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Foreign direct investment up by 83% to US$8,358 million in first seven months

The director of InvestChile, Cristián Rodríguez, pointed out that this is more than entered the country in the whole of last year.

 At US$8,358 million, foreign direct investment (FDI) in Chile in the first seven months of this year was up by 83% on the same period last year. According to the Central Bank of Chile, there was a net inflow of US$2,570 million in July, led by a high level of equity contributions which, over the first seven months, totaled US$4,937 million.

The figure for the first seven months is higher than the average for 2015-2019 (US$6,107 million) and, as noted by the director of InvestChile, Cristián Rodríguez, also exceeds the inflow of US$6,082 million received in the whole of last year. “It is good news that foreign investment continues to grow robustly because it boosts economic growth and the creation of high-quality jobs. It is noteworthy that, in the midst of political and commercial uncertainty, Chile continues to attract investors from around the world to implement their projects here,” said Rodríguez.

Equity accounted for 59% of total FDI to July (US$4,937 million) while the reinvestment of profits accounted for 34%, followed by related borrowing with 7%.

The director de InvestChile recalled that FDI figures have varied widely in recent years so the figure to July does not necessarily mark a trend for the rest of the year. This means, he said, that the agency will have to redouble its efforts if the figures are to continue to increase. “At the agency, we will continue to work each day so that more and better foreign investment reaches the different sectors and boosts our country’s economic activity,” concluded  Rodríguez.