FDI outflows from Sweden
rose last year by more than 50%, to $10.9 billion. About one third of the
increase was due to the acquisition of Sonora (Finland) by Telia, both of them
telecommunications firms. Inflows, however, continued to decline for the third
year in a row, to $11.1 billion. In terms of FDI stock, the country is a net
outward investor. FDI is nonetheless increasingly important to the Swedish
economy, with a 41% ratio of FDI stock to GDP in 2000, up from about 5% a decade
ago. In 2001 there were more than 900 Swedish TNCs; about half of their
affiliates are located in Europe, although the US is also an important location.
Employment in these affiliates almost doubled over the past decade, particularly
in the tertiary sector.
FDI flows to Belgium
and Luxembourg have also tumbled, down by more than half in 2001 alone. The
decline is partly a correction of exceptionally high M&A-related flows in
1999-2000, and in any case the 2001 levels were considerably above the 1995-1998
average. About 80% of Luxembourg´s FDI stock in 2000 was in the tertiary sector,
reflecting the country´s strong position in banking and finance. Investment from
the US - the country´s third largest investment partner - was mainly in
manufacturing. Luxembourg´s 163 TNCs had about 563 affiliates abroad in 1999,
some 60% of them in financial services, but this share has fallen since
National investment profiles are being published online as they become
available, based on each country´s reporting schedules. The profiles, which are
part of UNCTAD´s World Investment Directory, provide quick electronic access to
the latest statistics on foreign direct investment (FDI) and the operations of
transnational corporations (TNCs). They include statistical definitions and
sources, a listing of relevant national laws and regulations, information on
bilateral and multilateral agreements and a bibliography.
For more information, please visit the Division on Investment, Technology and Enterprise Development website (www.unctad.org/dite).
Officer-in-Charge, Mr. Masataka Fujita, Investment Trends Section, T: +41 22 907 6217, F: +41 22 907 0194, E: email@example.com,
Ms. Katja Weigl, T: +41 22 907 5846, E: firstname.lastname@example.org
UNCTAD Press Office, T: +41 22 907 5828, E: email@example.com.