Dominican Republic foreign investment tops US$3.6B in 2017, a 48.33% jump

Santo Domingo.- The Dominican Republic received US$3.6 billion in foreign investment in 2017, or US$1.2 billion, a 48.33% jump compared to 2016, according to the Central Bank.

It says that the increase stemmed from another sale of shares by the brewery Cervecería Nacional Dominicana (CND) to foreign investors completed in December 2017, as occurred in 2012, which explains the remarkable income.

For the economist Rafael Espinal, the revenue has had an important impact on the Dominican economy. “In fact, the effect of foreign investment on the gross domestic product is that for every dollar of foreign investment in the product, the product generates US$1.32 in the following year.”

The United States (US$732.1million), led the three countries that most invested in the Dominican Republic in 2017, followed by Canada (US$473.4 million) and Spain (US$205.9 million).

The sectors which drew the most investment were retail and industries US$1.4 billion; real estate US $ 545.9 million and mining US$409.6 million.