Corporate Governance in Costa Rica

Annex A. Aggregate data on SOEs held at the central government level 2018

 

	Majority owned unlisted enterprises			Statutory corporations and quasi-corporations
	Number of enterprises	Number of employees	Value of enterprises (USD mln)	Number of enterprises	Number of employees	Value of enterprises (USD mln)
Primary sectors3	1	1 718	1.11	-	-	-
Manufacturing	-	-	-	1	181	0.01
Finance	11	736	-	3	13 000	3.84
Telecoms	1	1 239	-	-	-	-
Electricity and gas	-	-	-	2	15 267	4.62
Transportation	-	-	-	3	1 430	1.45
Other utilities (including postal services)	1	2 155	0.06	1	4 082	1.27
Real estate	-	-	-	-	-	-
Other activities	3	5 337	-	1	421	0.06
Total	17	11 185	1.17	11	34 381	11.25

Notes: SOEs’ share of domestic value added (GDP) is 0.51%; SOE employment as share of total employment is 1.91%; Costa Rica has no listed state-owned enterprises.

Source: Republic of Costa Rica (2019), Aggregate Report on SOEs 2019. SOEs classified as "majority owned unlisted enterprises" are subsidiaries of SOE company groups, and therefore their value of enterprise is comprised in that of its holding company (a statutory corporation or quasi/corporation). https://www.hacienda.go.cr/docs/5dd69dd20f54e_Reporte%20agregado%20empresas%20del%20Estado%202019%20v8Nov2019.pdf.