Foreign Direct Investment 2023

Product Description

Investment of UK companies abroad (outward) and foreign companies into the UK (inward), including investment flows, positions and earnings, by country, component and industry.

Main points

• The UK's net foreign direct investment (FDI) earnings (outward less inward) decreased by £38.8 billion, to £43.1 billion in 2023 compared with £81.9 billion in 2022.
• Outward FDI earnings (profits on investment abroad) decreased by £29.8 billion in 2023 compared with 2022; a notable contributor to the decrease was the mining and quarrying grouped industries, in which outward earnings were £37.5 billion lower, partly reflecting lower oil prices.
• The UK's net international investment position, the stock of investment, (outward less inward) was negative £225.5 billion in 2023, compared with negative £163.2 billion in 2022.
• The UK's inward FDI position increased by £11.1 billion to £2,079.1 billion in 2023, while the outward position decreased by £51.2 billion to £1,853.6 billion.
• In 2023, the UK's inward FDI position in the information and communications industries saw a large increase ( £53.0 billion) compared with 2022, while manufacturing saw a large decrease (£32.3 billion).