QUICK LOOK: PH reports flat long term investment net inflows of $8.9 B for 2024

Foreign direct investment (FDI) net inflows into the Philippines reached $8.93 billion in 2024, maintaining near-steady levels from the previous year’s $8.925 billion, according to Bangko Sentral ng Pilipinas.

Key Highlights:

  • 2024 FDI net inflows totaled $8.9 billion, remaining broadly stable from 2023.
  • December 2024 inflows fell 85.2 percent year-on-year to $110 million.
  • Debt instruments saw net outflows of $19 million, reversing from $618 million net inflows in December 2023.
  • Equity capital investments surged 58 percent in December, with major contributions from Singapore, Japan, the U.S., and South Korea.
  • Top investment sectors: Information & communication, manufacturing, finance, construction, and real estate.

December inflows, however, dropped sharply to $110 million, down 85.2 percent year-on-year.

The decline was driven by increased debt repayments by local firms to foreign investors, leading to net outflows in debt instruments.

Meanwhile, equity capital investments rose 58 percent in December, with inflows mainly from Singapore, Japan, the U.S., and South Korea.

Key recipient sectors included information and communication, manufacturing, finance, construction, and real estate.

— Edited by Daxim L. Lucas

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