NEWS
fDi Intelligence Features Costa Rica as the Top Country in Greenfield FDI Performance
- The international magazine analyzed 84 countries in the 2021 Greenfield Performance Index.
- Costa Rica leads the way showing its resilience amid the Covid-19 pandemic.
“Costa Rica climbed to the top of this year’s annual Greenfield Performance Index with a score of 11.4. This puts it significantly ahead of the runners-up, Lithuania with 8.3 and the UAE with 7.1,” so says a recent study and
article released by the international magazine
fDi Intelligence and powered by
fDi Markets.
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”.
Jorge Sequeira, Managing Director at CINDE, celebrated the ranking, “We proudly celebrate being the #1 country in the world for attracting greenfield foreign direct investment (FDI). 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.”
He added, “Costa Rica's resilience, in the face of a global health crisis, has proven a determining factor in driving our goods and services exports: 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.”
According to fDi Markets’ data, Costa Rica featured 96 projects attracted in 2020.
“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,” reads the 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,” concluded Sequeira.
