiring private security services, losses for theft reach $300 million, and the state spends an additional $300 million in hospital and emergency costs.

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