• Based on InvestChile analysis, during March, a net balance of US$872 million in direct foreign investment flowed into Chile.

This morning, the Chilean Central Bank reported the foreign direct investment (FDI) figures for the first quarter of 2024, reporting that the country received a net flow of US$4,453 million, out of which US$872 million were received in March.

The balance accumulated to March represents a slight decrease compared to the same period in 2023, when US$4,468 million were recorded. However, when performing a comparison to the average for the historical period (2003 – 2024), it represents an increase of 1%.

The most significant component of the accumulated FDI balance through March was the reinvestment of profits in the amount of US$3,836 million, followed by the related debt of US$764 million, while equity holdings posted a negative net flow of US$146 million.

Stable flows

According to InvestChile Director, Juan Pablo Candia (A), the latest figures confirm that foreign direct investment in the country remains stable. “This is good news, taking into account that we ended 2023 with a record of more than US$21.7 billion in foreign investment, the highest since 2015. These amounts confirm that Chile continues to be an attractive alternative for companies seeking to develop their projects in the region,” said Candia.

In this regard, Candia explained that InvestChile has strengthened its work in the country and also the work it carries out with the attachés in the Americas, Europe and Asia. “InvestChile is working closely with regional governments to help them identify opportunities in their area and connect them with foreign investors who can boost the development of the region through their investment projects. In addition, thanks to our external network, we are receiving queries and concerns directly from the companies’ parents, which makes investment decisions much quicker,” he said.