Net foreign direct investments in the Philippines declined 29 percent year-on-year to USD 0.57 billion in September of 2018 from USD 0.81 billion in the same month of the previous year. It is the lowest level of net investment inflows since July of 2017. Equity capital withdrawals of USD 0.19 billion exceeded equity capital placements amounting to USD 0.07 billion. Meanwhile, debt instruments expanded by 24.3 percent to USD 0.61 billion from USD 0.49 billion in the same month last year. Reinvestment of earnings amounted to USD 0.1 billion during the month. Equity capital infusions came mostly from the United States, Japan, Macau, Hong Kong and China and were channeled primarily to real estate, manufacturing and electricity, gas, steam and air-conditioning supply activities. For the first three quarters of the year, FDI net inflows grew by 24.2 percent to USD 8 billion from USD 6.5 billion last year due to increases registered in all FDI components. Foreign Direct Investment in Philippines averaged 354.53 USD Million from 2005 until 2018, reaching an all time high of 2256 USD Million in April of 2016 and a record low of -396 USD Million in June of 2007.
Foreign Direct Investment in Philippines is expected to be 890.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Direct Investment in Philippines to stand at 900.00 in 12 months time. In the long-term, the Philippines Foreign Direct Investment is projected to trend around 1050.00 USD Million in 2020, according to our econometric models.