China, US and UK main destinations for global FDI, shows report by international economic organization
Global foreign direct investments rebounded in the first half of 2021 to reach $870 billion, exceeding the pre-pandemic levels by 43%, according to a report issued by the Organization of Economic Co-operation Countries (OECD) on Friday.
The amount of foreign direct investments was also up more than double versus 2020, according to the international economic organization.
“In the OECD area, FDI (foreign direct investments) inflows more than doubled to USD 421 billion, as a result of significant growth in the vast majority of OECD countries,” said the report.
It added that China was the main destination for global foreign direct investments,followed by the US and the UK, during the first half of 2021.
The report noted: “Inflows to the OECD area were twice as high in the same period, and 30% up from the same values recorded in the first half of 2019.
“Outflows from the OECD area increased four-fold from historically low levels in 2020, and were 75% higher than in the first six months of 2019.”