• According to InvestChile’s analysis, the cumulative figure as of November is the fifth-largest since 2003.

This morning, the Chilean Central Bank released the foreign direct investment (FDI) data for January-November 2023, when cumulative FDI flow reached US$19.3 billion, up US$1.4 billion from the October figure.

According to InvestChile’s analysis, the cumulative figure as of November is the fifth-largest since 2003 and 17% over the five-year average for the same period (US$16.5 billion).

Last year’s cumulative figure of US$19.3 billion is down 4.8% from the November 2022 figure of US$20.2 billion.

The largest component of the cumulative FDI flow remains equity participation at US$10.9 billion, followed by reinvested earnings at a cumulative figure of US$9.2 billion. Debt instruments, meanwhile, recorded a negative flow of US$788 million.

The FDI figures released today are provisional and will be reviewed by the Central Bank on March 18.

Confidence in Chile remains

InvestChile Director Karla Flores highlighted that foreign investors continue to bet on Chile for their projects.

“In the last two years, we have recorded extremely high foreign investment figures, placing us third in the region for FDI, behind countries with economies larger than ours. Despite intense competition for attracting investment in Latin America and emerging economies, in general, foreign companies continue to trust Chile with new investments and capital reinvestments. InvestChile continues working to attract projects that inject capital, enable quality leaps in key productive sectors and create jobs for all Chile’s people,” said Flores.