Net foreign direct investments in the Philippines declined 38.2 percent year-on-year to USD 0.61 billion in January 2019 from USD 0.99 billion in the same month of the previous year. Net investments of equity capital fell to USD 0.18 billion from USD 0.53 billion a year ago. Equity capital infusions came mostly from Mauritius, South Korea, the United States, Singapore, and the Netherlands and were channeled largely to financial & insurance, administrative & support services, real estate, electricity, gas, steam and air-conditioning supply, and information and communication. Also, equity capital withdrawals, mainly from Japan, increased to USD 0.23 billion in January 2019 from USD 0.06 billion a year ago. Meanwhile, net investments in debt instruments rose to USD 0.58 billion from USD 0.44 billion a year ago. Likewise, reinvestment of earnings rose slightly to USD 0.08 billion from USD 0.07 billion in the same month in 2018. Foreign Direct Investment in Philippines averaged 359.80 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.