Friday 19 August 2022

Foreign Investment in Costa Rica Down 3.2%, Report

Panama remains regional king of foreign direct investment

Paying the bills

Latest

Costa Rica ranks 31st in the list of the strongest passports in the world

QCOSTARICA - Costa Rica ranks 31st on the 2022...

Costa Ricans buy less due to the impact of inflation: They look for cheaper food

QCOSTARICA - A study by the firm Kantar revealed...

Frontier Airlines announces two direct flights connecting Costa Rica with Atlanta

QCOSTARICA - The low-cost airline, Frontier, announced two new...

Are professional athletes still as admired as they once were?

The history of sports around Latin America in general,...

The lifting of the state of emergency due to covid-19 is in effect

QCOSTARICA - As of Wednesday, August 17, 2022, the...

At least 13 promises announced by President Chaves must pass through the Legislative Assembly

QCOSTARICA - Ruling by 'decree' may not allow President...

Plan to legalize the use of recreational marijuana in Costa Rica in the works

QCOSTARICA - The government will present a bill to...

Dollar Exchange

¢651.76 Buy

¢659.97 Sell

19 August 2022 - At The Banks - BCCR

Paying the bills

Share

In 2018, the countries of Central America received US$12.7 billion in Foreign Direct Investment (FDI), and with the exception of Honduras and Panama, the rest reported falls from 53% in Nicaragua to 3.2% in Costa Rica.

According to the FDI report, inflows to Panama amounted to US$6.5 billion, just over half of all the foreign investment in Central America. Costa Rica received US$2.7 billion and Honduras US$1.2 billion.

- Advertisement -

The document, published by the Economic Commission for Latin America (ECLAC), indicates that “FDI inflows in Guatemala were reduced by 11.8% compared to 2017, totaling US$1.03 billion. The reinvestment of profits was the largest source of income (92% of the total).”

The decrease was a consequence of lower investments in the manufacturing and financial services sectors, the FDI report adds.

However, Guatemala together with Panama, Mexico and Colombia concentrated 43% of the investments Honduras received in 2018, of which 25% came from the United States.

FDI in the neighboring country increased 3.4 percent last year, the main source of income was the reinvestment of profits, followed by capital contributions. According to the ECLAC report, investments were concentrated in two sectors: maquila and financial services.

Honduras registered a growth of 55.6% and financial services, insurance and business services the increase was 12.6%.

In Guatemala, the elected government has anticipated that they will pay attention to attracting more investment with better conditions to improve job creation.

- Advertisement -

ECLAC anticipates that by 2019, fiscal changes in the United States and the lower expected economic growth will reduce by 5% the flow of FDI that Latin America receives.

Source: El Periódico in Spanish.

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Foods that increased in price the most in Costa Rica, in the last year

QCOSTARICA  - The inflation of food and non-alcoholic beverages in Costa...

El Salvador maintains the lowest fuel prices in the region

Q24N - The Government of President Nayib Bukele continues with the...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.