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2024 Q2 FDI in the Philippines declines 29% YoY to $394M but maintains 7.9% growth from 2023.
Foreign direct investments (FDI) in the Philippines reached $4.435 billion by June 2023, a 7.9% increase from the previous year, driven by equity capital and reinvested earnings.
However, in June 2024, FDI declined by 29% year-on-year to $394 million due to reduced inflows across all major components.
Despite this monthly drop, total FDI for the first half of 2024 remained at $4.4 billion, reflecting the same 7.9% growth compared to early 2023.
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2024 Q2 La IED en Filipinas disminuye el 29% a 394 millones de dólares, pero mantiene un crecimiento del 7,9% a partir de 2023.