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Latino Daily News

Tuesday February 21, 2012

Foreign Investment in Mexico Increase 9.7% in 2011

Foreign Investment in Mexico Increase 9.7% in 2011

Photo: Direct Foreign Investment

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Mexico received $19.44 billion in foreign direct investment last year, an increase of 9.7 percent over 2010, the economy ministry said Monday.

The United States accounted for 55 percent of the figure and Spain contributed 15 percent, with the remainder coming from the Netherlands, Switzerland, Canada and other countries.

Last year’s result brought Mexico’s total FDI for the 2007-2011 period to $113.8 billion, the ministry said.

Just over 44 percent of last year’s foreign direct investment went into manufacturing, while finance and insurance took 18 percent, 9.5 percent was channeled into the retail sector and 5.7 percent flowed to mass media.

More than 41 percent of 2011 FDI was in the form of “new investments” and 39.3 percent consisted of re-invested profits, the economy ministry said.

Mexico took in nearly 49 percent more FDI in the fourth quarter of 2011 than in the same period of the previous year.

Gross domestic product grew 3.9 percent last year, Mexico’s state-run National Institute of Statistics and Geography said last Thursday.

Mexico, Latin America’s second-biggest economy, saw its GDP expand by 5.5 percent in 2010 over the previous year, when the country was just beginning to emerge from its worst slump since the 1930s.

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