India, China and Singapore attracted 57% of the projects in Asia-Pacific in the year 2011. Investment in India shows a significant double digit growth of 21% in FDI projects in 2011, the second highest being South Korea with 10% and Singapore with 7%. One of the fastest growing economy, China shares a fourth spot with Hong Kong at 6%. India's growth shows a remarkable rally following just 1% growth in 2010.
However in the Asia-Pacific region Japan and Thailand witnessed a sharp decline in FDI, the reason can be easily assumed as the impact of natural disasters that took place in both the countries. For the year 2011, Thailand and Japan shows a massive decline of -35% and -25% respectively. The top-performing country for attracting new jobs was China, which saw just over 340,000 jobs created as a result of inward FDI.
FDI out of Asia-Pacific
Analysing FDI overseas, Japan, India and China accounted for more than 60% of FDI projects from Asia-Pacific countries in 2011. Japan remained the dominant outward investor, establishing more FDI projects overseas than India and China combined. Japan’s position is even more important when the size of projects is considered, with Japanese companies creating nearly 300,000 jobs overseas; 40% of total overseas job creation generated by Asia-Pacific countries.
Of the major investing countries, Hong Kong and Australia recorded the fastest growth in outward FDI projects, with percentage growth rates of 23% and 21%, respectively. In Thailand, flooding over the monsoon season seems to have encouraged domestic companies to invest overseas. In terms of capital investment overseas, Indian, Hong Kong and Vietnamese companies each increased their outward FDI by more than 70% in 2011.
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