Negative Year for Foreign Investment

The reported drop in investment in the tourism sector explains part of the 22% drop recorded in Foreign Direct Investment between 2017 and 2018 in Costa Rica.

Monday, June 17, 2019

Figures from the Central Bank of Costa Rica (BCCR) detail that between 2017 and 2018 the flow that reached the country fell by $608 million, from $2,742 million to $2,134 million, equivalent to a decrease of 22%.

See "Curbing Attraction of Foreign Investment

Most of this fall is explained by the drop in investment in tourism projects, given that the amount invested in 2017 was $443 million and in 2018 decreased to $23 million.

This considerable decrease in investments in the tourism sector is because the peak of investments during 2017 was especially for the registration of four large projects. However, the $23 million reported in 2018 is the lowest amount since 2009.

Also see "Tourism: Investment Falls and Incentives Are Reduced

Although generally the behavior of investments was negative, the arrival of new companies was reported, because according to data from the Costa Rican Coalition of Development Initiatives (Cinde), last year 20 new companies arrived in the country and another 24 made reinvestments.

Jorge Sequeira, director of Cinde, explained to Crhoy.com that "... The results achieved during 2018 are satisfying, even more so if we take into account the complicated national and international situation in which the work of Cinde reached the historic figure of 48 investment projects."

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More on this topic

Tourism: Investment Falls and Incentives are Reduced

May 2019

In the context of a considerable fall in foreign investment in the sector in Costa Rica, the situation could be further complicated by the elimination of tax incentives that tax reform is bringing along.

Figures from the Central Bank of Costa Rica (BCCR) detail that after reporting $443 million in foreign direct investment in tourism in 2017, this figure decreased dramatically last year, registering only $23 million.

Panama: FDI Up 21% in 2018

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During last year, foreign direct investment flows in the country totaled $5.549 million, 21% more than in 2017.

The most recent figures from the General Comptroller's Office of Panama detail that between 2017 and 2018 the flow of Foreign Direct Investment increased by $980 million, going from $4.569 million to $5.549 million.

Costa Rica: FDI Falls 28%

October 2018

Foreign Direct Investment decreased from $1.658 million to $1.199 million between the first half of 2017 and the same period in 2018.

According to data from the Central Bank of Costa Rica reported a decrease in the flow of the Foreign Direct Investment (FDI) during the first half of 2018, contrasts with the increase of 52% recorded in the same period last year, given that between the first six months of 2016 and the same period in 2017, the flow went from $1.088 million to $1.658 million.

Costa Rica: Foreign Direct Investment Down 4.6%

October 2016

A fall in investment flows to the agro-industrial sector accounts for most of the 4.6% decline in foreign investment in the first half of the year, compared to the same period in 2015.

The reduction in investment in the agribusiness sector is the main reason behind the fall of nearly 5% in foreign direct investment in the first six months of the year compared to the same period in 2015.

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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
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