Net foreign direct investments in the Philippines slipped 45.9 percent year-on-year to USD 0.53 billion in November 2018, the second lowest level since July 2017, from USD 0.98 billion in the same month of the previous year. The decline was due largely to the drop in net investments in debt instruments which amounted to USD 0.33 billion from USD 0.72 billion in the same of the previous year. Also, net investments of equity capital fell to USD 0.14 billion from USD 0.20 billion a year ago. Equity capital infusions came mostly from Taiwan, the US, Thailand, Luxembourg and the Netherlands and were channeled mainly to financial & insurance, electricity, gas, steam & air-conditioning supply, manufacturing and real estate activities. Reinvestment of earnings increased by 9.5 percent to USD 61 million in November. In January to November, FDI net inflows declined 3.2 percent to USD 9.1 billion from USD 9.4 billion in the same period last year. Foreign Direct Investment in Philippines averaged 356.32 USD Million from 2005 until 2018, 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 750.00 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 950.00 in 12 months time. In the long-term, the Philippines Foreign Direct Investment is projected to trend around 1050.00 USD Million in 2020, according to our econometric models.