Foreign Investment in Haiti in decline
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Year 2001, $4 million; 2002, $6 millions; 2003, $14 millions; 2004 $6 million; 2005, $26 million; 2006, $160.6 million; 2007, $74.5 million; 2008, $29.8 million;, 2009, $37.95 million; 2010, $150 millions; 2011, $181 millions (following the earthquake, all-time high till 2011); 2012, $156 millions (an industrial park was inaugurated at Caracol); 2013, $186 millions (Venezuela became an important sponsor through a program of exchange of oil for agricultural products), but unfortunately the figure dropped to $99 millions in 2014. Despite the gradual increase in the FDI, the business climate in Haiti had remained mediocre, the country ranks 177 in the classification of "Doing Business 2014" issued by the World's Bank.
Foreign direct investment is the net inflows of investment, the sum of equity capital, reinvestment of earnings, other long-term, and short-term capital as shown in the balance of payments. Grossly, it reflects the foreign ownership (minimum 10% of the value of the company) of production facilities. Haiti ranks 24th out of 29 countries in the South and Central America/Caribbean region with an overall score below the regional average. However, it shows an improvement of 2.4% over the last year's figure. With its huge population and large diaspora, Haiti is the fourth most popular destination in the sub-region for non-regional flights, mostly from the USA. It has a huge potential to be developed as a premier tourist destination.
Read more: economy, Investment, Business & Finance
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