At €74 billion, the expansion of foreign direct investment (FDI) assets slowed down in 2024, compared to the previous year (€96 billion).
Europe was able to maintain its role as the most popular target region, with claims rising by €40 billion. The Netherlands, Luxembourg and Switzerland accounted for a large part of the investment.
Looking at other individual countries, the United States is the leader in the interest of domestic investors. Overall, the United States is ranked 1 st. This makes America the most popular target region for German FDI outside Europe, following a decline in claims in the previous reporting year (-24 billion).
Interest vis-à-vis Asia is still rising but less expansionary than in the previous reporting year.
Domestic direct investment liabilities
Foreign direct investment flows to Germany amounted to €43 billion in 2024. Inflows were thus significantly lower than in the previous year (€72 billion).
Europe provided €28 billion, which was significantly lower than in the previous year (€63 billion). Large outflows of funds were observed vis-à-vis the United Kingdom in particular (-€16 billion). By contrast, the euro area showed a significant increase in the provision of funds. Luxembourg, in particular, played a prominent role here, with inflows of €17 billion, making it by far the largest investor. This was followed by the Netherlands and Ireland.
Inflows from the America amounted to €11 billion, primarily driven by inflows from the United States.
At €3 billion, inflows from Asia were significantly lower than in the previous year (€9 billion).
Latest press release
Germany’s foreign direct investment stocks at the end of 2023
Foreign direct investment stock statistics in 2023
At year-end 2023, Germany’s primary outward foreign direct investment (FDI) stocks were up only marginally on the end of 2022 in net terms, rising from €1,694 billion to €1,701 billion. In particular, the appreciation of the euro – coupled with corresponding negative exchange rate effects – played a part in dampening the small increase in stocks. As in the previous years, equity capital accounted for the bulk of Germany’s primary outward FDI, at €1,851 billion. German investors’ foreign credit positions reduced the direct investment stocks by €150 billion on balance, as claims of €433 billion were outweighed by liabilities of €583 billion.