Foreign investment falls 62% in El Salvador
During the last 15 years, foreign investment rose only with the sale of banks and privatizations.
Friday, December 19, 2008
In 2007 $494.8 million entered the country compared to the $189.9 this year.
FDI fell from $ 1.508 million in 2007 to $ 72 million in 2010. Businessmen claim the cause is the lack of confidence and certainty in current government economic policy.
The manufacturing sector as a whole saw a decline in FDI due to a sharp drop in flows to Central America and the Caribbean.
In 2009, Foreign Direct Investment would fall 30% when compared with 2007, when a record $2.02 billion were received.
¿Which are the most attractive countries for Foreign Direct Investment? In Central America and the Caribbean, Puerto Rico is ahead, followed by Costa Rica and Dominican Republic.
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