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Spain remains second largest investor in Latin America after US | The Corner

Spain remains second largest investor in Latin America after US | The Corner
In a year, 2023, of global decline in Foreign Direct Investment (FDI) and, despite the modest economic growth experienced by the region, Latin America

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Latin America Maintains Position in Foreign Direct Investment Despite Global Decline

According to the latest ‘Investing in the World 2024’ report by the United Nations Conference on Trade and Development (UNCTAD), Latin America maintained its position in Foreign Direct Investment (FDI) in 2023, with a slight decrease of 1% in the arrival of foreign capital. Despite the global trend of falling investment, FDI in Latin America remained almost stable, totaling $193 billion, making it the developing area least affected by the decline. The US, Spain, the Netherlands, and Luxembourg were the main investors in the region, with Brazil, Mexico, Argentina, Chile, and Colombia being the biggest recipients of FDI. However, there were notable differences between countries, with Mexico and Brazil continuing to be the main destinations for Spanish investment, while Chile and Argentina grew as attractive markets. Overall, foreign investment in Latin America remains subdued amid the global economic slowdown and rising geopolitical tensions.

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