According to the cited documentsMacro and risk
Public investment / GDP
~1.6%
Apr 2026 (Moody's report)Prensa LibrePublic investment runs at around 1.6% of GDP, among the lowest on the continent. Moody's (Apr 2026) makes investment grade conditional on taking it to 3–4% of GDP (roads, ports, airports). It is the other face of fiscal discipline: the state collects ~12% of GDP and invests ~1.6%, so stability is financed by structural austerity.
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- Implied target for investment grade (Moody's)3–4% of GDPApr 2026Prensa Libre
