The Caribbean Saw An Increase In Foreign Direct Investment in 2023

By NAN Business Editor

News Americas, NEW YORK, NY, Fri. June 28, 2024: Foreign direct investment (FDI) to the Caribbean saw an increase in 2023 compared to 2022, a NewsAmericasNow.com analysis of the 2024 World Investment Report data showed. Excluding offshore financial centers, overall FDI in the Caribbean was up by 6 percent, with most countries experiencing growth. The Dominican Republic saw a 7 percent increase in inflows year-on-year.

Over the past five years, foreign investments have expanded across the region’s main economic groupings, with flows to the Caribbean Community (CARICOM) tripling compared to 2018.

In 2022, the CARICOM region recorded USD 1,768,365 in foreign direct investment, while in 2023 the total was USD 1,813,150.

Here is the tabulated data for foreign direct investment (FDI) inflows in 2023 and 2022:

Country2023 (USD)2022 (USD)British Virgin Islands1,068,2461,028,356Cayman Islands601,061572,927Dominican Republic56,37251,982Bahamas29,90428,502Jamaica18,76318,332Guyana10,27917,074Trinidad and Tobago9,9229,918Grenada2,1531,990Aruba4,5084,686Belize2,8122,679Saint Lucia2,0041,865Suriname1,8531,936Saint Kitts and Nevis1,7091,676Saint Vincent and the Grenadines1,6831,601Anguilla1,3821,528Curaçao1,2361,081Sint Maarten224190Montserrat4942