• InvestChile’s analysis found that Chile received net FDI inflow during January of
  US$1,939 million, US$ 293 million more than in the same month last year.

This morning the Central Bank reported its first foreign direct investment (FDI) figures for 2024. It reported that US$ 1,939 million was received in January, an increase of 17.8% compared to January 2023 when it was US$ 1,646 million, and US$ 851 million higher than in December 2023. InvestChile’s analysis found that this figure is also 17% higher than the January average from 2003 to 2024, which was US$1,656 million.

The most important component in January was reinvested earnings of US$ 1,288 million, followed by debt instruments of US$ 428 million. However, equity investments were lower than in previous months at US$ 223 million.

Driving investment

The InvestChile Director, Karla Flores, said “Starting the year with positive FDI figures is undoubtedly good news, as this extends the good momentum experienced by foreign investment in 2023. These figures invite us to continue our coordinated promotion of foreign investment in Chile, with the aim of strengthening our ability to attract investment and generate the employment opportunities that our country requires, especially in sectors that must accelerate their development of quality and in regions that require investment and good quality jobs”, she said.

She said “Therefore, InvestChile will continue to roll-out our international promotion and coordination measures, together with Chile’s regional authorities. We are starting 2024 by participating in the PDAC fair in Canada this week, together with the Mining Minister Aurora Williams. The aim is to present a new portfolio of exploration and mining projects to the most important investors in the sector. Next week we will be in Korea and Japan, together with Minister Jessica López, presenting the concessions portfolio. We will also be signing collaboration agreements with two regions, with the aim of encouraging new investments where they are most needed”.

She concluded, “This is a special year, as we will hold our Seventh InvestChile International Forum, which will be attended by over 100 international companies managing specific investment projects in sectors such as the lithium industry, technological and digital infrastructure, infrastructure concessions, and clean energy and its storage. We hope that this event will produce some good news for Chile as well”.