Services and Manufacturing Dynamize New Investments

In 2018, nearly 13,000 new jobs were generated in Costa Rica because of investment in 48 new projects in the service, manufacturing and other productive sectors.

Tuesday, December 18, 2018

The Costa Rican Coalition of Development Initiatives (CINDE) reported that because of new companies arrived in the country together with investments made by companies already installed, 12,961 new jobs were generated in the sectors of services, digital technologies, life sciences, advanced manufacturing and light manufacturing.

The CINDE explains that the employment figure validated by the statistics of the Costa Rican Social Security Fund (CCSS), exceeds that recorded in 2015 and 2016 (11,935 and 12,307 new jobs, respectively). Likewise, employment generation is close to the record result of 2017, when 13,754 new gross jobs were reported.

In 2018, 48 new investment projects were registered, of which 20 are new companies and 28 are new areas or reinvestment projects of the installed leading companies. Seven of the 20 new companies (35% of the total) are from new markets in which Costa Rica has undertaken positioning efforts to attract investment, says the report.

Regarding the location of the investments, CINDE indicates that three of the twenty new companies attracted in 2018 decided to set up their operations in communities outside GAM. This represents 15% of the total number of new companies arriving in the country.

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Panama: Hiring Expectations Do Not Rebound

September 2019

For the fourth quarter of 2019, 11% of companies in the country expect to increase their payrolls, which is less than the 13% recorded in the same period of 2018.

Panamanian employers report slight hiring expectations for the last quarter of 2019. The 11% anticipates an increase, 6% anticipates a decrease and 81% does not foresee changes, resulting in a Net Employment Trend of +5%, explains the Manpower report.

Costa Rica: Hiring Expectations

September 2018

For the fourth quarter of 2018, 10% of companies in the country expect to increase their payrolls, 85% do not foresee changes and 4% anticipate a reduction.

From a report by the ManpowerGroup :

Employers in five regions foresee an increase in their workforce during Q4 2018. Employers in Heredia report the strongest hiring intentions with a Net Employment Outlook of + 11%. On the other hand, employers in San José and Cartago report a moderate hiring activity with Trends of + 9%, while the Tendency for Alajuela is located at + 8%. Employers in Guanacaste anticipate a slight increase in their workforce with a Trend of + 4%, however, in Puntarenas & Limón, hiring levels are expected to fall, reporting a Trend of -3% 

Costa Rica and Foreign Investment in 2017

January 2018

Last year the country attracted 40 new foreign direct investment projects, which generated around $2.165 billion.

Jorge Sequeira, General Director of the Costa Rican Coalition of Development Initiatives explained that "... 'the multinational companies attracted with the support of CINDE generated 20% of formal net jobs in the country and 23% of total employment generated by private companies in 2017. It is important to note that the growth rate of employment in multinationals was 7.8%, 3.7 times more than the average of the country which reported growth of 2.1%'."

FDI in Costa Rica during 2009

January 2010

29 new foreign investment projects in high technology services, medical devices and advanced manufacturing.

The Costa Rican Investment Promotion Agency (CINDE), indicated that 29 new foreign investment projects that arrived in the country in the high technology services sector, medical devices and advanced manufacturing, in conjunction with the companies already installed, generated 5,730 new jobs and US $304.6 million during 2009.

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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
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