Net foreign direct investments in the Philippines plunged 85.1 percent year-on-year to USD 0.2 billion in May 2019, the lowest level since March 2015, from USD 1.63 billion in the same month of the previous year. Net investments in debt instruments fell to USD 149 million from USD 1.3 billion a year earlier due to higher prepayments and repayments of debt owed by resident enterprises to their foreign affiliates. Meantime, net investments of equity capital dropped to USD 1 million from USD 241 million. Capital infusions came mostly from the United States, Japan, Singapore, China, and Hong Kong and were channeled mainly to real estate, manufacturing, financial and insurance, construction and human health and social work industries. Meanwhile, reinvestment of earnings increased by 15.9 percent to USD 92 million in May. In the first five months of 2019, FDI net inflows decreased 37.1 percent to USD 3.1 billion from USD 5 billion in the same period last year. Foreign Direct Investment in Philippines averaged 366.25 USD Million from 2005 until 2019, 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 900.00 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 840.00 in 12 months time. In the long-term, the Philippines Foreign Direct Investment is projected to trend around 1200.00 USD Million in 2020, according to our econometric models.