The US is number 1, China number 3, Hong Kong number 7, and Canada number 11. No, this isn’t the latest ranking in a sports contest, but rather a ranking on CNBC.com as to which countries received the most foreign direct investment (FDI) in 2008.
Tracked by the United Nations Conference of Trade and Development (UNCTAD), global FDI inflows reached its peak in 2007 with $1.98 trillion and shrank to $1.70 trillion in 2008. A net positive FDI (inbound vs outbound) is preferable as investors view the country as a good place to invest, but it also signifies that there is room for possible job creation and business expansion, a plus for any country.
Hong Kong’s FDI inflows captured 3.7 per cent of world inflows in 2008 ($63 billion), up by one per cent from the previous year. FDI Outflows as well increased, but by a larger margin, five per cent ($59.92 billion). As for China, percentage of world FDI inflows ($108.31 billion) increased by 2.2 per cent and outflows ($52.15 billion) increased by 1.8 per cent.
You can browse the full list of 15 countries by viewing cnbc.com’s slideshow.
Photo by Chris Gin.
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