Business
St Lucia experiences 81.6% growth in foreign direct investment – the biggest in the Caribbean
Net foreign direct investment (FDI) in St Lucia has risen by 81.6 percent this year compared to 2011, the largest increase in the Caribbean this year, according to estimates from the United Nations Economic Commission for Latin America and the Caribbean.
Net foreign direct investment is defined as direct investment in a country’s economy after deduction of outward direct investment by residents of that country. It includes the reinvestment of profits.
Net foreign direct investment in St Lucia reached US$138 million in 2012, up from US$76 million in 2011. St Lucia was one of seven Caribbean countries that saw an increase in Net foreign direct investment in the period, along with Antigua & Barbuda, Dominica, Grenada, Guyana, the Dominican Republic and Trinidad & Tobago.
In terms of raw volume, the Dominican Republic saw the largest increase, with an increase of US$1.4 billion. The Dominican Republic led the region with a total of US$3.78 billion in Net foreign direct investment.
Jamaica and Barbados’ Net foreign direct investment for 2012 were not included in the report.
