Mexico: Due to Covid, foreign investment fell 11.7% last year

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(Mexico News Daily)

Foreign investment in Mexico slumped in 2020 as the coronavirus pandemic caused a sharp contraction in money flows around the world.

The Economy Ministry (SE) reported Thursday that preliminary figures show that foreign direct investment (FDI) declined 11.7% last year compared to 2019.

It said that US $39.22 billion in FDI flowed into the country and $10.14 billion flowed out for a net result of +$29.08 billion. That’s $3.84 billion less than 2019 when the net result was +$32.92 billion.

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