Investment Monitor: Costa Rica is the country that punches above its weight the most when it comes to attracting FDI
Costa Rica is a nearshoring destination due to its political stability and strategic location in Latin America.
Although the country continues to be a key international outsourcing hub, investors are seeing its potential for manufacturing and R&D operations, particularly relating to life sciences and tech.
According to the Investment Monitor’s 2022 Inward FDI Performance Index, Costa Rica is the leading country in the inward investment levels against its gross domestic product (GDP), with a score of 13.4. This means that Costa Rica received more than 13 times the volume expected of projects attracted given the size of its economy, ranking above countries like North Macedonia, United Arab Emirates, Croatia, Serbia, and Estonia.
This thriving business landscape, combined with preferential access to 2/3 of the world’s markets and a highly-skilled, experienced, and multi-lingual workforce, makes Costa Rica the destination of choice for many nearshoring companies looking to bring businesses closer to home. All these within an environment focused on driving companies towards sustainable productivity.
In 2021, Costa Rica attracted 103 investment projects. This is an outstanding achievement for a technology-enabled and collaborative ecosystem where digital technologies, health, value-added processes, and client-centered solutions converge.