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

Definition: Foreign direct investment refers to direct investment equity flows in the reporting 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. 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 Egypt 8,106,800,000.00 2016
2 Nigeria 4,434,648,000.00 2016
3 Angola 4,104,423,000.00 2016
4 Ethiopia 3,988,953,000.00 2016
5 Ghana 3,485,333,000.00 2016
6 Mozambique 3,128,150,000.00 2016
7 Morocco 2,318,279,000.00 2016
8 South Africa 2,250,191,000.00 2016
9 Congo 2,006,000,000.00 2016
10 Algeria 1,637,371,000.00 2016
11 Zambia 1,575,049,000.00 2016
12 Guinea 1,511,611,000.00 2016
13 Tanzania 1,365,388,000.00 2016
14 Dem. Rep. Congo 1,204,709,000.00 2016
15 Sudan 1,063,768,000.00 2016
16 Gabon 703,194,600.00 2016
17 Tunisia 695,100,900.00 2016
18 Chad 559,857,500.00 2016
19 Madagascar 540,842,800.00 2016
20 Uganda 522,638,500.00 2016
21 Sierra Leone 516,000,000.00 2016
22 Libya 492,556,000.00 2016
23 Côte d'Ivoire 481,027,700.00 2016
24 Liberia 453,180,000.00 2016
25 Kenya 393,359,400.00 2016
26 Senegal 392,815,600.00 2016
27 Mauritius 349,418,600.00 2016
28 Zimbabwe 343,013,800.00 2016
29 Somalia 339,000,000.00 2016
30 Malawi 325,632,800.00 2016
31 Burkina Faso 308,723,300.00 2016
32 Namibia 301,387,000.00 2016
33 Niger 292,834,900.00 2016
34 Mauritania 271,134,800.00 2016
35 Togo 254,938,400.00 2016
36 Rwanda 254,451,700.00 2016
37 Benin 160,585,200.00 2016
38 Djibouti 159,998,900.00 2016
39 Cameroon 128,202,300.00 2016
40 Mali 125,530,900.00 2016
41 Cabo Verde 114,223,600.00 2016
42 Seychelles 86,416,690.00 2016
43 Lesotho 80,434,060.00 2016
44 Equatorial Guinea 53,962,170.00 2016
45 Eritrea 52,305,380.00 2016
46 Central African Republic 31,196,880.00 2016
47 Swaziland 27,049,950.00 2016
48 São Tomé and Principe 22,152,090.00 2016
49 Guinea-Bissau 19,582,210.00 2016
50 Botswana 10,476,240.00 2016
51 Comoros 8,015,631.00 2016
52 Burundi 55,420.36 2016
53 The Gambia -1,526,519.00 2016

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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).