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 Japan 159,099,000,000.00 2018
2 Germany 159,083,000,000.00 2018
3 France 126,210,000,000.00 2018
4 China 96,472,250,000.00 2018
5 Ireland 94,359,780,000.00 2018
6 Hong Kong SAR, China 55,988,400,000.00 2018
7 Canada 52,591,640,000.00 2018
8 Switzerland 47,203,860,000.00 2018
9 United Kingdom 43,115,130,000.00 2018
10 Cayman Islands 40,377,820,000.00 2018
11 Korea 38,917,200,000.00 2018
12 Singapore 36,330,730,000.00 2018
13 Spain 32,816,460,000.00 2018
14 Russia 31,376,880,000.00 2018
15 Italy 27,639,150,000.00 2018
16 Saudi Arabia 22,987,340,000.00 2018
17 Thailand 20,470,390,000.00 2018
18 United Arab Emirates 15,079,290,000.00 2018
19 Sweden 14,476,270,000.00 2018
20 Brazil 14,060,380,000.00 2018
21 India 11,417,790,000.00 2018
22 Mexico 10,456,920,000.00 2018
23 Indonesia 6,354,224,000.00 2018
24 Israel 6,116,700,000.00 2018
25 Malaysia 5,716,347,000.00 2018
26 Colombia 5,121,765,000.00 2018
27 Finland 4,964,133,000.00 2018
28 South Africa 4,545,633,000.00 2018
29 Czech Republic 4,394,674,000.00 2018
30 Philippines 3,948,341,000.00 2018
31 Turkey 3,637,000,000.00 2018
32 Qatar 3,522,802,000.00 2018
33 Uruguay 3,338,907,000.00 2018
34 Kuwait 2,971,770,000.00 2018
35 Slovak Republic 2,317,107,000.00 2018
36 Australia 2,245,706,000.00 2018
37 Chile 1,948,642,000.00 2018
38 Argentina 1,802,221,000.00 2018
39 Azerbaijan 1,760,877,000.00 2018
40 Venezuela 1,654,667,000.00 2018
41 Norway 1,572,609,000.00 2018
42 Nigeria 1,380,860,000.00 2018
43 Luxembourg 1,372,774,000.00 2018
44 Panama 1,187,400,000.00 2018
45 Austria 1,123,380,000.00 2018
46 Lebanon 1,058,432,000.00 2018
47 Romania 995,367,800.00 2018
48 Bulgaria 960,020,000.00 2018
49 Greece 891,516,700.00 2018
50 Algeria 879,668,000.00 2018
51 Lithuania 813,488,700.00 2018
52 Oman 716,254,800.00 2018
53 Poland 707,000,000.00 2018
54 Morocco 664,641,900.00 2018
55 Vietnam 598,000,000.00 2018
56 Costa Rica 580,752,800.00 2018
57 New Zealand 562,617,300.00 2018
58 Brunei 507,944,000.00 2015
59 Croatia 446,052,900.00 2018
60 Denmark 437,469,600.00 2018
61 Slovenia 435,745,900.00 2018
62 Serbia 358,102,400.00 2018
63 Egypt 323,489,000.00 2018
64 Côte d'Ivoire 317,770,100.00 2018
65 Libya 314,933,000.00 2018
66 Georgia 291,836,300.00 2018
67 Togo 259,461,900.00 2018
68 Guatemala 235,400,000.00 2018
69 Honduras 216,635,100.00 2018
70 Portugal 210,492,000.00 2018
71 Dem. Rep. Congo 209,231,300.00 2018
72 Dominican Republic 209,200,000.00 2018
73 Iraq 188,400,000.00 2018
74 Trinidad and Tobago 171,232,900.00 2018
75 Kenya 164,384,700.00 2018
76 Cambodia 123,963,600.00 2018
77 Botswana 120,816,900.00 2018
78 The Bahamas 119,000,000.00 2018
79 Madagascar 117,896,300.00 2018
80 Ukraine 116,000,000.00 2018
81 Bahrain 111,170,200.00 2018
82 Montenegro 106,560,700.00 2018
83 Namibia 95,068,260.00 2018
84 Liberia 84,075,740.00 2018
85 Mauritius 83,349,180.00 2018
86 New Caledonia 82,651,910.00 2018
87 Ghana 81,000,000.00 2018
88 Nicaragua 75,100,000.00 2018
89 Iran 74,601,110.00 2018
90 Senegal 72,883,020.00 2018
91 Burkina Faso 69,066,580.00 2018
92 Sri Lanka 67,856,570.00 2018
93 Mali 54,513,380.00 2018
94 Paraguay 51,118,420.00 2018
95 Zambia 45,322,770.00 2018
96 Niger 44,003,980.00 2018
97 Belarus 41,300,000.00 2018
98 Lesotho 38,289,500.00 2012
99 Moldova 35,280,000.00 2018
100 Barbados 34,288,000.00 2018
101 Tunisia 34,002,420.00 2018
102 Bosnia and Herzegovina 32,915,190.00 2018
103 Mongolia 27,926,870.00 2018
104 Zimbabwe 26,771,880.00 2018
105 Benin 24,324,360.00 2018
106 Cabo Verde 22,141,090.00 2018
107 Peru 19,161,070.00 2018
108 Rwanda 17,964,150.00 2018
109 Grenada 15,352,590.00 2018
110 Bangladesh 15,225,340.00 2018
111 Congo 13,608,230.00 2018
112 St. Lucia 13,190,740.00 2018
113 Jamaica 12,670,740.00 2018
114 Suriname 11,770,010.00 2018
115 Solomon Islands 9,055,533.00 2018
116 Pakistan 9,000,000.00 2018
117 Antigua and Barbuda 8,563,704.00 2018
118 Armenia 7,012,506.00 2018
119 Afghanistan 6,400,000.00 2018
120 Angola 5,714,168.00 2018
121 Malawi 5,677,287.00 2018
122 Iceland 5,377,498.00 2018
123 Mauritania 3,637,000.00 2018
124 Yemen 3,605,667.00 2018
125 São Tomé and Principe 2,358,229.00 2018
126 Uzbekistan 1,911,236.00 2018
127 Palau 1,200,000.00 2018
128 Vanuatu 1,165,461.00 2018
129 Guinea-Bissau 1,144,466.00 2018
130 Belize 718,372.60 2018
131 Uganda 327,251.80 2018
132 Kiribati 122,000.00 2018
133 Dominica 38,148.15 2018
134 Samoa 37,877.62 2018
135 Lao PDR 10,000.00 2018
135 Guyana 10,000.00 2018
137 Burundi 5.61 2018
138 Sierra Leone 0.00 2018
138 Greenland 0.00 2018
138 Haiti 0.00 2018
138 Somalia 0.00 2017
138 Timor-Leste 0.00 2018
138 Tuvalu 0.00 2017
138 Nauru 0.00 2015
138 Syrian Arab Republic 0.00 2014
138 Equatorial Guinea 0.00 2015
138 Comoros 0.00 2014
138 Chad 0.00 2015
138 Tanzania 0.00 2017
138 Dem. People's Rep. Korea 0.00 2014
138 Turkmenistan 0.00 2017
138 Central African Republic 0.00 2015
153 Guinea -330,000.00 2018
154 St. Kitts and Nevis -462,592.60 2018
155 Kyrgyz Republic -1,673,100.00 2018
156 Ecuador -2,549,622.00 1989
157 Fiji -3,630,945.00 2018
158 Tonga -4,051,325.00 2018
159 St. Vincent and the Grenadines -4,756,667.00 2018
160 The Gambia -5,577,667.00 2018
161 Albania -6,641,612.00 2018
162 Jordan -7,605,634.00 2018
163 Cameroon -9,282,000.00 2018
164 Eswatini -11,474,060.00 2018
165 Mozambique -14,089,800.00 2018
166 Eritrea -27,875,540.00 2000
167 Tajikistan -28,288,360.00 2018
168 North Macedonia -60,519,820.00 2018
169 Gabon -62,928,330.00 2018
170 Seychelles -67,118,100.00 2018
171 Bolivia -88,515,890.00 2018
172 Estonia -217,651,300.00 2018
173 Latvia -342,106,800.00 2018
174 Papua New Guinea -342,713,400.00 2018
175 El Salvador -412,771,600.00 2018
176 Macao SAR, China -496,376,000.00 2018
177 Kazakhstan -4,711,148,000.00 2018
178 Cyprus -5,755,217,000.00 2018
179 Malta -6,730,771,000.00 2018
180 Belgium -61,149,230,000.00 2018
181 Hungary -77,726,020,000.00 2018
182 United States -78,456,000,000.00 2018
183 Netherlands -226,429,000,000.00 2018

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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: Sum

Periodicity: Annual

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