Chile

13. Foreign Direct Investment and Foreign Portfolio Investment Statistics

Table 2: Key Macroeconomic Data, U.S. FDI in Host Country/Economy
Host Country Statistical source* USG or international statistical source USG or International
Source of Data: BEA; IMF;
Eurostat; UNCTAD, Other
Economic Data Year Amount Year Amount
Host Country Gross Domestic Product (GDP) ($M USD) 2019 $282.318 2018 $298.258 www.worldbank.org/en/country 
Foreign Direct Investment Host Country Statistical source* USG or international statistical source USG or international
Source of data: BEA; IMF;
Eurostat; UNCTAD, Other
U.S. FDI in partner country (USD billion, stock positions) 2019 $35.46 2019 25.08 BEA data available at
https://apps.bea.gov/
international/factsheet/ 
Host country’s FDI in the United States (USD billion, stock positions) 2019 $13.19 2019 2.9 BEA data available at
https://www.bea.gov/international/
direct-investment-and-
multinational-enterprises-
comprehensive-data 
Total inbound stock of FDI as % host GDP 2019 91.0% 2019 56.6% UNCTAD data available at
https://stats.unctad.org/handbook/
EconomicTrends/Fdi.html 

* Source for Host Country Data: Central Bank of Chile.

According to the IMF’s Coordinated Direct Investment Survey (CDIS), total stock of FDI in Chile in 2019 amounted to USD 254.3 billion, compared to USD 251.9 billion in 2018. Spain, the United States and Canada are the main sources of FDI to Chile with USD 34.5 billion, USD 34.4 billion and USD 34.2 billion, respectively, concentrating 40.6 percent of the total.

Chile’s outward direct investment stock in 2019 remains concentrated in South America, where Brazil, Peru, Argentina and Colombia together represented 33.4 percent of total Chilean outward FDI. The United States accounted for 9.2 percent of the total.

The data below is consistent with host country statistics. Although not included in the table below, tax havens are relevant sources of inward FDI to Chile, with the Cayman Islands and Bermuda ranking sixth and eighth in inbound sources of FDI, respectively, according to the Central Bank of Chile. The British Virgin Islands and Panama rank sixth and seventh, respectively, among Chile´s main outward FDI destinations.

Table 3: Sources and Destination of FDI
Direct Investment from/in Counterpart Economy Data
From Top Five Sources/To Top Five Destinations (US Dollars, Millions)
Inward Direct Investment Outward Direct Investment
Total Inward 254,252 100% Total Outward 130,234 100%
Spain 34,541 13.6% Brazil 21,458 16.5%
Canada 34,426 13.5% Peru 12,909 9.9%
United States 34,213 13.5% United States 11,944 9.2%
The Netherlands 20,494 8.1% Argentina 9,226 7.1%
United Kingdom 18,773 7.4% Colombia 9,071 7.0%
“0” reflects amounts rounded to +/- USD 500,000.

According to the IMF’s Coordinated Portfolio Investment Survey (CPIS), total stock of portfolio investment in Chile as of June 2020 amounted to USD 192.1 billion, of which USD 149.9 billion were equity and investment funds shares, and the rest were debt securities. The United States and Luxembourg (a tax haven) were the main sources of portfolio investment to Chile with US $69.3 billion and $54.3 billion, representing 36.1 percent and 28.3 percent of the total, respectively. Both countries also represent 68 percent of the total of equity investment. Ireland, the United Kingdom and Germany are the following top sources of equity portfolio investment to Chile, while the United States, Mexico and Japan are the top sources of debt securities investment.

Table 4: Sources of Portfolio Investment
Portfolio Investment Assets
Top Five Partners (Millions, current US Dollars)
Total Equity Securities Total Debt Securities
All Countries 192,070 100% All Countries 149,887 100% All Countries 42,183 100%
United States 69,304 36.1% Luxembourg 54,115 36.1% United States 21,263 50.4%
Luxembourg 54,327 28.3% United States 48,041 32.1% Mexico 4,018 9.5%
Ireland 17,048 8.9% Ireland 16,995 11.3% Japan 3,068 7.3%
United Kingdom 7,171 3.7% United Kingdom 5,756 3.8% Germany 2,406 5.7%
Germany 5,587 2.9% Germany 3,181 2.1% United Kingdom 1,415 3.4%

Investment Climate Statements
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