A new report published by the United Nations Conference on Trade and Development (UNCTAD) charts the enormous growth of foreign direct investment (FDI) into Brazil, Russia, India, China and South Africa (BRICS) during the past decade. It also quantifies and analyzes FDI of BRICS into other countries.
According to the press release published on the UN News Centre on March 25, 2013, “The latest Global Investment Trends Monitor (GITM) shows that over the past decade, FDI going into BRICS has more than tripled, totaling $263 billion in 2012. This figure represents 20% of world FDI flows, and is a significant increase considering it was only six per cent in 2000. Meanwhile, investment from BRICS into other countries has climbed from $7 billion in 2000 to $126 billion in 2012, rising from one per cent of world flows to nine per cent, with China and Russia accounting for the majority of these investments.”
In 2012, BRICS FDI into Africa represented 25% of total inflows into Africa. Manufacturing and services attracted the most investments.
The report was released one day before the 5th BRICS Summit, which opened on March 26, 2013 in Durban, South Africa. The theme of this year’s summit is
“BRICS and Africa: Partnership for development, integration, and industrialization.”
You may read the press release on the UN News Centre internet site.