Productive foreign investment reacts in November, but falls in 2023

Direct investment in the country (IDP), which is the sum of resources invested by foreigners in the country, responded in November, reaching US$ 7.8 billion, according to the Central Bank (BC. It was almost double what the market expected and interrupted a sequence of weaker monthly performances.

The result, however, was insufficient to improve the 2023 numbers. Between January and November, US$52.7 billion entered. 35.9% less than that recorded in the same period in 2022.

The IDP totaled 57.7 billion in the 12 months up to November (2.68% of GDP), very close to the 57.5 billion up to October (2.71% of GDP), but substantially below the US$77.1 billion recorded in November 2022 (4.01% of GDP).

The market expectation is that US$59 billion entered in the form of IDP last year. For this year, the projection is US$65 billion, according to the BC’s Focus bulletin.