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Flow of foreign direct investment drops 17% in Panama between January and March

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  • Sat, 06/23/2018 - 19:21
economy
  • EFE

The flow of foreign direct investment (FDI) in Panama totaled 1,098.5 million dollars in the first quarter of this year, with a decrease of 17 % over the same period of 2018, official statistics released.

Data from the National Institute of Statistics and Census (Inec) show that foreign capital income had in absolute terms a decrease of 225.6 million dollars between January and March, compared to the first quarter of the previous year.

It added that the percentage distribution of foreign capital income was 39.8 % of the item of other capital; 31.1 % in reinvestment of profits, and 29.1 % of shares and equity participation.

The flow of FDI totaled 5,319.2 million dollars in 2017 in Panama, which represented 8.6% of nominal GDP, as well as an increase of 1.8% compared to the result of the previous year, according to the official data.

Panama's economy grew by 4.2 % in the first quarter of 2018, while the indicator closed with an expansion of 5.4 % in 2017.

The International Monetary Fund (IMF) projects Panama's GDP growth of around 4.6 percent for this year and around 6.8 percent by 2019.

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