Investment policy

Foreign direct investment in figures


FDI in the first half of 2023

 October 2023 update:

  • Global FDI flows rebounded to USD 727 billion in the first half of 2023 but remained 30% below the levels recorded in the first half of 2022. Much of the increase came in the first quarter of 2023, whereas global FDI flows dropped by 44% in Q2 2023, compared to the previous quarter.

(USD bn)

 Source: OECD International Direct Investment Statistics database.

  •  FDI inflows to the OECD area increased to USD 275 billion yet they were 42% below their levels recorded in the first half of 2022 and below half year levels in 2021. They switched to positive levels in Q1 2023 but then dropped by 58% in Q2, largely due to lower equity inflows and reinvested earnings, partly reflecting that new investment activities continue to slow down.
  • Outflows from the OECD area more than doubled compared to the second half of 2022, to USD 580 billion, although they were below previous half-year levels. Here too, much of the increase took place in Q1, whereas FDI outflows from OECD countries dropped by 56% in Q2.
  • FDI flows into non-OECD G20 economies dropped by 15% in the first half of 2023. They decreased by 13% in Q1 and by a further 27% in Q2.
  • The United States was the leading FDI recipient worldwide, followed by Brazil; Canada and Mexico, both equally ranked as third largest FDI recipient. The United States was also the major investor worldwide, followed by China and Japan.
  • Completed cross-border M&A activity continued on a downward trend in the midst of a weaking economic environment, impacted by high prices, increasing interest rates, and on-going geopolitical uncertainty. The value of completed deals dropped by 23% in advanced economies and by 49% in emerging markets and developing economies.
  • Capital expenditures of announced greenfield investment projects remained strong in emerging markets and developing economies, partlydriven by a large project in renewable energy announced in Mauritania but the number of announced projects slowed down.   







Global FDI flows rebounded but still struggled in the first half of 2023

31/10/2023 - In the first half of 2023, global FDI flows rebounded to USD 727 billion from very low levels recorded in the second half of 2022, but remained 30% below the level recorded in the first semester of 2022. There were important surges in Luxembourg and the Netherlands from large disinvestments in H2 2022. FDI flows in the United States, the largest recipient of FDI flows, remained stable. However, decreases were recorded in more than two-third of OECD economies


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FDI in Figures

Published twice yearly, FDI in Figures provides analysis on key developments and trends in global foreign direct investment flows using the most recent FDI statistics and data on mergers and acquisitions (M&A).

October 2022 + Excel data + Infographic

April 2022 + Excel data + Infographic  EN | FR

October 2021 + Excel data + Infographic

April 2021 + Excel data + Infographic EN | FR

October 2020 + Excel data 

April 2020 + Excel data

October 2019 + Excel data 

April 2019 + Excel data

October 2018 + Excel data

July 2018 + Excel data

April 2018 + Excel data

January 2018 update (excel)

October 2017 + Excel data

July 2017 update (excel)

April 2017 + Excel data

November 2016 + Excel data  |  April 2016 + Excel data

October 2015  |  April 2015

December 2014  |  April 2014  |  February 2014

October 2013  |  July 2013  |  April 2013



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Towards an international framework for investment facilitation, 2018

The government role in mobilising investment and innovation in renewable energy, 2017

Overcoming barriers to international investment in clean energy, 2015

International investment in Europe: A canary in the coal mine?, 2014

Improving Indonesia's investment climate, 2011




FDI, corruption and the OECD Anti-Bribery Convention

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FDI trends and their implication for development


Investment News

Prior to 2013, investment news was published in a regular newsletter

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Trends and recent developments

Prior to 2007, reports on FDI trends were published annually in International Investment Perspectives 

2007 | 2006 | 2005 | 2004 | 2003 | 2002


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