- United Nations Conference on Trade and Development (UNCTAD) released its World Investment Report 2023.
- Foreign direct investment (FDI) in developing countries during 2022 stood at $662 billion.
- Among developing countries, 80% of the region's FDI inflows went to China, Singapore, India and the United Arab Emirates.
- In 2022, FDI inflows to India are set to increase by 10% ($49 billion), while China records 5% annual growth.
- Developing countries including India attract $544 billion in FDI in clean energy in 2022.
- FDI in Singapore and UAE increased by 8% and 10% respectively.
- FDI inflows to ASEAN member countries increased by 41% to $222 billion.
- FDI in the Gulf region has declined and flows to smaller developing countries have remained stable.
- Overall global FDI is expected to decline by 12% to $1.3 trillion in 2022. The decline in global FDI is due to lower volume of financial flows and transactions in developed countries.
- According to the World Investment Report 2023, developing countries face a growing annual investment deficit to achieve the Sustainable Development Goals (SDGs) by 2030.
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Economics
