Philippine FDI up yearly from 2014, accelerates from 2017-2018

From 2014-2018, Foreign Direct Investment (FDI) in the Philippines continued to increase, exceeding expectations. Starting from 2014 at about 4.893Billion dollars, it has maintained an upward rise to hit 6.520 Billion in 2015 to more than 10 Billion dollars in 2017, marking steady gropwth over the last four years depite the change in government with the assumption of current president Rodrigo Duterte in 2016.

Most recent FDI data show an even faster rate in 2018. The first quarter of 2018, it is accounted that the country’s FDI has hit $1.6 billion, up by 142.9% from the same period in 2017.

In 2017, the most of the investments came from the Netherlands, Singapore, the United States, Japan, and Hong Kong. These investments were from gas, steam, and air-conditioning supply; manufacturing; real estate; construction; and wholesale and retail trade, among others.

According to the Bangko Sentral ng Pilipinas, the Philippines is a favorable investment destination on the back of the country’s sound macroeconomic fundamentals and growth prospects.

FDI is investment made by business firms, including the opening of new companies and the infusion of funds or capital for expansion in current businesses. It is n indicator of investor confidence.

This article originally appreared on agriculture website