Net foreign direct investment into the Philippines fell by 13.9 percent year-on-year to USD 0.59 billion in March 2019 from USD 0.68 billion in the same month of the previous year. Net equity capital investments decreased to USD 0.11 billion from USD 0.32 billion a year ago, due to a decline in equity capital placements that came mostly from Japan, the United States, Singapore, and the Netherlands and were channeled primarily to manufacturing, real estate, accommodation and food service, wholesale and retail trade, and arts, entertainments and recreation industries. Meanwhile, reinvestment of earnings grew to USD 0.08 billion from USD 0.07 billion in the same month a year ago. Foreign Direct Investment in Philippines averaged 363.44 USD Million from 2005 until 2019, reaching an all time high of 2256 USD Million in April of 2016 and a record low of -396 USD Million in June of 2007.
Foreign Direct Investment in Philippines is expected to be 790.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Direct Investment in Philippines to stand at 800.00 in 12 months time. In the long-term, the Philippines Foreign Direct Investment is projected to trend around 1200.00 USD Million in 2020, according to our econometric models.