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World Investment Report 2023

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After a strong rebound in 2021, global FDI fell by 12% in 2022 to $1.3 trillion, due mainly to overlapping global crises – the war in Ukraine, high food and energy prices, and soaring public debt. 

The decline was felt mostly in developed economies, where FDI fell by 37% to $378 billion. But flows to developing countries grew by 4% – albeit unevenly, with a few large emerging countries attracting most of the investment while flows to the least developed countries declined. 

Explore the data in the interactive FDI chart below. 

On a positive note, greenfield investment project announcements were up 15% in 2022, growing in most regions and sectors.  

Industries struggling with supply chain challenges, including electronics, semiconductors, automotive and machinery, saw a surge in projects, while investment in digital economy sectors slowed. 

International investment in renewable energy generation, including solar and wind, also continued to grow – but at a slower 8% than the 50% growth recorded in 2021. Notably, projects announced in battery manufacturing tripled to more than $100 billion in 2022. 

The report also notes that major oil companies are gradually selling fossil fuel assets – at a rate of about $15 billion per year – mostly to unlisted private equity firms and smaller operators with lower disclosure requirements.  

This calls for new dealmaking models to ensure responsible asset management. 

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