{"id":14673,"date":"2024-05-08T21:42:35","date_gmt":"2024-05-08T21:42:35","guid":{"rendered":"https:\/\/central-law.com\/?p=14673"},"modified":"2024-05-16T15:45:27","modified_gmt":"2024-05-16T15:45:27","slug":"foreign-investment-in-central-america-in-2023","status":"publish","type":"post","link":"https:\/\/central-law.com\/en\/foreign-investment-in-central-america-in-2023\/","title":{"rendered":"Study of Foreign Investment in Central America"},"content":{"rendered":"<p><strong>Costa Rica<\/strong> recorded $3,921 billion in foreign direct investment in 2023, marking a <strong>24% increase<\/strong> from 2022 when FDI amounted to $3,163.9 million, as reported by the Foreign Trade Promotion Agency (Procomer).<\/p>\n<p>Breaking down foreign investments by sectors, manufacturing contributed 55% of the total, followed by tourism with 25%, real estate with 7%, agriculture with 2%, and both the financial sector and agribusiness and trade with 1% each.<\/p>\n<p>The report notably highlighted a 187% growth in the services sector, which increased from $336.8 million in 2022 to $965.5 million in 2023.<\/p>\n<p>In <strong>Honduras<\/strong>, foreign direct investment (FDI) amounted to $1,076.4 million in 2023, a <strong>17% increase<\/strong> from the $920.3 million received in 2022, as reported by the Central Bank (BCH). The increase was attributed to a rise in reinvestment of profits by operational foreign subsidiaries in the country.<\/p>\n<p><strong>Nicaragua<\/strong> accumulated $2,534.5 million in FDI in 2023, representing 14.2% of the gross domestic product (GDP) and a <strong>37.6% increase<\/strong> ($691.9 million) compared to 2022, detailed by the Central Bank (BCN).<\/p>\n<p>The economic sectors with the highest net investment flows were industry, energy and mines, commerce, services, and others, as stated by the monetary authority.<\/p>\n<p><strong>El Salvador<\/strong> attracted flows of $759.7 million, according to the Central Reserve Bank (BCR), recovering from the $170.8 million attracted in 2022. <strong>The net foreign direct investment (FDI) received by El Salvador in 2023 quadrupled compared to 2022.<\/strong><\/p>\n<p><strong>&#8220;This investment is mainly through reinvested profits, meaning that companies preferred to leave earnings in the country rather than taking them to other countries; this indicates that foreign companies have confidence and see a secure business climate in El Salvador for reinvestment,&#8221;<\/strong> said Douglas Rodr\u00edguez, president of the BCR, during a presentation on the country&#8217;s economic situation in 2023 and prospects for 2024.<\/p>\n<p>For the other countries of the Central American region, the most recent information dates back to September 2023. By that month, <strong>Panama<\/strong> had attracted $1,375 billion in foreign direct investment, which was <strong>$900 million less<\/strong> than the same period in 2022, according to the Ministry of Economy and Finance.<\/p>\n<p>In <strong>Guatemala<\/strong>, the flow of FDI in the third quarter of 2023 amounted to $1,136.1 million, representing a <strong>growth of 8.9%<\/strong> compared to the same period in 2022 when it was $1,042.4 million, as reported by Banguat.<\/p>\n<p>Source: Bloomberg L\u00ednea<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Costa Rica recorded $3,921 billion in foreign direct investment in 2023, marking a 24% increase from 2022 when FDI amounted to $3,163.9 million, as reported by the Foreign Trade Promotion Agency (Procomer). Breaking down foreign investments by sectors, manufacturing contributed 55% of the total, followed by tourism with 25%, real estate with 7%, agriculture with 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