外国直接投资数据

April 2026 Increases in FDI flows throughout 2025 remained uneven,amid moderate growth and rising uncertainty HIGHLIGHTS Global foreign direct investment (FDI) flows were up by 15% in 2025, to USD 1 660 billion, and by 6% whenexcluding large fluctuations from selected European economies.The rebound in FDI flows was uneven across OECD countries. Some European countries saw the biggestincreases, while growth was more uniform among non-OECD G20 economies. In the People’s Republic ofChina (hereafter ‘China’), FDI flows increased after three years of decline. In many countries, the rise wasmainly due to intra-company loans and higher reinvested earnings.In 2025, the United States, China and Brazil were the three largest global destinations for FDI, while theUnited States, Japan and China were the leading sources of FDI outflows.Cross-border merger and acquisitions (M&A) activity remained resilient, with a notable rebound in emergingmarkets and developing economies (EMDEs) from a decade-low in 2024. Greenfield investment stalled in2025, with a decline in both the number of announced projects and capital spending, affecting EMDEs inparticular.Geopolitical tensions and sustained inflationary pressures could weigh on the outlook for 2026. Find latest FDI data online In this issue Detailed FDI statistics by partner country and by industry areavailable fromOECD’s online FDI database(seepre-definedqueries). Find detailed information on inward and outward FDIflows, income and positions by main destination or sourcecountry, by industry sector, and for resident SPEs as well asinformation on inward FDI positions by ultimate investingcountry. Newdetailed data for 2024 are now available. Recent developmentsFDI flows by instrumentsFDI income by componentsM&A and greenfield projectsTables of FDI statistics Recent developments In 2025, global FDI flows were up 15% from 2024, to USD 1 660 billion (Figure 1).1However, theyincreasedmore moderately,by 6%,when excluding large fluctuations in selected Europeaneconomies.2 This increase was uneven among OECD economies but more consistently observed across emergingeconomies. In both groups, it was driven primarily by movements in intra-company loans and higherreinvestment of earnings (Section 3). Against a backdrop of stronger-than-expected global growth, butpersistent geopolitical tensions, policy uncertainty and inflationary pressures affecting many economies,M&A activity remained resilient, while greenfield investment announcements stalled in 2025 (Section4). Looking ahead, the conflict in the Middle East and the continued elevated economic uncertainty areexpected to weigh on the outlook for 2026, as prolonged inflation, stemming in part from higher energyprices, could cloud prospects for sustained growth. Inflows FDI inflows in 2025 remained heavily influenced by large fluctuations in selected European economies(Figure 2). Overall, FDI flows inthe OECD areaincreased by 9% to USD 748 billion; however, excludingthese fluctuations, flows declined by 2%.2Among OECD economies, Austria, Norway and Australiarecorded the most notable decreases (Figure 3), driven by reduced equity inflows (Section 2). Inthe EU area, FDI inflows dropped by 5% in 2025, driven by decreases in Luxembourg and theNetherlands, partly offset by rebounds in Ireland and a notable surge in Germany, due to movementsin intra-company loans. FDI flowsinG20 non-OECDeconomies increased by 42%, with gains recorded across all economies,except Argentina, Indonesia and South Africa. FDI flows in the People’s Republic of China (hereafter‘China’) rebounded for the first time after three years of consecutive decline, driven by movements inintra-company loans. The United States remained thetop destination for FDI inflowsworldwide in 2025 (USD 288 billion),followed by China (USD 80 billion) and Brazil (USD 77 billion).3 Outflows FDI outflows fromthe OECD areaincreased by 12% (Figure 4), but were broadly stable once largefluctuations in selected European countries were excluded. Among the other OECD economies, Franceand Germany recorded the most significant increases (Figure 5), driven mainly by equity flows in Franceand by higher reinvestment of earnings and movements in intra-company loans in Germany. Bycontrast, FDI outflows declined in Canada and Spain, reflecting reduced equity flows (Section 2). Inthe EU area, FDI outflows were up by 24% in 2025. However, when excluding volatile outflows fromselected EU countries, the increase was more moderate, at 10%, driven by rebounds in France andGermany. FDI outflows fromG20 non-OECD economiesdropped by 2% in 2025, driven by declines in China forthe second consecutive year, reflecting changes in intra-company loans.5Despite this decline, Chinaremains one of the world’s major sources of FDI outflows.By contrast, Brazil and India recorded higheroutflows, supported by increased equity flows and, in Brazil’s case, movements in intra-company loans. In 2025, the Uni