Caribbean & Central America - October 2014 (ISSN 1741-4458)

FDI up. Foreign Direct Investment (FDI) in Panama is at its highest level for five years, according to the finance ministry. In the first half of 2014, FDI was worth US$2.5bn; already higher than the US$2.4bn for the whole of 2013. The finance ministry argues the increase in capital flows is due to the high growth rate of the local economy. According to the official statistics agency, INEC, Panama grew 6.2% in the first half of 2014 and is on course for 7% growth by the end of the year. Construction, fishing and mining have contributed the most to Panama’s impressive economic performance. However, tourism, agriculture and farming all recorded lower growth than last year.

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