Foreign Direct Investment (FDI) in Panama has increased over the years. For the first quarter of 2015, totaled 1705.8 million, surpassing by 32.2% the investment during the same period in 2014, equivalent to 415.50 million.
Foreign Direct Investment – Gogetit Highlights
* Foreign Direct Investment in Panama consists mostly of reinvested earnings, totaling 1114.6 million dollars so far in 2015.
* Foreign direct investment accumulated in the last three years, a total of 11.214 million dollars, according to the Ministry of Economy and Finance (MEF).
* The sectors that received this type of investment were the hotel industry, banking, real estate, the energy sector, the commercial sector and the manufacturing sector.
In a report by the National Institute of Statistics and Census (INEC) of the Comptroller General of the Republic, during the first quarter of 2015, Foreign Direct Investment (FDI) in Panama totaled 1705.8 billion, surpassing 32,2% investment during the same period in 2014 (415.50 million).
According to information published by El Venezolano website, the sectors that received this type of investment are defined: Hotel, banking, real estate, electric, commercial and manufacturing. Also, it attributes this figure to causes such as the geographic location of the Isthmus, sustained growth, the strength of its banking and high returns on public and private projects developed in Panama.
Secretary of Logistics and Competitiveness, Miguel Ángel Esbrí, was the one who announced the results of the report and said that additional contributions to the economy of Panama directly affect areas such as recruitment for jobs, which saw an increase of 5.8% in the first five months of 2015 (compared to the same period in 2014), recording 14,760 contracts defined and 9,794 undefined (while in 2014 they reached 13,250 and 8,760 respectively).
It is important to note that the first five months of 2015 also reflected an increase of 14% to 3,167 contracts. Real estate sector in Panama has increased by 2.7%, trading in 6%, transportation, storage and mail 95%, hotels and restaurants 15.8%, and activities such as administrative and support services 55%.