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Friday, July 11, 2025

T&T sixth largest FDI recipient in region in 2013

by

20140612

T&T re­ceived the sixth largest in­flow of for­eign di­rect in­vest­ment (FDI) as a per­cent­age of gross do­mes­tic prod­uct (GDP) in Latin Amer­i­ca and the Caribbean (LAC) in 2013, ac­cord­ing to a UN ECLAC Brief­ing Pa­per re­leased late May. On the flip side (out­ward FDI), T&T was the largest for­eign in­vestor in the Caribbean, reg­is­ter­ing US$603 mil­lion in the first three quar­ters.

St Vin­cent and the Grenadines topped the list (see chart) of re­cip­i­ents of FDI as a per­cent­age of GDP, fol­lowed by St Kitts and Nevis, Pana­ma, An­tigua & Bar­bu­da and Grena­da.

In 2013, the pa­per said, T&T was in re­ceipt of US$1.922 bil­lion in FDI for the first three quar­ters of the year. The fig­ure could have been high­er than the pre­vi­ous year's US$2.453 bil­lion, but the Cen­tral Sta­tis­ti­cal Of­fice (CSO) did not pro­vide up­dat­ed da­ta - a prob­lem on­ly two coun­tries in LAC had - Venezuela & T&T.

"A third of FDI flow­ing in­to the re­gion comes to Brazil, and 80 per cent of flows are con­cen­trat­ed in the six largest economies, but the im­pact of transna­tion­al cor­po­ra­tions is larg­er in small­er economies," ECLAC said. To put the num­bers in per­spec­tive, there­fore, the ra­tio of FDI in­flows to GDP is what ECLAC used to show the rel­e­vance of FDI across the re­gion in 2013.

"The ra­tio is, gen­er­al­ly speak­ing, much high­er in small­er economies, but there are some medi­um-size economies, such as Pana­ma, Chile or the Pluri­na­tion­al State of Bo­livia, where FDI in­flows were very sig­nif­i­cant last year– in ex­cess of 6 per cent of GDP," the pa­per said.

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