2022 was a positive year for foreign direct investment in Latin America and the Caribbean, showing a strong recovery after its big drop due to the pandemic and reaching announcements of close to US$100 billion Which sector attracted the highest percentage of foreign direct investment announcements in Latin America and the Caribbean in 2022?

ANSWER 

Coal, oil and gas. Fossil fuels accounted for almost a quarter of the foreign direct investment announced in Latin America and the Caribbean, driven mainly by projects in Guyana and Brazil. This was followed by the automotive manufacturing sector, with 13%, reflecting the boom that Mexico is experiencing as part of the process of nearshoringand renewable energies, with 11% of the total.

Source: ECLAC