Contact Us

Nicaragua with the Highest Index of FDI-GDP in Latin America in 2011

A publication by the Latin Business Chronicle stated that Nicaragua was the country with the highest index of FDI as percentage of its GDP in Latin America in 2011, with a total of 13.3%, followed distantly by Panama with 9.1% and Chile with 7.0%.
    WASHINGTON, DC, October 10, 2012 /24-7PressRelease/ -- A publication by the Latin Business Chronicle stated that Nicaragua was the country with the highest index of FDI as percentage of itsGDP in Latin America in 2011, with a total of 13.3 percent, followed distantly by Panama with 9.1 percent and Chile with 7.0 percent.

In 2011, Nicaragua had an extraordinary performance attracting a total of US$968 million of FDI, growing 90.5% when compared to 2010. The FDI attracted in 2011 was led mainly by the energy, telecommunications and free zones sectors, which together accounted for 52 percent of total FDI.

Nicaragua's performance not only improved in FDI attraction, but also in exports and GDP growth. According to the Central Bank of Nicaragua (BCN, by its acronym in Spanish), Nicaraguan exports reached US$2,264 million in 2011, increasing 22.3 percent when compared to the year before.

These are some of the factors that contributed in Nicaragua reaching a 4.7 percent GDP growth rate in 2011. In all three indicators, Nicaragua has taken the lead with the highest rates in Central America.

In 2012, Nicaragua predicts to maintain the same levels of economic performance achieved the previous year. Currently, FDI attraction in the first quarter has reached US$289 million, an increase of 76 percent when compared to the same period of 2011. In addition, exports of goods in the first semester have shown a 9 percent increase.

PRONicaragua is the Nicaraguan Investment Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country. For further information, please contact us at (505) 2270-6400 or http://pronicaragua.org.


# # #

Read more Press Releases from Magda Montiel:


Comment on this story...

Share This Story


Email this Story

Contact Information


Magda Montiel
PRONicaragua

Washington, D.C.
U.S.A.
Voice: (202) 596-3862
E-Mail: Email Us Here
Website: Visit Our Website

Like This Story?


I like it! 0

Disclaimer


If you have any questions regarding information in this press release, please contact the person listed in the contact module of this page. Please do not attempt to contact 24-7 Press Release Newswire. We are unable to assist you with any information regarding this release. 24-7 Press Release Newswire disclaims any content contained in this press release. Please see our complete Terms of Service disclaimer for more information.