Home Business-newBusiness Foreign direct investment in Yucatan well above the national average

Foreign direct investment in Yucatan well above the national average

by Yucatan Times
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As a result of the intense promotion of the state at the international level and the confidence of international companies, Yucatán registered a flow in Foreign Direct Investment (FDI) of 117 million dollars (mdd) during the first nine months of 2019, figure that exceeds the total registered in all 2018 and that meant an increase of 102.1% over the same period last year.

Yucatan is ranked among the first 6 states with the highest economic growth, despite the fact that at a national level Direct Foreign Investment has decreased by -3.91%.

According to data presented by the Federal Ministry of Economy (SE), the increase of 102.1% in the period of 2019 compared to last year, is due to the fact that by then the accumulated FDI flow was 57.9 million dollars.

The figures reached in the state even exceeded those recorded in the country, since Mexico as a whole, showed a reduction of -3.9% in the flow of FDI.

In the case of Yucatan, the sectors that have attreacted the largest investments from abroad are financial and insurance services, with 29.2% of the total reached and are followed by manufacturing industries, with 22.4% and accommodation services Temporary and food and beverage process, with 15.8%.

The same report indicates that, in the third quarter, the three countries that allocated the greatest flow of FDI to Yucatán were:

  1. United States with an investment of 52.6 million dollars, representing 45% of the total investment.
  2. Spain with an investment of 32.8 million dollars,  representing 28.1%
  3. Canada with an investment of 6.9 million dollars,  representing 5.9%.

The Yucatan Times Newsroom

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