FDI flows and services exports increase, boosting the economy and creating opportunities.
Costa Rica’s exports of goods and services, as well as foreign direct investment (FDI), experienced solid growth during the first half of 2024, providing opportunities in various regions of the country.
According to the Central Bank, FDI in free zones increased by 10 per cent, while investment outside the Great Metropolitan Area (GAM) increased from a negative flow to positive investment. This boost in FDI is attributed to attracting new projects in these regions.
Services exports grew by 14 per cent over the same period in 2023, reaching $8.408 million. Business services, IT and tourism led this growth.
The Minister of Foreign Trade, Manuel Tovar, praised Costa Rica’s performance in the export and FDI sectors, highlighting Procomer’s efforts.
FDI flows, which reached $2,107. billion, were distributed mainly in manufacturing, tourism and services. Diversification has been key to the sustained growth of FDI and exports.
Procomer reported that exports of goods also showed significant growth, reaching $12.95 billion in August 2024. Procomer’s efforts have attracted 59 new investment projects, 13 of which were installed outside the GAM.
This article has been translated after first appearing in El Mundo