Costa Rica: Growth in Private Security Spending

Firms spent $174 million in security for their businesses in 2009, however in 2010 the expenditure amounted to $190 million.

Friday, June 17, 2011

A study by the Costa Rican Chamber of Commerce reveals that 42% of those surveyed said they had been a victim of violence.

"... We are convinced that the government has not fulfilled its part, ... this has become an obstacle to our development, as insecurity impacts on the competitiveness of the economy," said the Chamber’s president, Arnoldo André , as published by Prensalibre.cr



More on this topic

Insecurity Costing Us More and More

May 2010

Paying for armed custody, satellite tracking and “tolls” to armed gangs are some of the additional costs that must be paid when transporting goods in Central America.

Some transportation companies state that $14.000 must be paid each year in security related costs for a single truck carrying goods within the Central American region.

$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.

El Salvador: Security Costs Reach 11%

September 2009

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

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.

High Crime Rates Halt Investment

April 2009

Even though Panama is not the country in Central America most affected by crime and violence, there is already a warning about the cost of rising insecurity.

Panamanian companies are seeing an increase in their security costs and they are starting to worry about the consequences on the investment climate in the country, especially the possible decline in tourism.

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