JETRO Invest Japan Report 2025
Chapter1. Global Trends in Inward FDI Section 3. Global Greenfield Investment

The United States significantly increases, while India maintains its position as the world's second largest

According to UNCTAD, global greenfield investment (by destination) amounted to 1,337.9 billion US dollars in 2024, down 5.3% from the previous year (Chart1-5). Investment in developed economies increased by 11.3% year-on-year. While investment in Europe and the EU declined overall, the United States showed an overwhelming presence as the world's largest recipient of investment, recording a substantial increase of 77.3% (Chart1-6). In contrast, investment in developing economies declined notably, particularly in East and Southeast Asia and Africa, resulting in an overall decline of 18.5%. Meanwhile, India attracted 109.5 billion US dollars in investment, up 28.0% year-on-year, and maintaining its position as the world's second-largest recipient for the second consecutive year. Japan recorded a 15.4% year-on-year increase, reaching 31.614 billion US dollars—the highest amount in over two decades—and rose in ranking from 17th to 13th place.

Chart 1-5: Trends in Global Greenfield Investment（announced basis）（Million US dollars, %）Note: Regional classification is as defined by UNCTAD.
Country/Region 2022 2023 2024 2024
Growth rate
(YoY)
World 1,302,481 1,412,978 1,337,922 -5.3
Developed economies 688,428 627,253 697,821 11.3
Hierarchy level 2 itemsEurope 388,564 357,872 324,146 -9.4
Hierarchy level 3 itemsEuropean Union 269,107 263,150 219,417 -16.6
Hierarchy level 4 itemsGermany 47,905 56,494 31,450 -44.3
Hierarchy level 4 itemsFrance 22,972 31,080 25,937 -16.6
Hierarchy level 3 itemsUnited Kingdom 100,477 64,225 90,641 41.1
Hierarchy level 3 itemsRussia 302 1,203 1,414 17.5
Hierarchy level 2 itemsNorth America 201,073 175,327 279,314 59.3
Hierarchy level 3 itemsUnited States 176,879 138,476 245,457 77.3
Hierarchy level 2 itemsJapan 10,043 27,384 31,614 15.4
Hierarchy level 2 itemsAustralia 71,870 47,482 48,863 2.9
Developing economies 614,053 785,725 640,101 -18.5
Hierarchy level 2 itemsAsia 302,270 469,694 362,822 -22.8
Hierarchy level 3 itemsEast Asia 28,719 49,204 48,479 -1.5
Hierarchy level 4 itemsChina 22,395 40,447 40,248 -0.5
Hierarchy level 4 itemsHong Kong 3,169 4,243 4,082 -3.8
Hierarchy level 3 itemsSoutheast Asia 114,103 175,676 113,799 -35.2
Hierarchy level 4 itemsSingapore 18,786 11,340 22,785 100.9
Hierarchy level 4 itemsIndonesia 24,808 60,585 20,679 -65.9
Hierarchy level 3 itemsSouth Asia 64,485 110,813 117,252 5.8
Hierarchy level 4 itemsIndia 61,963 85,552 109,522 28.0
Hierarchy level 2 itemsLatin America 113,318 136,540 163,153 19.5
Hierarchy level 3 itemsBrazil 23,726 37,138 49,515 33.3
Hierarchy level 2 itemsAfrica 197,052 178,349 112,831 -36.7
Hierarchy level 3 itemsEgypt 107,753 41,934 54,545 30.1
  1. Note:

    Regional classification is as defined by UNCTAD.

  2. Source:

    Based on the "World Investment Report 2025" of UNCTAD

Chart 1-6: Top 10 Countries/Regions Receiving Greenfield Investment（Million US dollars, %）
No. Country/Region 2024 2024
Growth rate
(YoY)
1 United States 245,457 77.3
2 India 109,522 28.0
3 United Kingdom 90,641 41.1
4 Egypt 54,545 30.1
5 Brazil 49,515 33.3
6 Australia 48,863 2.9
7 Mexico 44,257 32.9
8 China 40,248 -0.5
9 Spain 38,649 5.9
10 Italy 38,601 36.2
13 Japan 31,614 15.4
  1. Source:

    Based on UNCTAD data

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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