Impact of COVID-19 on FDI

Globally, foreign direct investment (FDI) flows fell by 35% in 2020 – dropping to $1 trillion from $1.5 trillion in 2019. FDI to developed economies fell by 58%, while developing countries saw an 8% decrease. While sectors such as manufacturing and natural resources saw the greatest declines, investments in information and communication technologies grew substantially in 2020.

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Canada’s COVID experience

All G7 countries saw FDI drops in 2020, with the United Kingdom (–56.6%) and Italy (–102.1%) experiencing the most significant decreases. Canada ranked third in the G7 for 2020 FDI flows behind the United States and Germany. FDI to Canada dropped to $32.3 billion in 2020, a 49.1% decrease over 2019. Over the past 10 years, FDI into Canada has grown an average of 8.1% per year, indicating continued confidence by global companies in Canada as the destination of choice for investors.

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Increased investments from new countries Toggle Source Source: fDiMarkets, Pitchbook;
Retrieved June 21, 2021

Increase in the number of announced investments in 2020 from countries that do not typically appear in the list of top investor countries to Canada.

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    Graphic that shows the increase in the number of announced investments from countries that do not typically rank in the top investor countries to Canada. Source: fDiMarkets and Pitchbook

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