Milei’s Argentina, surpasses Chile, Peru, and Uruguay in the global ranking of confidence for foreign investment.
Brazil, Mexico, and Argentina entered the top 25 in Kearney’s 2024 ranking of the most attractive destinations for foreign direct investment.
In the new edition of the Foreign Direct Investment Confidence Index, it was Brazil, Mexico, and Argentina that represented Latin America.
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Mexico ranked 21st in the ranking, thus returning to the top 25 most attractive countries for international capital investment. This reflects a significant advancement for the country, after not being part of the ranking since 2018, four years ago.
According to this index, Mexico is currently the second most attractive country in Latin America for FDI, only behind Brazil, which is in the 19th position.
Brazil – the most attractive country in the region – also returned to the ranking after not qualifying in the 2023 version. However, the South American giant had participated in the years 2022, 2021, and 2020.
On the other hand, Argentina was the big surprise of this edition, as it reappeared in the 24th position, surpassing Denmark (25), after not appearing for more than 10 years.
Omar Troncoso, general director in Mexico of Kearney, during the presentation of the Foreign Direct Investment Confidence Index (FDICI), linked Mexico’s rise to the ‘nearshoring’ effect or relocation of supply chains to closer or more friendly locations.
Regarding Argentina’s re-entry into the ranking, he stated that it was a consequence of Javier Milei’s new government, which he described as “quite market-friendly.”
However, the resurgence of the country from the Río de la Plata had begun earlier. “FDI inflows to Argentina rose to US$15.1 billion in 2022, up from US$6.8 billion in 2021. This increase of nearly 125% reflects the growing enthusiasm for this market as an investment destination,” the report states.
It is worth noting that the Foreign Direct Investment Confidence Index found that the most attractive country for these inflows of foreign capital is – for the twelfth consecutive time – the United States, followed by Canada, China, the United Kingdom, and Germany, in order.
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