ECLAC reports 9.9% drop in FDI for Latin America, the Caribbean in 2023

Latin America and the Caribbean recorded a second consecutive year of declines in the flow of global foreign direct investment (FDI) receiving US$184.304 billion last year.

This is according to a new report issued today by the Economic Commission for Latin America and the Caribbean (ECLAC).

It said that the 2023 figure is 9.9 per cent below what was recorded in 2022, but still above the average notched in the last decade.

ECLAC said the weight of FDI inflows as a share of the region's GDP also declined. In 2023, it represented 2.8%.