• According to InvestChile’s analysis, the accumulated figure through June 2024 is 20% higher than the average for the historical series (2003-2024).

This morning, the Central Bank reported foreign direct investment (FDI) figures as of June, revealing that in the first six months of 2024 the country received a net flow of US$8.43 billion, which is 20% higher than the average for the January-July period in the last two decades (since 2003).

However, this US$8.43 billion represents a 26% decrease compared to last year’s flow at the same date due to the high base of comparison. InvestChile recalled that FDI in 2023 was the highest it has been in the last nine years.

The most important component of the accumulated cash flow in 2024 is profit reinvestment at US$5,068 million, followed by trade-related lending at US$1,709 million and finally shares in equity capital at US$1,705 million. 

Promotional Work

The InvestChile Director, Karla Flores, pointed out that “foreign investment flows remain on a good footing if we look at them from a long-term perspective, even though it will be a major challenge to match the record amounts from 2023. We have had very good news in recent weeks, with announcements such as the US$7.5 billion investment by Freeport McMoran to expand El Abra, or the US$11 billion green ammonia megaproject that the European consortium HNH submitted for environmental assessment. These projects are a good example of the interest and commitment of foreign companies to continue developing their projects in Chile,” said Flores.