In 2023, a total of US$2,262M in FDI was registered in Uruguay, implying a reduction compared to 2022.
The foreign direct investment (FDI) totaled 2,262 million net dollars in the Uruguay during 2023, implying a significant reduction compared to 2022, thus accompanying the global context, where investment flows decreased by 2%, totaling 1.33 trillion dollars, and with developed economies monopolizing 70% of them.
According to a recent report by Uruguay XXIin 2022 the country had received FDI for more than 3,000 million dollars, representing more than 4% of the Gross domestic product (GDP). However, during last year the total amount represented just over 2% of the national GDP.
Over the past year, Uruguay captured almost 50 investment projects from foreign companies, where 70% were announcements of new projects and the remaining 30% were acquisitions (M&A). In 2023, the stock of FDI in the country was 37,701 million dollars, representing 49% of the national GDP.
In turn, the government agency’s document maintains that 84% of foreign companies installed in the country are “satisfied” or “very satisfied” about the possibilities of developing their businesses, according to the results of the third Business Survey. Foreigners.
In the breakdown of FDI flows, capital contributions totaled 501 million dollars last year, the reinvestment of profits amounted to 544 million dollars and loans between related companies were 1,217 million dollars.
Foreign direct investment was negative during the first half
During the first half of 2024, meanwhile, FDI was negative by 1,769 million dollars, mainly due to the fact that loans between related companies were at negative values.
Spain It is the country that accumulates the most FDI in the Uruguaywith 18%, followed closely by Finland with 13%; Argentina with 12% and Brazil with 10%. Behind these, contributions from nations such as Netherlands, USA, Chili, Singapore, Swissamong others.
Source: Ambito
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