According to InvestChile's analysis, the accumulated figure for the first seven months of the year is 10% higher than the average of the historical series (2003-2024).
The Central Bank reported this morning the figures for foreign direct investment (FDI) as of July, which showed that in the first seven months of 2024 the country received a net flow of US$ 9,427 million, an amount 10% higher than the average for the January-July period of the last two decades (since 2003).
However, the US$ 9,427 million represents a 34% decrease compared to last year's flow at the same date due to the high base of comparison, since as of July 2023 FDI inflows to the country accumulated US$ 14,181 million. InvestChile recalled that the amount of FDI reached in 2023 was the highest in the last nine years.
The most important component of the accumulated flow through July of this year is reinvested earnings with US$5,581 million, followed by related debt with US$1,986 million and finally equity investments with US$1,860 million.
Work in Promotion
Karla Flores, director of InvestChileexplained that the record figure reached by FDI in 2023 (US$ 21,738 million in the whole year) in a complex international context, presents a challenging scenario for this year.
"We are working throughout the country, in conjunction with the regional governments, to help them detect investment opportunities that are in line with the development plan of each region and in turn are attractive to foreign companies. Likewise, our six investment attachés are deployed, publicizing the investment opportunities that Chile offers, and maintaining a permanent dialogue with the head offices of companies with operations in the country," said Flores.
Check out the original article on InvestChile's website.
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