Statistics on Free Zone Regime in Costa Rica

A study by PROCOMER indicates that for every dollar exonerated in the period between 2010 and 2014, companies in the free zone regime generated $5.7 on average for the country.

Thursday, July 30, 2015

From the executive summary of the study by PROCOMER entitled "Free Zone Balance 2010-2014":

4. Country Net Profit (CNP) for the operation of the Free Trade Zone Regime (FZR) reached an average of US $2.556 billion a year in 2010-2014. This CNP had an average annual growth of 16%, going from US $1.749 billion in 2010 to US $3.125 billion in 2014 (in real terms this growth was 11.4%). The CNP grew at a rate nearly three times higher than the real economy in the years analyzed. Companies in the services sector were the largest contributors to the CNP. with an average participation of 42%.

4. The study shows that the FZR of Costa Rica is socially profitable, because for every dollar exonerated in the period 2010-2014 RZF companies generated an average of $5.7 for the country. This result is consistent with Cespedes (2012) indicating that the FZR in Costa Rica is profitable in terms of economic benefits for the country.

Read full report here (spanish).



More on this topic

Nicaragua: Free Zones are No Longer Just for Textile Companies

October 2016

Although clothing and car wiring harnesses continue to lead, the number of types of goods exported under the free zone regime has gone from ten in 2008 to 20 today.

Production and export of clothing and wiring harnesses are still the main goods produced and exported under free trade zone conditions, but now others have been added such as as cigars, edible oil, fruits, leather shoes, paper, cardboard, and manufactured leather covers for furniture.

Update on Free Zones in Costa Rica

August 2016

In 2015 331 active companies were registered, of which 52% are devoted to services, 45% to manufacturing and the remaining 2% to the food industry.

From the executive summary of the study by PROCOMER "Balance of Free Zones: Net profit regime for Costa Rica 2011-2015":

Free Trade Zones: Economic Hypocrisy

June 2015

If free zones -with their tax breaks and other privileges- are good for the economy, why isn't the entire country made into a free zone?

EDITORIAL

Why not provide companies founded with Central America capital the same benefits and privileges enjoyed by foreign firms operating under free zone regimes? The job creation and contribution to the economy that can be made by companies in free zones because they enjoy these privileges should be able to come from business founded with Central American capital as well, which in contrast to foreign firms, have to deal with excessive regulations and bureaucracy in the States of Central America.

Balance of Free Zones in Costa Rica

October 2011

The Foreign Trade Promoter has revealed in a study the benefits that free trade zones contribute to the country, including the 58 thousand jobs that pay 60% above the average private sector salary.

From a press release by PROCOMER:

A study by PROCOMER reveals the benefits of free zones in Costa Rica:

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