translated from Spanish: Despite pandemic, Jalisco reports 38.4% increase in Foreign Investment

While Foreign Direct Investment (EDI) in the country had a drop of 11.7%, largely due to the COVID-19 pandemic, in Jalisco this indicator had a record and reached $2.154 million attracted to the entity.
The number of EDIs reported by Jalisco in 2020 represents an increase of 38.4% compared to 2019, when the entity attracted $1,554.9 million. 
It should be noted that 2020 was the second year in a row that this indicator reported an increase as investments of $843 million were attracted in 2018.
Jalisco’s $2.152 million of EDD puts the entity fourth nationally only below Mexico City (6,947 mdd); Nuevo León (3,367 mdd) and the State of Mexico (2,402 mdd).

In Mexico, the EDI in 2020 was $29,079 million, so the figure reported by Jalisco represents 7.4% of the total, in this entity where the Jalisco Plan for Economic Reactivation was launched so that the state reverses the negative dynamics at the national level.
“We have very good news regarding Foreign Investment in Jalisco Directa in Jalisco, according to the figures just sent to us by the Ministry of the Economy, during 2020 in Jalisco $2.152 million of Foreign Direct Investment was captured, this represents 38.4% more than in 2019 that $1.554 million was raised in preliminary figures, it is important to mention that at the national level 11.7% less was captured, unfortunately than in 2019,” said Secretary of Economic Development (Sedeco), Ernesto Sánchez Proal.
“By 2020, the most uptaken economic sectors were manufacturing industries with a total of $861 million (40%); followed by financial and insurance services with $455 mdd (21.1%) and trade with $266 mmd (12.4%),” the official said.
The United States was the largest investment country in Jalisco with $481 million (22.4%); followed by Germany with $354 mdd (16.5%); Canada with $333 mdd (15.5%); Spain with $266 mdd (12.4%) united Kingdom $175 mdd (8.1%).
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Original source in Spanish

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