LIMA, July 6 (NNN-ANDINA) — Foreign direct investment (FDI) flows to Peru doubled to US$11.656 billion in 2022, according to the United Nations Conference on Trade and Development (UNCTAD).
This information was contained in UNCTAD’s World Investment Report 2023 published on 5 July, 2023.
In the report, UNCTAD states that FDI flows to Latin America and the Caribbean rose by 51% to US$208.454 billion in 2022, sustained by higher demand for commodities and critical minerals.
In South America, all major recipients saw their FDI flows rise, driven by investment in mining and hydrocarbons.
Flows to Brazil rose by 70% to US$86.050 billion —the second-highest level ever recorded— due to a doubling of reinvested earnings.
FDI to Colombia grew by 82% to US$17.048 billion, led by extractives; construction; finance; and transport, logistics and communication services.
Meanwhile, flows of foreign direct investment more than doubled to US$15.087 billion in Argentina.
“FDI to Colombia grew by 82% to US$17 billion, led by extractives; construction; finance; and transport, logistics and communication services. FDI in Argentina and Peru doubled to US$15 billion and US$12 billion, respectively,” the report states.
In Central America, FDI reached US$44.480 billion —up 5% from 2021.
Flows to Mexico, the second-largest recipient in Latin America, increased by 12% to US$35.292 billion, with a rise in new equity investment and reinvested earnings.
In the Caribbean (excluding financial centers), FDI increased by 53% to US$3.916 billion, mainly driven by growth in inflows to the Dominican Republic, to US$4.010 billion. — NNN-ANDINA
