Tulum Beach, Riviera Maya

Foreign Investment in Mexico Rose 9.7% in 2011

Foreign Investment in Mexico Rose 9.7% in 2011.

–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 FDI 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s