• According to an analysis conducted by InvestChile, foreign investment inflows to the country in September alone reached US$1.50 billion.

This morning, Chile’s Central Bank released foreign direct investment (FDI) data for January-September 2023, with total inflows reaching US$16.0 billion in the period and FDI inflows of US$1.50 billion in September alone.

According to the analysis conducted by InvestChile, FDI in the year-to-date 2023 has been the fifth highest figure recorded between 2003-2023, and 10% higher than the average over the last five years (US$14.6 billion).

FDI inflows in January-September 2023 were similar to the previous year, falling by 2% compared to the same period in 2022 (US$16.3 billion).

The largest component of FDI inflows continues to be share capital, accounting for US$9.50 billion, followed by reinvested profits, which accounted for US$7.83 billion. Meanwhile, debt instruments reported a negative inflow of US$1.34 billion.

The FDI figures released today are preliminary, and will be reviewed by the Central Bank on November 20.

Working to maintain dynamism

According to InvestChile Director, Karla Flores, the fact that foreign investment inflows to the country remain dynamic is good news, highlighting the positive perspectives that foreign companies have of Chile.

“In October, together with the Minister of Economy, Nicolás Grau, we carried out an investment promotion tour in Asia, and we recently visited the United States together with President Gabriel Boric. On both occasions, we participated in meetings with foreign companies that reiterated their interest in investing or expanding their investments in Chile. Both the Central Bank figures and companies’ own opinions demonstrate that Chile offers the confidence and opportunities that foreign companies need to develop their projects, which are key for Chilean people to access more and better jobs, as well as new development opportunities for our regions,” said InvestChile’s Director.