Costa Rica Reports Outstanding Performance in Attracting Foreign Investment Projects
The 9th edition of the Greenfield FDI Performance Index, published by fDi Intelligence magazine, confirms that Costa Rica excelled in attracting Foreign Direct Investment (FDI) projects in 2023.
According to the index, the country received 7.9 times more investment projects than would be expected based on the size of its GDP. This performance highlights the strong results achieved last year, when Costa Rica ended with a total of USD 3.788 billion in FDI flows, representing a 20% increase compared to 2022, according to data from the Central Bank of Costa Rica (BCCR).
The index, which assesses countries’ ability to attract and retain foreign investments, places Costa Rica in a prominent position due to its favorable business environment, proactive policies, and economic stability. Factors influencing this evaluation include a robust legal framework, tax incentives, and adequate infrastructure for business development.
The report notes that Costa Rica has maintained steady growth in foreign investment inflows, benefiting from its strategic location in Central America, skilled workforce, and openness to global trade and investment.
Additionally, the importance of economic stability and the country’s ability to adapt to international challenges are highlighted as crucial factors in maintaining its appeal as an investment destination.
Julio Vargas
julio.vargas@garciabodan.com
Managing Partner
García & Bodán
Costa Rica