Ministry of Economy announced 378 investments during 2023
El Financiero | January 18, 2024 |

Over the course of 2023, the private sector announced 378 investments, projecting a Foreign Direct Investment (FDI) of 110,744 million dollars, stated the Ministry of Economy.

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The agency indicated that this amount is equivalent to 6.7 percent of the GDP in 2022 and foresees the creation of approximately 234,725 direct jobs.

More than half of these investments come from three nations: the United States leads with 38 percent, followed by China with 12 percent, and Denmark with 9 percent. Australia, Korea, Argentina, Germany, France, Taiwan and the Netherlands make up another 32 percent.

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By sector, 47 percent of investments are directed to manufacturing, with the automotive and auto parts industry being the main beneficiaries. Iron and steel manufacturing, electronic components, and the beverage sector together account for 21 percent of manufacturing investments.

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