COSTA RICA RANKED IN THE FIRST PLACE AS THE BEST COUNTRY IN THE FUTURE FOR FOREIGN INVESTMENT IN CENTRAL AMERICA AND THE CARIBBEAN. The country surpasses competitors in the region: Dominican Republic, Puerto Rico and Panama.
FDI Intelligence, specialized unit in foreign direct investment and associated activities of the Financial Times ranked Costa Rica as the “best country in the future for foreign investment in Central America and the Caribbean,” in its ranking “FDI Countries of the Future.” Thus, the country surpasses its local competitors like the Dominican Republic, Panama and Puerto Rico.
The country also achieved first place in the category of best human resource and the second in the categories of best economic potential, business-friendly environment and better strategy to attract investment.
“This publication recognizes the effort as a country we have been doing to generate more and better opportunities for Costa Ricans through foreign direct investment. Precisely because of the strong value proposition for investors is that new projects are choosing to do business in Costa Rica “said the President of the Republic, Laura Chinchilla Miranda.
This indicator is used as a reference by investors, who analyze different destinations to set up their operations. “Costa Rica has performed very well in this field, which has allowed him to gain the trust of over 227 companies that have settled in the country from 2003 to 2010. During the last decade, foreign investment flows to Costa Rica show an average annual growth of 13.2%, which is particularly relevant when one considers that the country attracts mostly efficiency-seeking investment and market access, “explained Minister of Foreign Trade, Anabel González.
The country has come up the ranks from edition to edition which is a clear example of the continuous improvement of business climate and leadership reached across the country.
The FDI Intelligence study analyzed data from over 31 countries across the Caribbean and Central America. We studied six specific categories: economic potential, human resources, cost effectiveness, quality of life, infrastructure and business-friendly environment. Also in this edition included an additional category called “investment attraction strategy” for which 17 countries, including Costa Rica, provided information that was later analyzed by a panel of independent judges.
