Costa Rica climbed to the top of this year’s annual Greenfield Performance Index with a score of 11.4.
- Photo for illustration purposes only -
Published on Monday, August 23, 2021
By the A.M. Costa Rica staff
Costa Rica climbed to the top of this year’s annual Greenfield Performance Index with a score of 11.4. This puts the country over the UAE with 7.1, according to the recent study and article released by the international magazine fDi Intelligence.
FDI Markets analyze the foreign direct investment in a country by an entity based in another country.
The study analyzed 84 countries in the 2021 Greenfield Performance Index, of which 64 had an index score greater than 1.0, while 20 had a score of 1.0 or lower.
According to the magazine, “Costa Rica is attracting 11 times the amount of greenfield FDI that might be expected given the size of its economy.”
“We proudly celebrate being the #1 country in the world for attracting greenfield foreign direct investment (FDI),” Jorge Sequeira, Managing Director of the Costa Rican Investment Promotion Agency, CINDE said. "This is the result of Costa Rica's proven track record and excellent human talent offering, as well as the daily efforts of our CINDE team, recognized as the global leading FDI promotion agency, according to the International Trade Centre.”
According to Sequeira, Costa Rica's resilience during the global health crisis has proven a determining factor in driving our goods and services exports. He continued: “goods have a projected growth of 27%, as of July 2021, led by medical devices and significant increases in both the electronics and metalworking industries, which show a 41% and 63% increase, respectively, over 2020.”
Costa Rica featured 96 projects attracted in 2020, according to fDi Markets data. “While this represents a drop of 7.7% from 2019, it remains the country’s second-best year since records began in 2003, a performance that stands out even more considering the challenging investment environment of last year, when greenfield FDI projects fell by about a third globally,” the magazine read in its article.
“At CINDE, we continue to promote initiatives that pave the way for our country to insert itself into the knowledge economy and take advantage of our position as a global leader in sustainability, to provide a true return on investment, in triplicate: Planet, People, and Prosperity,” Sequeira said.
Last week, another finance report, released by the Investment Monitor Business Magazine, said that MedTech firms are quickly expanding operations in Costa Rica.
What other economic sector of Costa Rica should be improved? We would like to know your thoughts on this story. Send your comments to email@example.com
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