Foreign investment in Mexico rises to $19.44 billion in 2011

Foreign investment in Mexico rises to $19.44 billion in 2011

Wed, 2012-02-22

The economy of Mexico continues to grow. Mexico recorded $19.4 billion in foreign direct investment in 2011, which is an increase of 9.7 percent from $17.7 billion in 2010, the country’s Ministry of the Economy said Feb. 20.

Mexico's main economic partner, the United States, was the top foreign investor, contributing 55 percent of all foreign investment.

Aside from the United States, foreign direct investment from Spain made up 15 percent of foreign investment in Mexico. The Netherlands invested 6.7 percent and Switzerland at 6.3 percent.

Mexico’s manufacturing sector received 44.1 percent of foreign direct investment. Financial services and insurance received 18 percent, while commerce received 9.5 percent of foreign investment.

Mexico received $17.72 billion in foreign investment in 2010, an increase of 16.6 percent from the previous year. The economy of Mexico grew 3.9 percent in 2011 and is predicted to grow between 3.5 and 4.0 percent in 2012.