{"id":530,"date":"2022-04-07T15:14:00","date_gmt":"2022-04-07T15:14:00","guid":{"rendered":"https:\/\/www.panama-real-estate.com\/blog\/?p=530"},"modified":"2022-04-12T15:30:20","modified_gmt":"2022-04-12T15:30:20","slug":"foreign-investment-in-panama-totaled-1611-2-million-in-third-quarter-2021","status":"publish","type":"post","link":"https:\/\/www.panama-real-estate.com\/blog\/foreign-investment-in-panama-totaled-1611-2-million-in-third-quarter-2021\/","title":{"rendered":"Foreign Investment in Panama totaled $1,611.2 million in third quarter"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.panama-real-estate.com\/blog\/wp-content\/uploads\/2022\/04\/pmacinta.jpg\" alt=\"\" class=\"wp-image-531\" width=\"279\" height=\"227\" srcset=\"https:\/\/www.panama-real-estate.com\/blog\/wp-content\/uploads\/2022\/04\/pmacinta.jpg 502w, https:\/\/www.panama-real-estate.com\/blog\/wp-content\/uploads\/2022\/04\/pmacinta-300x244.jpg 300w\" sizes=\"auto, (max-width: 279px) 100vw, 279px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Treasury General Account 2021 of the Ministry of Economy and Finance (MEF), the foreign Direct Investment (FDI) in Panama had a flow of $1,611.2 million in the third quarter of 2021, which represents an increase of 61%, that is, $610.8 million compared to the same period of the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The $1,611.2 million raised in FDI during the date represented 3.6%% of the gross domestic product (GDP).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The economic activity that gave the greatest impetus to FDI was wholesale and retail trade, both in the Colon Free Zone (ZLC), and in other companies in the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The MEF analysis highlights that, from January to September 2021, the reinvestment of profits was distributed in the following sectors: Non-financial companies with $969 million, General License banks with $289.3 million, ZLC with $230.9 million , and International License banks with $102.8 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Non-financial companies located in the country received direct investments of $1,009.4 million, General License banks $257.1 million, companies established in the ZLC, $238.5 million and International License banks with $106.2 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report reflects that global FDI flows also showed a rebound of 77% more, according to estimates by the United Nations Conference on Trade and Development (Unctad, for its acronym in English). The increase was largest in developed economies of more than 199% and was more modest in developing economies more than 30% and in least developed countries more than 19%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Panama&#8217;s GDP grew by 15.3% in 2021, compared to the previous period, thereby exceeding the 17.9% drop recorded in 2020, according to data published by the Inec of the Comptroller General of the Republic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Treasury General Account 2021 of the Ministry of Economy and Finance (MEF), the foreign Direct Investment (FDI) in Panama had a flow of $1,611.2 million in the third quarter of 2021, which represents an increase of 61%, that is, $610.8 million compared to the same period of the previous year.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-530","post","type-post","status-publish","format-standard","hentry","category-living-investing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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