Subject of the study – the investment climate of a country, as the set of conditions that determine the attractiveness of its economy for domestic and foreign investors.Purpose of the study – to decompose the investment climate in order to enable the targeted application of economic policy tools for its improvement and for achieving the country’s economic development goals.Research methods. The study employs methods of analysis and synthesis, abstraction and analogy, as well as systemic and logical–historical approaches.Results. The article identifies the key components of the investment climate, taking into account investor interests and the objectives of national economic policy. These components include: market demand, regulatory environment, taxation, access to raw materials, financial resources, infrastructure, and human capital. The study demonstrates that assessments of the investment climate may vary significantly depending on the type of investor (particularly by industry), due to the different weighting of factors within their business models. At the same time, different types of investments have varying value for a country’s economic development. Therefore, economic policy should be based on modeling a targeted investment climate, considering the interests of desirable investor types and their potential role in achieving national economic development goals. This approach allows for effective customization of economic policy, supporting the implementation of economic strategy through the tools of economic engineering.