Foreign direct investment, net outflows (BoP, current US$) - Country Ranking

Definition: Foreign direct investment refers to direct investment equity flows in an economy. It is the sum of equity capital, reinvestment of earnings, and other capital. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy. Ownership of 10 percent or more of the ordinary shares of voting stock is the criterion for determining the existence of a direct investment relationship. This series shows net outflows of investment from the reporting economy to the rest of the world. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and Development and official national sources.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 United States 357,189,000,000.00 2014
2 Luxembourg 175,414,000,000.00 2014
3 Hong Kong SAR, China 140,892,000,000.00 2014
4 Japan 119,653,000,000.00 2014
5 Germany 118,676,000,000.00 2014
6 Ireland 98,451,300,000.00 2014
7 China 80,418,490,000.00 2014
8 Russia 56,392,560,000.00 2014
9 Canada 56,378,290,000.00 2014
10 Spain 46,052,110,000.00 2014
11 Singapore 40,659,880,000.00 2014
12 France 34,821,210,000.00 2014
13 Netherlands 33,674,690,000.00 2014
14 Korea 28,039,200,000.00 2014
15 Brazil 26,039,690,000.00 2014
16 Norway 21,084,900,000.00 2014
17 Italy 20,408,860,000.00 2014
18 Malaysia 16,196,660,000.00 2014
19 Cayman Islands 13,584,000,000.00 2014
20 Kuwait 13,108,370,000.00 2014
21 Chile 12,051,510,000.00 2014
22 Indonesia 10,387,530,000.00 2014
23 India 9,950,597,000.00 2014
24 Portugal 9,008,830,000.00 2014
25 Hungary 8,981,994,000.00 2014
26 Denmark 8,401,907,000.00 2014
27 Mexico 8,304,117,000.00 2014
28 South Africa 7,692,077,000.00 2014
29 Switzerland 7,469,529,000.00 2014
30 Philippines 7,178,093,000.00 2014
31 Austria 7,153,255,000.00 2014
32 Turkey 7,047,000,000.00 2014
33 Qatar 6,748,351,000.00 2014
34 Poland 6,191,000,000.00 2014
35 Saudi Arabia 5,395,990,000.00 2014
36 Thailand 4,270,269,000.00 2014
37 Angola 4,253,084,000.00 2014
38 Mauritius 3,969,448,000.00 2014
39 Colombia 3,898,951,000.00 2014
40 Israel 3,667,200,000.00 2014
41 United Arab Emirates 3,071,778,000.00 2014
42 Croatia 2,203,624,000.00 2014
43 Cyprus 1,995,688,000.00 2014
44 Azerbaijan 1,987,073,000.00 2014
45 Argentina 1,789,081,000.00 2014
46 Lebanon 1,762,483,000.00 2014
47 Oman 1,669,701,000.00 2014
48 Kazakhstan 1,660,045,000.00 2014
49 Nigeria 1,601,233,000.00 2014
50 Macao SAR, China 1,363,812,000.00 2014
51 Vietnam 1,150,000,000.00 2014
52 Venezuela 1,024,000,000.00 2014
53 New Zealand 1,008,774,000.00 2014
54 Libya 940,000,000.00 2014
55 Greece 901,635,000.00 2014
56 Bulgaria 879,900,000.00 2014
57 Estonia 834,743,100.00 2014
58 Panama 780,900,000.00 2014
59 Trinidad and Tobago 725,912,300.00 2014
60 Costa Rica 624,341,200.00 2014
61 Iran 604,581,000.00 2014
62 Latvia 573,781,600.00 2014
63 Lithuania 550,450,600.00 2014
64 Ukraine 548,000,000.00 2014
65 Togo 464,132,600.00 2014
66 Morocco 443,677,000.00 2014
67 Georgia 406,550,700.00 2014
68 The Bahamas 397,500,000.00 2014
69 Slovak Republic 350,982,100.00 2014
70 Serbia 350,704,500.00 2014
71 Romania 269,206,800.00 2014
72 Egypt 252,700,000.00 2014
73 Iraq 241,500,000.00 2014
74 El Salvador 200,686,500.00 2014
75 Slovenia 200,325,500.00 2014
76 Dominican Republic 176,800,000.00 2014
77 Honduras 174,084,200.00 2014
78 Bangladesh 172,861,800.00 2014
79 Pakistan 116,000,000.00 2014
80 Botswana 111,367,000.00 2014
81 Mongolia 107,935,400.00 2014
82 Paraguay 99,508,000.00 2014
83 Mozambique 97,009,250.00 2014
84 Peru 95,952,000.00 2014
85 Barbados 92,519,290.00 2014
86 Gabon 85,900,000.00 2014
87 Nicaragua 83,900,000.00 2014
88 Jordan 83,380,280.00 2014
89 Albania 75,671,600.00 2014
90 Yemen 73,433,860.00 2014
91 Belarus 73,400,000.00 2014
92 Zimbabwe 72,000,000.00 2014
93 Burkina Faso 69,453,810.00 2014
94 Sri Lanka 66,823,330.00 2014
95 New Caledonia 62,992,280.00 2014
96 Tunisia 39,347,820.00 2014
97 Uruguay 37,011,050.00 2014
98 Senegal 36,996,580.00 2014
99 Moldova 35,490,000.00 2014
100 Iceland 34,832,830.00 2014
101 Ecuador 33,064,380.00 2014
102 Cambodia 31,920,290.00 2014
103 Benin 31,496,230.00 2014
104 Montenegro 27,877,290.00 2014
105 Niger 20,960,530.00 2014
106 Armenia 16,036,520.00 2014
107 Timor-Leste 12,666,670.00 2014
108 Tonga 11,479,500.00 2014
109 Côte d'Ivoire 8,999,579.00 2014
110 Cabo Verde 8,830,108.00 2014
111 Kiribati 7,870,612.00 2014
112 Mali 7,833,945.00 2014
113 Congo 7,436,000.00 2014
114 Ghana 6,400,000.00 2014
115 Bosnia and Herzegovina 6,173,602.00 2014
116 Antigua and Barbuda 6,059,285.00 2014
117 Samoa 4,328,892.00 2014
118 Mauritania 4,175,492.00 2014
119 São Tomé and Principe 3,931,551.00 2014
120 Rwanda 3,787,824.00 2014
121 Belize 2,734,614.00 2014
122 St. Lucia 2,505,377.00 2014
123 St. Kitts and Nevis 2,421,725.00 2014
124 Dominica 2,081,343.00 2014
125 Lao PDR 1,978,000.00 2014
126 Guinea 900,000.00 2014
127 Fiji 778,869.90 2014
128 Solomon Islands 673,161.80 2014
129 Grenada 533,375.20 2014
130 Swaziland 516,030.30 2014
131 Vanuatu 450,411.20 2014
132 Uganda 428,549.50 2014
133 St. Vincent and the Grenadines 377,508.20 2014
134 Guinea-Bissau 222,424.50 2014
135 Burundi 27,413.38 2014
136 Central African Republic 1,292.36 2002
137 Equatorial Guinea 0.00 2014
137 Palau 0.00 2014
137 Syrian Arab Republic 0.00 2014
137 Papua New Guinea 0.00 2014
137 Comoros 0.00 2014
137 Dem. People's Rep. Korea 0.00 2014
137 Bolivia 0.00 2014
137 Guyana 0.00 2014
137 Haiti 0.00 2014
137 Brunei 0.00 2014
137 Madagascar 0.00 2014
137 Afghanistan 0.00 2014
149 Kyrgyz Republic -36,700.00 2014
150 Liberia -1,000,000.00 2014
151 Sierra Leone -1,600,000.00 2014
152 Jamaica -2,145,103.00 2014
153 Chad -2,147,153.00 1999
154 Malawi -4,736,026.00 2014
155 Algeria -18,438,630.00 2014
156 Eritrea -27,875,540.00 2000
157 Lesotho -31,360,000.00 2014
158 Seychelles -76,845,690.00 2014
159 Kenya -78,485,330.00 2014
160 Bahrain -79,521,280.00 2014
161 Namibia -90,056,370.00 2014
162 Guatemala -116,701,400.00 2014
163 Cameroon -158,800,000.00 2014
164 Tajikistan -158,979,000.00 2013
165 Macedonia -200,509,700.00 2014
166 Suriname -223,771,600.00 2014
167 Australia -602,972,300.00 2014
168 Zambia -976,000,000.00 2014
169 Czech Republic -1,713,261,000.00 2014
170 Belgium -1,826,674,000.00 2014
171 Finland -1,864,373,000.00 2014
172 Dem. Rep. Congo -2,063,173,000.00 2014
173 Sweden -6,860,260,000.00 2014
174 Malta -8,897,121,000.00 2014
175 United Kingdom -88,596,230,000.00 2014

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Development Relevance: Private financial flows - equity and debt - account for the bulk of development finance. Equity flows comprise foreign direct investment (FDI) and portfolio equity. Debt flows are financing raised through bond issuance, bank lending, and supplier credits.

Limitations and Exceptions: FDI data do not give a complete picture of international investment in an economy. Balance of payments data on FDI do not include capital raised locally, an important source of investment financing in some developing countries. In addition, FDI data omit nonequity cross-border transactions such as intra-unit flows of goods and services. The volume of global private financial flows reported by the World Bank generally differs from that reported by other sources because of differences in sources, classification of economies, and method used to adjust and disaggregate reported information. In addition, particularly for debt financing, differences may also reflect how some installments of the transactions and certain offshore issuances are treated. Data on equity flows are shown for all countries for which data are available.

Statistical Concept and Methodology: Data on equity flows are based on balance of payments data reported by the International Monetary Fund (IMF). Foreign direct investment (FDI) data are supplemented by the World Bank staff estimates using data from the United Nations Conference on Trade and Development (UNCTAD) and official national sources. The internationally accepted definition of FDI (from the sixth edition of the IMF's Balance of Payments Manual [2009]), includes the following components: equity investment, including investment associated with equity that gives rise to control or influence; investment in indirectly influenced or controlled enterprises; investment in fellow enterprises; debt (except selected debt); and reverse investment. The Framework for Direct Investment Relationships provides criteria for determining whether cross-border ownership results in a direct investment relationship, based on control and influence. Distinguished from other kinds of international investment, FDI is made to establish a lasting interest in or effective management control over an enterprise in another country. A lasting interest in an investment enterprise typically involves establishing warehouses, manufacturing facilities, and other permanent or long-term organizations abroad. Direct investments may take the form of greenfield investment, where the investor starts a new venture in a foreign country by constructing new operational facilities; joint venture, where the investor enters into a partnership agreement with a company abroad to establish a new enterprise; or merger and acquisition, where the investor acquires an existing enterprise abroad. The IMF suggests that investments should account for at least 10 percent of voting stock to be counted as FDI. In practice many countries set a higher threshold. Many countries fail to report reinvested earnings, and the definition of long-term loans differs among countries. BoP refers to Balance of Payments.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).