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 311,582,000,000.00 2016
2 Netherlands 252,440,000,000.00 2016
3 China 217,203,000,000.00 2016
4 Japan 169,654,000,000.00 2016
5 Ireland 102,188,000,000.00 2016
6 Germany 76,260,520,000.00 2016
7 Hong Kong SAR, China 71,416,950,000.00 2016
8 Canada 67,349,200,000.00 2016
9 Hungary 66,363,130,000.00 2016
10 France 64,385,800,000.00 2016
11 Spain 50,472,370,000.00 2016
12 United Kingdom 49,858,380,000.00 2016
13 Switzerland 39,797,320,000.00 2016
14 Luxembourg 31,642,580,000.00 2016
15 Belgium 28,719,930,000.00 2016
16 Korea 27,274,200,000.00 2016
17 Cayman Islands 25,736,250,000.00 2016
18 Singapore 23,888,380,000.00 2016
19 Russia 22,314,330,000.00 2016
20 Denmark 17,592,830,000.00 2016
21 Sweden 17,144,040,000.00 2016
22 United Arab Emirates 15,711,400,000.00 2016
23 Italy 15,238,350,000.00 2016
24 Thailand 13,409,070,000.00 2016
25 Finland 13,245,280,000.00 2016
26 Israel 13,071,900,000.00 2016
27 Brazil 12,816,190,000.00 2016
28 Poland 11,170,000,000.00 2016
29 Malaysia 10,062,880,000.00 2016
30 Norway 8,619,256,000.00 2016
31 Saudi Arabia 8,602,863,000.00 2016
32 Qatar 7,901,923,000.00 2016
33 Chile 7,124,909,000.00 2016
34 Kuwait 6,401,528,000.00 2016
35 Portugal 5,529,304,000.00 2016
36 Mexico 5,514,974,000.00 2016
37 India 5,047,292,000.00 2016
38 Colombia 4,516,402,000.00 2016
39 Slovak Republic 4,116,265,000.00 2016
40 Kazakhstan 3,463,998,000.00 2016
41 South Africa 3,345,215,000.00 2016
42 Turkey 3,147,000,000.00 2016
43 Angola 2,747,750,000.00 2016
44 Azerbaijan 2,573,601,000.00 2016
45 Philippines 2,112,968,000.00 2016
46 Argentina 1,786,531,000.00 2016
47 Venezuela 1,560,000,000.00 2016
48 Nigeria 1,300,906,000.00 2016
49 Cyprus 1,160,401,000.00 2016
50 Romania 1,044,904,000.00 2016
51 Vietnam 1,000,000,000.00 2016
52 Panama 953,600,000.00 2016
53 Lithuania 811,894,800.00 2016
54 Bulgaria 774,550,000.00 2016
55 Czech Republic 651,942,500.00 2016
56 Lebanon 641,908,700.00 2016
57 Morocco 635,714,000.00 2016
58 Botswana 583,150,800.00 2016
59 Brunei 507,944,000.00 2015
60 Costa Rica 495,113,900.00 2016
61 Slovenia 474,951,200.00 2016
62 Uruguay 466,836,000.00 2016
63 Togo 451,541,200.00 2016
64 The Bahamas 358,587,400.00 2016
65 Oman 356,594,300.00 2016
66 Australia 354,159,400.00 2016
67 Libya 341,378,000.00 2016
68 Honduras 328,120,000.00 2016
69 Iraq 304,300,000.00 2016
70 Peru 303,229,200.00 2016
71 Dem. Rep. Congo 272,334,000.00 2016
72 Georgia 255,879,100.00 2016
73 Latvia 244,865,800.00 2016
74 Serbia 242,879,100.00 2016
75 Sri Lanka 236,808,100.00 2016
76 Jamaica 213,830,000.00 2016
77 Egypt 206,600,000.00 2016
78 Ecuador 201,465,000.00 2016
79 Macedonia 200,006,400.00 2016
80 Estonia 189,502,900.00 2016
81 Ukraine 173,000,000.00 2016
82 Bahrain 170,212,800.00 2016
83 Kenya 157,712,100.00 2016
84 Belarus 122,900,000.00 2016
85 Cambodia 121,238,300.00 2016
86 Dominican Republic 115,800,000.00 2016
87 El Salvador 112,594,000.00 2016
88 Guatemala 106,900,000.00 2016
89 Iran 104,112,300.00 2016
90 Paraguay 91,161,000.00 2016
91 Madagascar 89,727,780.00 2016
92 Bolivia 73,866,040.00 2016
93 Armenia 66,203,540.00 2016
94 New Caledonia 54,829,420.00 2016
95 Pakistan 52,000,000.00 2016
96 Algeria 46,797,460.00 2016
97 Liberia 41,202,770.00 2016
98 Bangladesh 40,445,900.00 2016
99 Senegal 38,047,910.00 2016
100 Zambia 36,937,860.00 2016
101 Kyrgyz Republic 36,486,500.00 2016
102 Yemen 34,898,000.00 2016
103 Mozambique 34,720,700.00 2016
104 Tunisia 33,984,630.00 2016
105 Zimbabwe 33,333,000.00 2016
106 Niger 30,988,980.00 2016
107 Nicaragua 28,100,000.00 2016
108 Albania 27,500,000.00 2016
109 Guyana 26,000,000.00 2016
110 Mali 19,970,090.00 2016
111 Benin 17,248,130.00 2016
112 Congo 16,428,000.00 2016
113 Moldova 16,290,000.00 2016
114 Samoa 15,204,980.00 2016
115 Ghana 14,665,000.00 2016
116 Mauritania 14,648,000.00 2015
117 Mongolia 14,472,970.00 2016
118 Timor-Leste 12,666,800.00 2016
119 Cameroon 10,087,750.00 2016
120 Côte d'Ivoire 9,047,849.00 2016
121 Cabo Verde 8,652,360.00 2016
122 Rwanda 7,578,378.00 2016
123 Bosnia and Herzegovina 7,534,868.00 2016
124 Antigua and Barbuda 6,511,060.00 2016
125 Burkina Faso 5,658,271.00 2016
126 Mauritius 5,486,482.00 2016
127 Jordan 3,239,437.00 2016
128 Lao PDR 1,768,000.00 2016
129 Belize 1,718,810.00 2016
130 Guinea-Bissau 1,538,610.00 2016
131 Solomon Islands 1,365,432.00 2016
132 St. Vincent and the Grenadines 1,265,489.00 2016
133 Tonga 1,174,719.00 2016
134 São Tomé and Principe 1,006,101.00 2016
135 Vanuatu 938,438.40 2016
136 Grenada 507,709.50 2016
137 Uganda 150,610.80 2016
138 Kiribati 46,230.32 2016
139 Burundi 36,443.27 2016
140 Dominica 3,405.65 2016
141 Central African Republic 0.00 2015
141 Haiti 0.00 2015
141 Nauru 0.00 2015
141 Comoros 0.00 2014
141 Chad 0.00 2015
141 Tanzania 0.00 2014
141 Dem. People's Rep. Korea 0.00 2014
141 Equatorial Guinea 0.00 2015
141 Palau 0.00 2014
141 Sierra Leone 0.00 2014
141 Syrian Arab Republic 0.00 2014
152 Papua New Guinea -31,917.99 2016
153 Afghanistan -769,844.30 2016
154 The Gambia -1,003,089.00 2016
155 Guinea -1,761,207.00 2016
156 Malawi -4,087,000.00 2016
157 St. Kitts and Nevis -4,215,559.00 2016
158 Swaziland -5,497,363.00 2016
159 Namibia -6,022,408.00 2016
160 Barbados -11,167,870.00 2016
161 St. Lucia -20,431,260.00 2016
162 Fiji -22,787,700.00 2016
163 Eritrea -27,875,540.00 2000
164 Lesotho -31,360,000.00 2014
165 Suriname -47,517,190.00 2016
166 Seychelles -68,251,840.00 2016
167 Tajikistan -158,979,000.00 2013
168 Gabon -168,380,400.00 2016
169 Montenegro -184,825,800.00 2016
170 Trinidad and Tobago -226,392,700.00 2016
171 Croatia -285,671,800.00 2016
172 Macao SAR, China -737,097,700.00 2016
173 New Zealand -900,542,000.00 2016
174 Greece -1,576,525,000.00 2016
175 Iceland -1,908,537,000.00 2016
176 Malta -6,704,532,000.00 2016
177 Indonesia -11,801,280,000.00 2016
178 Austria -28,627,570,000.00 2016

More rankings: Africa | Asia | Central America & the Caribbean | Europe | Middle East | North America | Oceania | South America | World |

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).