Philippines Dissecting Data: Foreign direct investments fall by a quarter

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The Philippines has always been a laggard in ASEAN when it comes to FDI or foreign direct investments. FDI inflows were on the rise, peaking at a record high of over $10 billion in 2017, raising hopes for the country finally becoming a preferred destination for offshore investors. But after 2017, it has been all downhill.

FDI inflows climbed to over $10 billion in 2017, before sliding the next year. In 2020, FDI inflows cratered, contracting nearly 25 percent year-on-year to $6.54 billion. 

“The disruptive impact of the pandemic on global supply chains and the weak business outlook adversely affected investor decisions in 2020,” the Bangko Sentral ng Pilipinas said. 

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