Borderlands Mexico: Foreign direct investment in Mexico $39B so far in 2024

Foreign direct investment in Mexico $39B so far in 2024

Global companies continue to be bullish on Mexico’s economic prospects, as foreign direct investment (FDI) into the country totaled $38.2 billion from January through May, according to the country’s economy ministry.

The figure was a 35% increase compared to the same period in 2023, when Mexico recorded FDI of $29 billion. FDI is measured as investments to expand, acquire or establish new business in a country, according to the U.S. Bureau of Economic Analysis.

The majority of investments in Mexico in the first five months of the year came from the United States, which accounted for $20 billion (51% of FDI). Germany ranked No. 2 at $5.7 billion (14%) and Argentina came in third with $4.4 billion (11%).