Furthermore, investments received in 2022 fell by US$2.6 billion to US$18.3 billion. After these corrections, the increase in foreign direct investment received by Chile in 2023 was 19.2%. InvestChile reports that this increase was significantly influenced by the downward correction in the comparison figure. However, it adds that US$21.7 billion is the fourth highest figure over the last 20 years, and the highest figure over the last five years. The 2023 figure is 50% higher than the historical average, and 36% higher than the average for the last five years.
The final FDI for 2023 comprised US$10.7 billion in equity investments, followed by US$8.8 billion in reinvested profits and in third place US$2.1 billion in related debt.
The Executive Director of InvestChile, Karla Flores, added that this is the result of coordination between various State agencies and the private sector with the goal of attracting the investment that Chile needs and ensuring that it is aligned with the Government’s development strategy.
Flores explained, "these figures encourage us to continue striving as an agency. We are attracting investment to Chile that brings with it innovation, technology, training and best practices. This not only consolidates our regional leadership in key sectors such as technological infrastructure, decarbonization solutions, critical minerals and clean energy, but it also creates significant development for areas outside Santiago, as it boosts and diversifies their economic fabric and creates improved employment opportunities. Foreign investment helps us to make substantial
quality improvements in sectors where we need to rapidly progress. It is an economic driver that we all need to protect and strengthen."