• According to the analysis conducted by InvestChile, foreign investment inflows to the country in October alone were US$1.60 billion. Accumulated foreign investment in the first ten months of 2023 is the fourth highest figure recorded in the last 20 years.

This morning, Chile’s Central Bank released foreign direct investment (FDI) figures for January to October 2023, with total inflows reaching US$17.9 billion and FDI in October alone reaching US$1.60 billion.

According to the analysis conducted by InvestChile, foreign investment in the year-to-date 2023 is the fourth highest in the period between 2003 and 2023. It is also 11% higher than average FDI from January to October in the last five years, (US$16.1 billion).

Compared to the previous year, foreign investment in January-October 2023 increased slightly.

The largest component of FDI inflows continues to be share capital, accounting for US$10.6 billion, followed by reinvested profits, which accounted for US$8.22 billion. Meanwhile, debt instruments reported a negative inflow of US$903 million.

Working to maintain dynamism

InvestChile Director, Karla Flores, noted that as 2022 was a record year for foreign investment in Chile, maintaining those figures this year is good news, as it demonstrates that foreign companies continue to choose the country to develop their projects in the region.

“Chile offers the stability and talent that foreign companies look for when establishing operations in Latin America, and that is very important for us because foreign investment—in addition to being a key engine for economic recovery—improves the quality of life of the Chilean people by promoting regional development, introducing more advanced technologies, and generating high-quality employment. This motivates us as an agency to continue working to grow this investment,” said Flores.