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.

September 10, 2024
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