Brazil rises to 5th place on list of countries to attract most foreign investment in 2010

27 July 2011

Paris, France, 27 July – Brazil rose from 15th to 5th place in the list of countries to receive most foreign direct investment (FDI), according to a report from the United Nations Conference on Trade and Development (UNCTAD), published Tuesday.

On a list that was once again topped by the United States of America, which managed to attract FDI of US$228 billion, which was a year-on-year rise of 49 percent, Brazil’s FDI rose 86.4 percent in 2010 to US$48.4 billion, according to the World Investment 2011 survey.

Brazil’s ten place rise in the FDI ranking in 2010 was driven by investment of over US$15 billion in December, of which US$7.1 billion were related to the sale of 40 percent of the Brazilian unit of Spanish group Repsol to Chinese oil group Sinopec.

China and Hong Kong were, respectively, ranked second and third in the list with FDI of US$106 billion and US$69 billion and Belgium came fourth, with US$62 billion.

FDI represents investments focused on production, such as factories and international business operations, mergers and acquisitions, acquisition of shareholdings, loans to subsidiaries and reinvestment of profits.

The UN agency expects FDI to increase further in 2011, totalling US$1.4 trillion and US$1.6 trillion. (macauhub)