PH’s FDI contracted by 24.6% in 2020
The Philippine foreign direct investments (FDI) weakened by 24.6% to $6.5 billion in 2020, mainly due to the “disruptive impact of the pandemic on global supply chains and the weak business outlook.”
This is the Philippine FDI’s consecutive decrease since it last peaked in 2017.
According to the central bank, the FDI declined 62.6% in December 2020. However, the agency clarified that this is “due to significantly large inflows in December 2019, resulting in what’s called a base effect.”
Further, it is noted that the bulk of the equity capital placements in 2020 are from Japan, the Netherlands, United States, and Singapore.
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