When speaking of the CALA (Caribbean & Latin America) region, the Caribbean side of the equation tends to be overlooked. Latin America keeps being featured in headlines heralding it as one of the next frontiers in tech and a destination ripe for foreign investment. The Caribbean rarely gets that sort of attention.
The following infographic intends to provide a closer look at how the Caribbean, in spite of not being as heavily featured as its Latin American brother, has been able to attract the attention of foreign investors over the past five years. In order to achieve that, we tracked the flows of foreign direct investment (FDI) drawn by the region between 2018 and 2022.
It is clear the Caribbean has dramatically increased its appeal among global investors since 2018. Nevertheless, the region still has a long way to go in order to improve its standing in the global business community.
Some of the data points gathered during our research are worth mentioning, even if they are not included in the infographic:
- The whole CALA region drew US$807.3 billion in FDI between 2018 and 2022. Of that total, 4.9% corresponds to the Caribbean.
- The whole region achieved a 27.7% growth in FDI flows during the period covered. The Caribbean almost tripled that.
- The largest leap in FDI flows was registered by Guyana (256%).