A month-by-month comparison shows that the FDI of US$1.58 billion reported for November 2022 was far higher than FDI in November 2021, which was actually minus US$2.09 billion owing to the large amount of profits remitted abroad. For reference, the monthly average FDI over the past 12 months (December 2021-November 2022) was US$1.407 billion.
Equity participation was the leading component of FDI flow during the period, amounting to US$7.79 billion. Profit reinvestment followed, at US$6.1 billion, while debt instruments accounted for US$2.96 billion, a drop from October 2022 (US$3.91 billion) that was due to related debt payments.
“InvestChile’s efforts to attract investment from Europe and the USA will receive a boost this year from the recent opening of the agency’s new investment attaché offices, as well from the measures contained in the ‘Let’s invest in Chile’ plan, which we hope will keep foreign investment flowing actively this year,” commented the Minister.
InvestChile Director Karla Flores indicated that the high numbers achieved in 2022 will be hard to match this year, as they set a high bar that will require the agency to redouble its efforts. InvestChile kicked off that work by hosting the VI International InvestChile Forum 2022 and appointing new investment attachés for Europe and North America.
“Chile has caught the eye of high tech and clean energy investors, and it is those companies that we want to invite to be part of the country’s development,” said Flores.