Economy & Business - March 2021


FDI slumps: On 18 February, Mexico’s economy ministry (SE) released preliminary figures on foreign direct investment (FDI) to the country in 2020, which show that FDI totalled US$29bn last year, an 11.7% drop on the amount received in 2019. The SE attributes this slump to the negative impact of the coronavirus (Covid-19) pandemic on investment flows globally and cites the World Investment Report published in January by the United Nations Conference on Trade and Development (UNCTAD), which estimates that global FDI flows were down 42% in 2020, compared with 2019. According to the SE, the manufacturing sector accounted for 40.6% of total FDI to Mexico in 2020, followed by the financial services & insurance sector, on 23.2%; transport, 9.8%; trade, 7.7%; mining, 4.6%; and mass media, 4.3%, with other sectors accounting for the remainder. As regards the main source countries, the US was the source of 39.1% of total FDI received, followed by Canada (14.5%), Spain (13.7%), Japan (4.2%), and Germany (3.5%).

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