St Vincent and the Grenadines are among nine Caribbean countries that saw a drop in foreign direct investments last year.
Foreign direct investment (FDI) is an investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country, such as ownership or controlling interest in a foreign company.
In the Eastern Caribbean St. Vincent & the Grenadines led the region while ranking 5th overall. The country was down 17 percent last year over its 2015 total of USD 121, registering USD 104 million last year.
Almost all of the investment came in the form of new capital (97 percent) and went to the tourism sector.
Overall, FDI reached US$ 4.878 billion in the Caribbean – an increase of 3.3 percent, with only five countries – the Dominican Republic, the Bahamas, Barbados, Grenada and Saint Lucia – recording larger inflows than in 2015.
