In 2022, Chile was Latin America’s third-largest recipient of foreign direct investment. 2023 could even be better

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  • InvestChile, the Chilean Investment Promotion Agency, welcomed the results of the latest ECLAC report.

The World Investment Report published by the Economic Commission for Latin America and the Caribbean (ECLAC) reveals Chile’s remarkable performance in attracting foreign direct investment.

While surpassed by the region’s powerhouses, Mexico and Brazil, Chile’s investment inflows are higher than those of other significantly larger markets like Argentina, Colombia and Peru.

In 2022, Latin America and the Caribbean experienced a substantial surge in FDI, with a total of US$224 billion flowing into the region, marking a remarkable 55% increase compared to the previous year.

Among the top recipients, Brazil captured 41% of the regional total, followed by Mexico with 17% and Chile with an impressive 9%.

Considering the total investment amounts about the size of each economy, Chile ranks as the undisputed leader by a significant margin.

The report highlights the «renewed confidence of foreign investors» in Chile, as the country achieved its highest level of FDI in seven years.

InvestChile -the South American country’s Investment Promotion Agency-, welcomed the latest foreign direct investment (FDI) report published this Monday by the Economic Commission for Latin America and the Caribbean (ECLAC). According to the World Investment Report, FDI in Latin America obtained a historic result in 2022 after reaching US$224,579 million.

Of this total, Brazil led the list after receiving 41%, followed by Mexico with 17%, Chile (9%), Colombia (8%), Argentina (7%) and Peru (5%).

In this regard, the director of InvestChile, Karla Flores, highlighted the South American country’s performance, especially considering that 2022 was a challenging year in which FDI fell 12% globally. “Chile not only managed to increase foreign investment amid a complex year but also managed to position itself behind the two giants in the region and surpass significantly larger markets, such as Argentina, Colombia and Peru,” said Flores.

Flores elaborated on this analysis and added, “if we adjust the amounts invested in relation to the size of each economy, Chile clearly leads the regional ranking.” Specifically, when analyzing the flow of foreign direct investment in each country’s gross domestic product (GDP), Chile ranks first since the US$ 20,865 million of foreign investment it received in 2022 is equivalent to 6.9% of the country’s GDP (US$ 300,729 million).

According to the analysis carried out by InvestChile, Colombia is in second place with FDI flows equivalent to 4.9% of the country’s GDP, and Brazil is in third place with 4.8%, followed by Mexico (2.8%). And Argentina (2.4%).


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