10 countries that sent the most foreign direct investment abroad in 2024

Foreign direct investment (FDI) remains one of the strongest indicators of where businesses and investors see opportunities beyond their home markets. By investing abroad, companies do more than move capital; they create economic links, support employment, expand operations, and influence the future of global trade.

According to the latest World Investment Report from the United Nations Conference on Trade and Development (UNCTAD), global FDI outflows exceeded $1.7 trillion in 2024, with developed economies contributing around $1.1 trillion. More than half of all global FDI outflows originated from just six sources: the United States, Japan, China, Luxembourg, Hong Kong, and Canada, which together invested roughly $915 billion abroad.

The rankings highlight how global investment flows remain concentrated among a small group of economies. They also underscore the continued dominance of developed markets, while Asian economies such as China, Hong Kong, Singapore, and Japan continue to expand their influence over international capital flows and global business activity.

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Here is a look at the 10 largest sources of FDI outflows in 2024.

1. United States – $266.4 Billion

The United States remained the world’s largest source of foreign direct investment in 2024, with outflows reaching $266.4 billion.

American companies continued to expand operations overseas, investing across sectors ranging from technology and manufacturing to energy and finance. The figure reflects the scale of U.S. corporations and their ability to deploy capital across international markets.

2. Japan – $204.4 Billion

Japan ranked second, recording $204.4 billion in FDI outflows.

Japanese firms have long maintained a strong presence in overseas markets. Investments from the country continue to support manufacturing networks, supply chains, and business partnerships across Asia, Europe, and North America.

3. China – $162.8 Billion

China placed third with $162.8 billion in foreign investments.

Despite economic challenges at home and changing global trade dynamics, Chinese companies continued to invest abroad. These investments span infrastructure, manufacturing, technology, and natural resources, reflecting China’s ongoing role in international business activity.

4. Luxembourg – $108.6 Billion

Luxembourg recorded $108.6 billion in FDI outflows, placing fourth globally.

Although its population is small, Luxembourg serves as a major international financial centre. The country’s position reflects its role in facilitating investment flows between multinational corporations and global markets.

5. Hong Kong – $87.2 Billion

Hong Kong generated $87.2 billion in foreign direct investment outflows during 2024.

As one of Asia’s key financial hubs, Hong Kong continues to act as a gateway between Chinese businesses and international markets. Its investment activity remains an important part of regional and global capital flows.

6. Canada – $86 Billion

Canada contributed $86 billion in overseas investments.

Canadian firms maintained investment activity across sectors including finance, energy, mining, and infrastructure. The country’s position among the top six sources highlights its influence in international investment despite its relatively smaller population.

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7. British Virgin Islands – $59.5 Billion

The British Virgin Islands ranked seventh with $59.5 billion in FDI outflows.

The territory’s role as an international financial jurisdiction allows it to channel significant volumes of investment. Its ranking demonstrates how financial centres can play a major role in global capital movements.

8. Singapore – $55.3 Billion

Singapore recorded $55.3 billion in foreign direct investment outflows.

The city-state continues to serve as a strategic business and financial hub in Asia. Companies based in Singapore invest heavily across the region, supporting trade, logistics, technology, and industrial development.

9. Netherlands – $54.7 Billion

The Netherlands posted $54.7 billion in FDI outflows.

The country remains a key destination and source for international investment due to its strong trade links, business infrastructure, and position within Europe’s economic network.

10. Spain – $49.2 Billion

Spain completed the top 10 with $49.2 billion in overseas investments.

Spanish companies continued to pursue opportunities abroad, particularly in sectors such as infrastructure, telecommunications, banking, and renewable energy.