Peru ranked as the fourth South American country that received the most foreign direct investment (FDI) flows in 2017, the Economic Commission for Latin America and the Caribbean's (ECLAC) latest report revealed on Thursday.
As is known, the Central Reserve Bank (BCR) previously announced the Inca country attracted US$6.769 billion in
foreign direct investment last year, a 1.4% decrease compared to 2016.
In this sense, Peru surpassed Chile (US$6.419 billion), Bolivia (US$725 million), Ecuador (US$606 million), Paraguay (US$356 million), Uruguay (US$27 million), and Venezuela (US$0).
Nevertheless, it was overtaken by Brazil (US$70.685 billion), Argentina (US$11.517 billion), and Colombia (US$13.924 billion).
In addition, the ECLAC study indicated
FDI flows to South America amounted to US$111.028 billion in 2017, 4% less than the figures recorded the previous year.
Latin America
The report also pointed out foreign direct investment in
Latin America and the Caribbean reached US$161.673 billion in 2017, a 3.6% decline from the year before.
"Even amid stronger global economic growth (3.2%), abundant international liquidity, high corporate returns and optimism in the financial markets (…) FDI flows to Latin America and the Caribbean contracted for the third year in a row in 2017,"
ECLAC Executive Secretary Alicia Barcena noted.
(END) CNA/JAA/MVB