Employment Grows by 6.4% in Costa Rican Free Trade Zones

As of January, the number of people working in the free trade zones reached 53,120, an increase of 6.4% during the past year.

Tuesday, March 24, 2009

Leticia Vindas wrote in the El Financiero website: "Companies in the services sector remained the largest employment generator. During this period, employment in the sector increased by 24,491 jobs, representing a growth of 46.4%."

More on this topic

Record Employment at Nicaraguan Free Trade Zones

March 2011

Companies operating under the free zone regime reported a total of 89.927 employees to December 3, 2010.

According to the Central Bank of Nicaragua, this is the highest number of jobs for the sector, since February 2008 when 89.198 persons were employed.

Representatives of the textile sector, which own the majority of the 148 companies operating under the free zone regime, state there are 2 factors leading to employment recovery,"... tripartite working arrangements and the U.S. market recovery, Nicaragua's largest trading partner," reported Laprensa.com.ni.

Free Zones in Nicaragua Growing

March 2012

The growth is reflected in the steady growth in employment in production firms operating under the regime, which together exceed 100 thousand jobs.

The number of employees in factories in free zones reached 103,000 people in March, a record for the sector in Nicaragua, said Alvaro Baltodano, President of the National Free Zone Commission, CNZF. There are 68,019 employees in the textile sector alone.

Demand for Textiles Stagnates

June 2012

After strong growth in the early part of the year, textile mills in the free zones of Nicaragua are reducing their workforce due to falling orders from the U.S.

In January and February, customer demand in the U.S. grew by 55%, but has declined in recent months according to the growth of inventories, said representatives of companies in the textile zones.

Formal Employment Increases in Nicaragua

May 2011

In one year the number of employees in the formal labor market has grown by 8%.

41,800 new workers were added to the payrolls of companies between April 2010 and April this year, making the number of registered workers rise to 572,500.

Among the sectors which showed the largest increases were mining, electrical, manufacturing and construction.

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