Economy · cross-border direct investment

Foreign direct investment

One archived World Bank/WDI snapshot tracks China’s FDI net inflows, net outflows, GDP ratios, world share and long-run economy rankings. FDI is a net flow and can be negative; it is not FDI stock or a synonym for new factory investment.

World Bank · FDI net inflows ↗

Complete global ranking · 2024

#15World Bank · FDI net inflows ↗

China among the top 15 positive net inflows; 2025 cross-economy coverage is incomplete and excluded

Before reading the charts

FDI is a net cross-border direct-investment flow, not a universal score

The World Bank/WDI series use a balance-of-payments direct-investment concept. Both inflows and outflows can be negative, and financial centres, holding companies and corporate restructuring can materially affect annual values. This page never turns negative values into zero and never silently equates WDI FDI with China MOFCOM’s utilized-foreign-capital measure.

Five boundaries

Net flows can be negative

Net flow ≠ FDI stock

WDI BoP FDI ≠ MOFCOM utilized foreign capital

Large financial-centre FDI ≠ equal new physical investment

2025 stays out of the global ranking

01

What FDI actually measures

Control or significant influence—not every cross-border capital flow

FDI generally describes a cross-border investment relationship in which an investor has control or a significant degree of influence over an enterprise in another economy. WDI includes equity capital, reinvested earnings and other direct-investment capital; ownership of 10% or more of ordinary voting shares is an important criterion for a direct-investment relationship. Portfolio securities are outside this concept.

02

China’s long-run FDI inflows

Inward and outward direct investment are now both material flows

China’s net-inflow series begins in 1979 and net outflows in 1982. Current-dollar values reflect transaction size, exchange rates, corporate restructuring and revisions. A negative annual net flow does not mean “no foreign investment”; it means the net balance fell below zero.

China long-run trend

FDI net inflows and net outflows

Billion current US dollars; negative values are preserved. Inflows and outflows are different directional balance-of-payments net flows and should not be casually subtracted into “money gained” or “capital flight”.

1979–2025
View exact milestone values
YearNet inflows (US$ bn)Net outflows (US$ bn)
1979+0.00
1992+11.16+4.00
2001+47.05+9.70
2008+171.53+56.74
2015+242.49+174.39
2020+253.10+153.72
2024+42.65+192.20
2025+79.98+157.21
Source: World Bank · FDI net inflows ↗ · World Bank · FDI net outflows ↗ · WDI balance-of-payments net flows; negative values are not zero-filledchinainfigures.com

03

China share of world FDI

Share shows relative position, but the world denominator also moves sharply

The world share divides China by the WDI WLD world aggregate from the same archived snapshot rather than hand-summing positive economies. Because FDI is a net flow, both the world total and China can move sharply with disinvestment, reverse investment, corporate restructuring and revisions; a rising share does not necessarily mean China’s absolute inflow also rose.

04

How the global ranking changes

Rank positive net inflows only; never disguise negative values as zero

The animation runs from 1990 through 2024. Each year must have at least 150 real economies with values and at least 100 positive observations before taking the top 15 positive net inflows. China and World already have 2025 values, but only 97 real economies do, so 2025 stays out of the global ranking.

Broad-coverage animated ranking

Top 15 economies by FDI net inflows

Billion current US dollars; large flows through financial and holding centres are not equivalent to the same amount of new factory investment.

2024
Comparison boundary: Only 97 real economies have 2025 net-inflow values in this snapshot, so the ranking stops at 2024.
Accessible exact-value table for the current year
RankEconomyFDI net inflows (US$ bn)
Source: World Bank · FDI net inflows ↗ · Real economies; top 15 positive net inflows; 1990–2024; no interpolation or zero fillchinainfigures.com

05

Switch to a GDP-relative ruler

Absolute dollars favour large economies; GDP share asks about relative importance

FDI net inflows as a share of GDP scale annual inflows by the size of the domestic economy. This is more useful for relative importance, but small financial centres can show extremely high ratios, so the percentage is still not a universal investment-attractiveness score.

Scale-adjusted international comparison

FDI net inflows as a share of GDP in selected economies

Long-run trends for China, the United States, Germany, France, India and Brazil; missing years remain missing.

% GDP
Source: World Bank · FDI inflows/GDP ↗ · Negative and missing values are preserved from WDIchinainfigures.com

06

China is also an outward direct investor

Inflows and outflows answer two directional questions

Net inflows describe the net direct-investment flow into the reporting economy; net outflows describe residents’ net direct investment into enterprises abroad. High outflows do not automatically mean capital flight, and low inflows do not automatically prove a worsening investment climate; interpretation also requires corporate restructuring, reinvested earnings, M&A, special-purpose entities and policy context.

Latest complete common year

2024 FDI net inflows and net outflows across selected economies

2024 is the latest year in which all four FDI series are available for all 12 selected economies. Bars crossing the zero line indicate negative net flows.

2024
Unit: billion current US dollars; negative values are preserved from WDI.
EconomyNet inflowsNet outflows
China+42.65+192.20
United States+297.06+322.17
Singapore+135.08+63.61
Hong Kong SAR, China+125.82+80.54
Netherlands-17.06-5.93
United Kingdom-12.96-72.50
Germany+62.64+87.04
France+52.05+41.73
India+27.14+24.25
Brazil+74.09+26.34
Canada+63.05+89.43
Australia+53.72+13.93
Source: World Bank · FDI net inflows ↗ · World Bank · FDI net outflows ↗ · 2024 is the latest complete common year across all four FDI series and 12 selected economieschinainfigures.com

07

What FDI figures cannot answer

Flow rankings are not rankings of investment quality, jobs or technology transfer

FDI net flows alone cannot tell us the scale of new factories, foreign-firm employment, technology transfer, supply-chain “de-risking”, the stock of foreign-owned assets or an economy’s overall investor friendliness. Those questions require additional data on greenfield projects, cross-border M&A, stocks, employment, sector composition and policy.

Net flow

Can be negative

Disinvestment, reverse investment and other offsetting transactions can push the annual net balance below zero.

Financial centres

High flows do not equal high physical investment

Holding companies, special-purpose entities and multinational restructuring can amplify annual FDI flows.

Statistical concept

Do not silently mix measures

WDI balance-of-payments FDI and MOFCOM utilized foreign capital answer related but different questions.

Latest year

2025 is used only where coverage supports it

China and WLD have 2025 values, but cross-economy reporting is materially incomplete, so the ranking stops at 2024.

Downloads and revisions

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The page CSV retains years, units, source IDs, verification status and comparability warnings. Each chart also offers its current data as CSV, PNG or SVG.

Page data

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Includes registered formal points, available historical series and scalar derived metrics. UTF-8 encoded for spreadsheets and analysis tools.

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Data file updated: 8 Aug 2026

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Data through 2025Sources: World Bank

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Public record

Revision and update timeline

2
  1. Initial publicationv1.0.0

    Foreign direct investment indicator prepared

    Prepared a World Bank/WDI FDI indicator with four balance-of-payments series, 1979–2025 China/world inflow share and a broad-coverage 1990–2024 top-15 animated ranking.

    Related sources: World Bank ↗ · World Bank ↗ · World Bank ↗ · World Bank ↗

    Sources and definitions registered; automated checks passed

  2. Product updatev0.3.0

    Data downloads and revision timeline added

    Added page-level formal-data CSV files, chart-level CSV/PNG/SVG exports and a bilingual revision timeline to all indicator pages.

    Sources and definitions registered; automated checks passed