Saturday, July 13, 2024 Foreign direct investment (FDI) flows in the first quarter of 2024 surged by 42% compared to the same period in 2023, reaching a record high of US$1,188.9 million, an increase of US$349.7 million.
The Central Bank of Costa Rica (BCCR) published these figures, marking the highest level ever recorded in the country for a first quarter. According to the Central Bank, FDI outside the Greater Metropolitan Area (GAM) saw a remarkable rise, shifting from a negative US$ -14.4 million in 2023 to US$49.
6 million in 2024, reflecting a US$64 million increase in investments in these regions. “These growth figures of 42% in FDI compared to the same period in the previous year and the highest ever recorded during a first quarter confirm that we have made the right decisions and reflect the excellent performance of PROCOMER as an official agency for the attraction and promotion of investments. We are on the right track with our goal of bringing more employment opportunities to the whole country, generating productive chains and knowledge transfer.
We are also committed to honoring the trust of companies and continuing to optimize our value proposition to remain the number one choice when making their growth and expansion decisions,” said Manuel Tovar, Minister of Foreign Trade of Costa Rica (COMEX). Breaking down the data by regime, during the first quarter of 2024, 61.5% of FDI was allocated to free trade zones, 13.
5% to companies under the definitive regime, 12..