The Free Trade Zone Regime (RZF) reaffirms its role as one of the main economic drivers of Costa Rica, with an absolute contribution of US$12.27 billion in 2023, representing 14% of the Gross Domestic Product (GDP).
This contribution includes a notable growth in local purchases, which reached US$5.6 million, reflecting an annual increase of 24%, and the solid link between the regime’s companies and national suppliers. In addition, the total contribution includes salaries, social security contributions, local sales taxes and other items.
These data come from the study “Free Trade Zone: an engine of competitiveness and economic growth in Costa Rica 2023“, prepared by the Foreign Trade Promotion Agency (PROCOMER).
The study highlights that, for every dollar that Costa Rica exempts from the RZF, the country receives a return of US$2.8, resulting in a net benefit of US$1.8, evidencing the positive and direct impact on the national economy.
“This study shows and reflects the data of a regime that contributes and impacts many sectors of our economy, not only as a generator of investment and quality employment, but as a catalyst of opportunities for local companies and an active contributor to the well-being of the country.
The sustained growth in local purchases, salaries and tax contributions show the drive for international competitiveness and strengthens the economic and social fabric of Costa Rica,” said Manuel Tovar, Minister of Foreign Trade.
Qcostarica
