JETRO Invest Japan Report 2025
Chapter1. Global Trends in Inward FDI Section 2. Trends in Global Inward FDI (Stock)

The growth in FDI stocks in developed economies surpassed in developing ones, while FDI stocks in Europe, Japan and South Korea decreased

According to UNCTAD, the global inward FDI stocks (based on the directional principle) in 2024 reached approximately 51 trillion US dollars, up 5.8% from the previous year (Chart1-3). Growth in developed economies was notable with a 7.1% increase, while developing economies saw a 3.2% increase. The U.S. in particular recorded a significant increase of 21.7%, driving overall global growth. In contrast, Russia experienced a sharp decline of 22.7% year-on-year, resulting in a starkly different outcome from the U.S. Japan, along with the EU and South Korea, was among the developed economies whose growth slowed, with a slight decrease of 1.7%, globaly ranked in 35th (Chart1-4).

Chart 1-3: Trends in Global Inward FDI（Stock）（Million US dollars, %） Note: The figure in the table is calculated by UNCTAD using the directional principle. The data do not correspond to those in Chart 2-2 (the asset and liability principle). Regional classification is as defined by UNCTAD.
Country/Region 2022 2023 2024 2024
Growth rate
(YoY)
World 43,733,573 48,097,605 50,907,355 5.8
Developed economies 29,335,440 32,772,342 35,094,469 7.1
Hierarchy level 2 itemsEurope 15,699,495 16,532,663 16,047,186 -2.9
Hierarchy level 3 itemsEuropean Union 11,273,732 11,856,690 11,460,635 -3.3
Hierarchy level 4 itemsLuxembourg 1,056,786 1,096,851 1,143,108 4.2
Hierarchy level 4 itemsGermany 1,081,645 1,203,769 1,209,485 0.5
Hierarchy level 4 itemsFrance 949,777 1,015,478 1,049,213 3.3
Hierarchy level 3 itemsUnited Kingdom 2,718,892 3,005,071 3,254,442 8.3
Hierarchy level 3 itemsRussia 359,982 279,303 216,039 -22.7
Hierarchy level 2 itemsNorth America 12,019,206 14,554,696 17,385,846 19.5
Hierarchy level 3 itemsUnited States 10,461,198 12,786,674 15,567,058 21.7
Hierarchy level 3 itemsCanada 1,558,008 1,768,022 1,818,788 2.9
Hierarchy level 2 itemsJapan 227,079 223,499 219,802 -1.7
Hierarchy level 2 itemsSouth Korea 277,035 308,086 286,988 -6.8
Developing Economies 14,398,133 15,325,263 15,812,885 3.2
Hierarchy level 2 itemsEast Asia 5,704,200 5,874,262 6,234,106 6.1
Hierarchy level 3 itemsChina 3,496,380 3,534,030 3,650,268 3.3
Hierarchy level 3 itemsHong Kong 2,008,153 2,124,395 2,350,740 10.7
Hierarchy level 2 itemsSoutheast Asia 3,134,897 3,418,792 3,587,119 4.9
Hierarchy level 3 itemsSingapore 1,939,605 2,156,155 2,230,874 3.5
  1. Note:

    The figure in the table is calculated by UNCTAD using the directional principle. The data do not correspond to those in Chart 2-2 (the asset and liability principle). Regional classification is as defined by UNCTAD.

  2. Source:

    Based on the "World Investment Report 2025" of UNCTAD

Chart 1-4: Top 10 Countries/Regions Receiving Inward FDI（Stock） （Million US dollars, %） Note: The figure in the table is calculated by UNCTAD using the directional principle. The data do not correspond to those in Chart 2-2 (the asset and liability principle).
No. Country/Region 2024 2024
Growth rate
(YoY)
1 United States 15,567,058 21.7
2 China 3,650,268 3.3
3 United Kingdom 3,254,442 8.3
4 Netherlands 2,699,359 -2.8
5 Hong Kong 2,350,740 10.7
6 Singapore 2,230,874 3.5
7 Canada 1,818,788 2.9
8 Germany 1,209,485 0.5
9 Ireland 1,170,383 -18.5
10 Luxembourg 1,143,108 4.2
35 Japan 219,802 -1.7
  1. Note:

    The figure in the table is calculated by UNCTAD using the directional principle. The data do not correspond to those in Chart 2-2 (the asset and liability principle).

  2. Source:

    Based on the "World Investment Report 2025" of UNCTAD

JETRO Invest Japan Report 2025

Key Points of the 2025 Report

Chapter1. Global Trends in Inward FDI

  1. Section1

    Trends in Global Inward FDI (Flow)

  2. Section2

    Trends in Global Inward FDI (Stock)

  3. Section3

    Global Greenfield Investment

  4. Section4

    Global Cross-Border M&A Transactions

Chapter2. Trends in Inward FDI to Japan

  1. Section1

    Trends in Inward FDI to Japan

  2. Section2

    Inward FDI to Japan by Country and Region

  3. Section3

    Inward FDI to Japan by Industry

  4. Section4

    Greenfield Investment in Japan

  5. Section5

    Cross-Border M&A in Japan

Chapter3. Initiatives to Expand FDI into Japan Entering a New Phase

  1. Section1

    Relevant Policies of the Japanese Government

  2. Section2

    [Interview] Spillover Effects of Inward Foreign Direct Investment Promoted by "Collaboration Facilitation Support"

  3. Section3

    [Discussion] The Role of Overseas Capital and Key Support Organizations in Building a World-Class Startup Ecosystem

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