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This was followed by Germany investing in 16 882 projects and the United Kingdom
investing in 16 245 projects.

The top five largest FDI source markets by projects, were also the largest source markets
by capex.

Other large source markets for FDI in terms of the number of projects and capital value
of investment across the world were China, South Korea and the UAE.

FDI flows are mainly emanating from cities such as London, Tokyo, Paris, New York and
Seoul.

Table 3 Top 10 Global Source Markets for FDI, 2003 – 2015

Capex
Rank Source Country Projects
(R billion)
1 United States 40 599 22 377
2 Germany 16 882 9 087

3 United Kingdom 16 245 8 565
4 Japan 12 626 9 406

5 France 10 938 6 907
6 Spain 6 288 3 998
7 Switzerland 5 692 2 809

8 Italy 5 237 3 088
9 Netherlands 4 921 3 586

10 Canada 4 657 4 228
TOTAL 182 509 123 227

Source: FDI Intelligence, 2016

DESTINATION MARKETS

China was the top destination market for FDI, from 2003 to 2015, in terms of the number
of projects and capex, with investments in 17 054 projects and capital invested worth
R15 trillion.

The United States is the second largest destination market for FDI projects and capex,
with investments in 16 247 projects worth R8.4 trillion.

Of the top 20 markets, Vietnam and Brazil had the highest capex per project and
Vietnam also had the highest number of jobs created per project.

56 QUARTERLY ECONOMIC BULLETIN 2016