Sunday, June 4, 2023

Foreign investment in mining and real estate decreased in 2022

Although the mining contributes to the social and economic development of nations, foreign capital flows in this economic activity show a decrease of 29.5% between 2021 and 2022, going from US$535.9 million to US$377.3 million. This means a difference of US$158.6 million.

The foreign direct investment (FDI) directed to the real estate sector presented a negative year-on-year growth of 9.6%, indicate data from the Export and Investment Center of the Dominican Republic (ProDominicana).

This capital flow went from US$535.8 million to US$483.9 million, that is, US$51.9 million less.

The official entity establishes that the Dominican Republic received US$4,010.4 million foreign capital during the past year, 25.4% more than the US$3,196.8 million reported in 2021 and US$1,450.8 million difference compared to 2021, whose amount amounted to US$2,559.6 million.

In 2022, the travel and tourism industry captured 25% of the flow of foreign capital, that is, US$1,011.1 million. In addition, the data indicates that FDI for tourism has fluctuated in growth over the past five years.

Between 2017 and 2021, it presents an accumulated value of US$4,481 million, with 2019 being the period with the highest deposit of foreign capital (US$994 million). This is followed by 2021 with US$975 million; 2020, US$954 million, 2018, US$854 million and 2017 with US$704 million.

Meanwhile, energy received US$753.4 million, commerce and industry some US$599.5 million and free zones with US$362 million. To a lesser extent, telecommunications (US$192 million), the financial sector (US$169 million) and transportation (US$62 million).

The data indicates that the United States continues to be the country with the largest capital invested in Dominican Republic during 2022, reporting US$1,520.9 million, followed by Mexico (US$394.4 million), Canada (US$366.2 million) and Spain (US$346.5 million).


Please enter your comment!
Please enter your name here

Latest article