Panama Closes 2011 with $3,000 million in FDI

The Minister of Economy and Finance, Frank De Lima, said that implementation of Law No. 41 of August 24, 2007, which created a special regime for the establishment and operation of multinational companies, was a key factor for attracting FDI.

"The minister also highlighted the investment that is being generated by the Panama Canal expansion project and other infrastructure projects currently being undertaken by the Government as well as private sector investment, especially in tourism.

Indeed, tourism officials hope to maintain the momentum registered so far, after the country 2 million visitors in 2011", reported Prensa.com.

Source: Prensa.com

More on this topic

Investment Flows Between Panama and Colombia

October 2011

More and more Colombians are channelling their investments in Panama and then retrieving them, explaining why the canal country is the largest contributor to FDI in Colombia.

According to the Colombian Central Bank in the second quarter of 2011, the amount of foreign investment received was $3,372 million of which correspond to $176 million from Panama.

More FDI for All of the Region in 2011

May 2012

Foreign Direct Investment in 2011, in millions: Panama - $2,790, Costa Rica - $2,104, Honduras - $1,014, Guatemala - $985, Nicaragua - $460, El Salvador - $386.

Notable for its importance to the respective economies, is the growth of the arrival of foreign direct investment in Nicaragua, which increased by $460 million compared to 2010.

Foreign Direct Investment in Central America

October 2011

In the first six months of 2011, Panama received $1,426 million, 17% more than in the first half of 2010. Costa Rica received $1.057 million (+45%), Honduras $486 million (+15%), Guatemala $485 million (+54%), El Salvador $376 million (+1404%), and Nicaragua $284 million (+30%).

A report by the Economic Commission for Latin America and the Caribbean (ECLAC), confirms the upward trend in foreign direct investment (FDI) which has been recorded since 2010, for all of Latin America and the Caribbean.

Panama: $1.1B Invested in First Half of 2010

June 2010

In the first six months of 2010, private sector investment has tripled when compared to the same period of 2009.

According to data from PanamaEmprenda, in the first half of 2010 private investment rose to $1,105 million up from $365.3 million in 2009.

“This is most visible in the metro area of Panama City, where $868 million have been invested so far in 2010”, reported Laestrella.com.pa.