Global FDI up 3% to $1.54 trln in 2019, UAE and Indonesia biggest recipients among Islamic countries
Global foreign direct investment (FDI) flows increased by 3% to $1.54 trillion in 2019, according to the United Nations Conference on Trade and Development (UNCTAD) in its annual world investment report.
“The rise in FDI was mainly the result of higher flows to developed economies, as the impact of the 2017 tax reforms in the United States waned,” said UNCTAD, that warned of a “highly uncertain” outlook for 2020 and beyond due to the COVID-19 pandemic.
USA remained the largest recipient of FDI in 2019, with $297 billion.
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