Deutsche Bundesbank

Direct investment statistics

17-05-2022

115

II. Foreign direct investment stock statistics (Extended Directional Principle)

2. Foreign direct investment in the reporting countryc) Primary and secondary direct investment broken down by economic activity of the investment enterprises

and country of investorEnd of year; in € million

of which

Manufacturing

of which

All economicactivities Total

Manufacture of coke and re-fined petroleumproducts

Manufacture ofchemicals andchemicalproducts

Manufacture ofbasic pharma-ceutical products and pharmaceuticalpreparations

Manufacture ofother non-metallic mineralproducts

Manufacture ofinstruments andappliances formeasuring,testing and navi-gation; watchesand clocks, elec-tromedical andelectrotherapeu-tic equipment

Manufacture ofmachinery and equipment n.e.c.

Electricity, gas,steam and airconditioningsupply

Wholesale andretail trade; repair of motorvehicles andmotorcycles

Year 1 2 3 4 5 6 7 8 9 10

All countries2017 536,632 137,573 10,600 12,034 18,265 6,668 9,263 16,854 20,939 63,3772018 546,053 143,026 8,904 20,185 18,532 6,248 9,310 16,568 19,815 63,0412019 560,946 140,570 7,074 22,248 17,787 6,457 9,096 17,147 25,554 62,8552020 593,881 138,882 5,028 21,636 19,269 7,001 8,252 16,915 37,657 59,678

    Europe2017 437,726 118,913 10,384 9,706 16,237 6,553 7,134 12,146 20,949 43,3752018 435,815 121,528 8,856 17,727 15,832 6,006 6,098 12,262 19,817 42,3982019 454,277 119,347 7,033 19,303 15,107 5,998 5,696 12,825 25,519 42,2882020 475,325 118,874 4,872 18,853 16,401 6,606 4,807 12,911 37,676 39,060

        EU countries 1

2017 384,745 101,977 10,349 9,188 14,268 6,185 4,983 8,991 18,249 34,2412018 381,672 103,999 . . 13,241 5,632 4,330 8,137 17,243 32,9402019 392,269 102,625 . 19,512 12,607 5,680 3,737 8,588 23,025 31,3812020 379,078 96,889 5,393 17,276 11,397 6,206 3,573 8,502 35,005 23,924

        of which: Austria2017 25,918 6,536 . 363 . 462 81 907 874 1,5932018 26,648 6,109 . 380 . 431 87 799 812 1,5272019 27,216 6,933 . . . . 100 820 696 1,2602020 32,572 7,821 . . 110 550 108 903 609 929

                        Belgium2017 10,228 2,701 61 – 71 . 171 173 707 3,847 1,3022018 11,004 3,067 – 23 364 120 . 186 728 4,048 1,1082019 12,661 4,234 – 13 393 161 1,185 284 788 4,691 9732020 12,018 4,262 32 311 133 . 288 794 6,056 606

                        Denmark2017 9,242 2,039 – 2 . 573 100 54 95 3,430 1,4012018 7,812 1,160 . . . . . 106 3,057 1,4702019 8,332 1,544 . . 0 308 . 55 . 1,4752020 8,370 1,438 . . – 1 387 73 56 3,418 1,703

                        Finland2017 736 557 0 62 – 6 . . – 80 . 2912018 591 135 0 60 – 5 . 14 . . 3012019 991 . 0 57 – 3 . . – 81 . 2482020 1,247 . 0 50 0 . . – 81 . 225

                        France2017 34,787 15,478 . 1,336 6,616 370 1,323 661 1,409 1,9352018 27,039 6,163 . 891 . . . 519 1,380 1,7162019 26,572 4,796 . . – 2,884 515 1,492 584 1,604 2,1862020 28,608 6,487 . . – 2,353 615 1,086 487 1,609 2,122

                        Italy2017 34,196 3,869 . 180 . 1,670 37 247 . 1,0192018 34,579 4,145 . . . 1,682 58 359 . 1,6342019 31,260 3,522 . . . 1,509 98 249 . 1,7362020 29,106 3,624 . . . 1,584 86 253 . 1,720

                        Luxembourg2017 95,958 21,657 . 2,399 2,090 2,006 3,609 3,996 2,877 6,4182018 91,756 19,745 . 2,281 . . 1,800 2,631 . 5,0922019 101,739 19,657 – . 3,286 753 1,180 2,950 . 3,3092020 117,860 . – . 3,846 974 1,459 3,291 2,903 3,500

1 Until 2019 including, from 2020 excluding United Kingdom.

Deutsche Bundesbank

Direct investment statistics

17-05-2022

116

II. Foreign direct investment stock statistics (Extended Directional Principle)

2. Foreign direct investment in the reporting countryc) Primary and secondary direct investment broken down by economic activity of the investment enterprises

and country of investor (cont'd)End of year; in € million

Information und Communication Financial and insurance activities

of which: of which:

TotalTelecommuni-cations Total

Monetaryintermediation

Holding com-panies withoutmanagementfunction

Trusts, funds and similar financial entities;other financialservice activities

Insurance and reinsurance,Pension funding

Real estateactivities

Managementconsultancyactivities (holding com- panies with managementfunction)

Administrativeand supportservice activities

Year 11 12 13 14 15 16 17 18 19 20

All countries

2017 45,357 40,218 174,576 63,052 74,489 26,358 2,913 28,678 30,064 3,8962018 37,815 33,885 182,274 70,246 77,373 21,252 3,603 29,866 27,873 5,8062019 36,272 31,463 181,245 77,705 65,412 26,941 1,870 32,440 35,922 7,9602020 38,184 33,738 206,977 89,282 70,088 29,852 2,228 33,412 33,867 6,907

    Europe

2017 45,239 39,762 132,057 50,951 50,196 23,883 186 27,198 17,614 4,3692018 36,558 33,530 134,903 55,814 . . 1,180 28,316 16,049 5,2152019 35,350 30,925 139,566 60,291 . 24,824 – 990 30,757 19,809 7,3102020 37,327 33,273 154,716 60,234 53,464 27,096 – 585 31,701 15,552 6,363

        EU countries

2017 44,916 39,671 117,958 44,955 44,513 23,490 – 858 23,874 14,487 3,4932018 36,388 33,624 119,101 49,612 42,491 18,500 933 25,418 12,886 4,7782019 35,149 31,024 118,842 49,849 40,407 24,586 – 2,290 26,209 16,779 6,7062020 30,011 27,157 120,365 45,029 45,818 20,540 – 2,000 26,069 10,956 5,518

        of which: Austria

2017 246 . 7,058 896 6,456 359 . 2,778 3,295 6992018 281 . 9,002 1,118 6,808 . . 2,381 3,565 4092019 188 . 7,972 984 . 599 . 2,362 4,788 6152020 196 . 12,427 2,565 . 667 . 2,479 4,812 556

                        Belgium

2017 177 . – 401 395 247 26 . 1,934 95 1572018 123 . – 488 . 88 . . 2,158 150 2332019 150 . . 352 312 – 4 . 1,917 . 6512020 140 . . 676 309 . . 329 . 198

                        Denmark

2017 62 . 877 142 541 76 . 81 7 – 152018 48 . 674 140 411 . . . 58 812019 45 . 423 138 275 16 . . 48 – 662020 29 . 521 . 420 9 . . 37 – 192

                        Finland

2017 . . 46 – 23 . . 77 – 3 1042018 . – 418 . 28 230 – 33 – 20 .2019 . – 235 . – 103 221 . 53 – 45 .2020 . – 221 – . 215 . 33 – 1 .

                        France

2017 139 9 11,275 8,282 3,218 1,599 – 1,926 2,431 494 662018 177 15 11,841 8,728 2,014 . – 811 2,823 430 3212019 276 41 11,385 8,338 . . – 1,362 2,488 427 1592020 760 34 11,847 8,619 . . – 1,149 2,397 333 – 97

                        Italy

2017 587 32 24,834 17,863 – 44 542 6,165 546 30 – 12018 668 15 24,105 17,067 46 628 6,027 522 . 02019 684 19 20,745 17,665 – 34 . 2,263 . . 182020 646 18 18,271 14,912 – 18 951 2,266 359 . 48

                        Luxembourg

2017 28,865 27,438 14,895 1,092 10,221 1,687 788 7,193 6,144 1,0262018 23,939 22,517 19,146 2,512 11,633 2,241 823 7,771 3,461 1,1852019 24,120 21,427 25,043 1,948 . 7,169 966 9,639 4,555 2,6732020 29,226 27,442 33,471 1,988 17,729 9,667 690 12,003 3,790 3,001

Deutsche Bundesbank

Direct investment statistics

17-05-2022

117

II. Foreign direct investment stock statistics (Extended Directional Principle)

2. Foreign direct investment in the reporting countryc) Primary and secondary direct investment broken down by economic activity of the investment enterprises

and country of investor (cont'd)End of year; in € million

of which

Manufacturing

of which

All economicactivities Total

Manufacture of coke and re-fined petroleumproducts

Manufacture ofchemicals andchemicalproducts

Manufacture ofbasic pharma-ceutical products and pharmaceuticalpreparations

Manufacture ofother non-metallic mineralproducts

Manufacture ofinstruments andappliances formeasuring,testing and navi-gation; watchesand clocks, elec-tromedical andelectrotherapeu-tic equipment

Manufacture ofmachinery and equipment n.e.c.

Electricity, gas,steam and airconditioningsupply

Wholesale andretail trade; repair of motorvehicles andmotorcycles

Year 21 22 23 24 25 26 27 28 29 30

                        Netherlands

2017 107,135 35,367 6,262 3,231 2,537 1,799 – 1,123 1,931 3,482 12,1832018 115,539 43,752 6,233 3,354 8,476 1,647 150 2,072 4,516 11,6902019 105,393 39,266 3,939 2,777 9,497 . – 170 2,189 7,633 12,8762020 99,567 39,509 4,290 3,174 8,718 . 249 1,929 10,327 9,867

                        Spain

2017 10,216 487 – 147 82 . 57 – 960 1,343 3022018 9,773 618 – 53 . . 63 7 . 5032019 9,856 262 0 90 . . 50 104 . 5102020 11,398 799 – 82 . . 40 93 . 506

                        Sweden

2017 9,369 2,119 . 56 . . 113 293 . 1,3202018 7,146 1,188 . . . . 93 306 . 1,3302019 8,070 1,316 . . . . 122 232 . 9752020 6,169 1,803 . . . . 123 472 . 987

              Switzerland

2017 38,833 15,467 . 340 1,975 396 2,158 2,964 584 8,2532018 40,082 16,128 . – 74 2,583 . . 4,094 584 8,6712019 47,164 15,435 . – 413 2,507 . . 4,214 615 10,0102020 46,541 14,738 . – 86 3,430 . 873 3,842 . 10,369

              United Kingdom

2017 36,096 9,512 . 1,084 1,504 74 505 973 – 530 5,7962018 32,987 7,849 . 1,008 . 118 . 504 – 528 5,3402019 37,727 9,383 . . 1,730 119 406 441 – 51 4,5502020 37,215 5,976 . 1,445 . . 356 501 706 3,907

    America

2017 59,291 9,664 . 1,183 167 149 1,676 2,737 0 4,5762018 64,999 10,855 . 1,255 . 131 2,557 2,373 . 4,1432019 55,898 7,876 . . . 295 2,825 2,591 . 4,5112020 68,081 7,184 . 1,196 . 304 . 2,331 . .

    of which: Canada

2017 2,357 299 – 23 – 22 0 – 2 125 . 722018 1,784 235 – . – 1 – – 1 78 . 642019 1,497 416 – 14 . 0 – 1 327 . 972020 1,645 439 – . 0 . 0 349 . 188

                    United States

2017 52,682 7,838 . 1,109 40 169 1,690 2,557 . 4,6192018 55,619 9,770 . 1,245 96 128 2,562 2,214 . 3,8912019 50,610 6,838 . 1,283 15 294 2,832 2,247 . 4,1082020 51,246 6,730 . 1,161 137 301 2,819 1,958 . 2,908

    Asia 

2017 37,257 7,880 0 1,018 692 94 364 2,084 . 15,2382018 41,832 9,692 – 3 1,044 1,546 240 535 2,081 . 16,3112019 45,912 12,269 – 7 1,407 1,565 295 443 1,868 . 16,0062020 45,140 11,641 12 1,374 1,528 223 486 1,844 . 17,104

    of which: Japan

2017 20,014 5,856 – 823 767 . 356 1,595 – 9,3372018 23,139 6,559 – 773 894 . 365 1,625 – 10,5612019 26,710 8,371 – 1,156 893 . 334 1,018 – .2020 27,332 . – 1,128 904 . 345 1,026 . .

Deutsche Bundesbank

Direct investment statistics

17-05-2022

118

II. Foreign direct investment stock statistics (Extended Directional Principle)

2. Foreign direct investment in the reporting countryc) Primary and secondary direct investment broken down by economic activity of the investment enterprises

and country of investor (cont'd)End of year; in € million

Information und Communication Financial and insurance activities

of which: of which:

TotalTelecommuni-cations Total

Monetaryintermediation

Holding com-panies withoutmanagementfunction

Trusts, funds and similar financial entities;other financialservice activities

Insurance and reinsurance,Pension funding

Real estateactivities

Managementconsultancyactivities (holding com- panies with managementfunction)

Administrativeand supportservice activities

Year 31 32 33 34 35 36 37 38 39 40

                        Netherlands

2017 7,449 4,553 33,825 6,525 10,706 14,757 – 2,424 4,291 2,821 1,1292018 6,926 4,215 32,340 9,120 10,745 . – 2,310 4,250 2,944 1,0792019 2,188 3,768 27,921 9,803 . . – 1,843 4,174 2,361 1,5922020 – 1,255 – 143 28,080 9,456 . . – 1,842 4,133 – 271 1,451

                        Spain

2017 275 1 6,725 3,453 3,065 . . 222 247 192018 175 135 6,314 3,476 2,673 . . 167 230 182019 294 – 1 6,527 3,762 3,001 – 3 . 324 . 172020 287 – 5 7,485 4,037 3,704 . . 302 . 17

                        Sweden

2017 16 21 4,119 2,320 908 919 . 1,339 19 – 1162018 – 115 7 3,786 1,868 837 897 . 1,866 . – 72019 24 12 3,592 1,841 809 866 . 1,701 – 56 1572020 – 222 – 163 2,702 1,659 813 . . 1,812 . 144

              Switzerland

2017 143 15 8,201 3,890 2,464 272 784 2,453 1,124 8852018 169 . 9,412 4,010 4,643 . – 25 2,079 1,107 .2019 . 3 14,945 . . 3 130 2,357 1,103 .2020 . . 14,863 . 5,188 – 147 . 2,514 . .

              United Kingdom

2017 9,036 7,594 7,689 3,894 2,227 3,710 – 1,962 2,745 – 71 7232018 8,952 6,632 5,051 4,050 1,148 . – 2,277 3,107 343 1,4552019 7,080 5,756 10,500 . 1,741 5,381 – 895 2,274 1,838 3132020 6,883 6,151 13,485 . 2,105 6,423 – 162 2,443 1,446 218

    America

2017 – 181 402 29,653 5,248 19,012 1,861 2,746 1,237 12,267 – 5632018 935 . 33,021 . . . 2,367 1,212 10,712 .2019 421 472 26,418 . . 1,078 2,753 1,343 13,291 .2020 352 474 37,583 18,607 . . 2,748 1,365 15,919 .

    of which: Canada

2017 94 . 1,423 1,380 36 – 0 51 368 212018 . . 1,351 . . – . 22 19 .2019 35 . 948 . 28 . . 21 15 152020 . . 933 . – 53 . . 22 31 .

                    United States

2017 – 221 402 26,132 2,784 18,415 1,583 2,544 790 11,944 – 6992018 1,100 . 25,730 . 17,434 . . 798 10,699 482019 1,094 . 22,549 . 12,367 703 . 1,194 13,263 – 842020 1,008 . 30,982 14,533 12,137 . . 1,147 6,753 – 161

    Asia 

2017 286 . 11,695 6,819 4,133 592 . 224 197 902018 312 . 12,846 8,194 . . . . 563 1422019 471 . 13,605 9,150 . 717 . . 1,050 1842020 472 – 9 12,319 . . 747 . . 988 191

    of which: Japan

2017 214 – 1 5,230 4,431 744 14 . 37 – 311 – 22018 213 – 1 6,215 5,412 . 15 . 37 – 294 22019 291 – 1 7,014 . 713 86 . 38 94 132020 286 – 1 7,977 7,079 716 . . 38 101 12

Deutsche Bundesbank

Direct investment statistics

17-05-2022

119

II. Foreign direct investment stock statistics (Extended Directional Principle)

2. Foreign direct investment in the reporting countryc) Primary and secondary direct investment broken down by economic activity of the investment enterprises

and country where the corporate headquarters are residentEnd of year; in € million

of which

Manufacturing

of which

All economicactivities Total

Manufacture of coke and re-fined petroleumproducts

Manufacture ofchemicals andchemicalproducts

Manufacture ofbasic pharma-ceutical products and pharmaceuticalpreparations

Manufacture ofother non-metallic mineralproducts

Manufacture ofinstruments andappliances formeasuring,testing and navi-gation; watchesand clocks,electromedicaland electrothera-peutic equipment

Manufacture ofmachinery and equipment n.e.c.

Electricity, gas,steam and airconditioningsupply

Wholesale andretail trade; repair of motorvehicles andmotorcycles

Year 1 2 3 4 5 6 7 8 9 10

All countries2017 536,632 137,573 10,600 12,034 18,265 6,668 9,263 16,854 20,939 63,3772018 546,053 143,026 8,904 20,185 18,532 6,248 9,310 16,568 19,815 63,0412019 560,946 140,570 7,074 22,248 17,787 6,457 9,096 17,147 25,554 62,8552020 593,881 138,882 5,028 21,636 19,269 7,001 8,252 16,915 37,657 59,678

    Europe2017 366,103 85,849 4,160 6,100 10,111 5,904 4,358 6,950 21,150 26,6452018 370,236 88,581 2,703 14,689 9,464 . 3,847 7,025 20,074 29,1682019 377,824 91,475 3,323 16,353 7,956 . 4,586 7,959 25,257 28,5962020 396,059 89,585 1,523 16,238 9,313 6,045 3,409 7,669 36,319 26,508

        EU countries2017 323,111 70,726 4,160 4,854 9,728 5,497 2,145 3,631 18,787 19,3792018 326,177 74,398 2,703 13,503 9,175 5,051 2,047 3,610 17,741 21,7012019 326,134 76,183 3,323 15,357 7,711 5,438 2,429 4,405 23,193 20,0682020 297,721 62,300 1,419 13,820 5,923 5,611 2,184 3,664 34,678 16,259

        of which: Austria2017 22,886 4,740 . 146 . 409 58 592 511 1,2702018 22,396 4,752 . . . . . 305 519 1,2922019 23,039 . . . . 267 . 323 454 1,0852020 27,938 5,795 . . . . . 410 388 712

                        Belgium2017 8,543 3,555 – 407 – 1,232 . 146 3,914 1872018 8,552 . – 437 – 1,173 . 128 3,949 1532019 8,983 3,520 – 344 – 1,178 . 124 4,558 1772020 9,878 . – 276 – 1,207 . 128 5,921 68

                        Denmark2017 6,417 1,340 – – – 102 59 152 1,535 1,4452018 4,972 1,151 – . – 193 147 . 521 1,4722019 6,106 1,486 – . – 311 173 . 1,490 1,4882020 5,894 1,332 – . – 385 157 . 1,540 1,515

                        Finland2017 2,346 1,960 – 63 – . – – 10 . 3402018 5,993 . – 62 – . – – 101 1 3592019 5,855 1,121 – 58 – . . – 71 . 2952020 15,029 . – 54 – . – – 54 9,262 254

                        France2017 34,144 13,209 . 732 6,607 235 536 640 1,809 1,9072018 33,026 10,967 . . 5,843 . 394 344 1,430 1,9612019 32,650 9,010 . . 4,383 . 351 28 1,550 1,6692020 34,577 9,983 . . 4,102 . 296 107 1,561 1,757

                        Germany2017 62,452 5,204 . 399 16 28 655 361 2,180 2,4442018 55,407 5,696 – 365 21 . 550 371 2,706 2,5132019 57,449 5,389 – 408 14 . 735 609 2,917 2,6902020 57,222 4,693 – 416 92 . 892 300 2,540 2,829

                        Italy2017 30,622 3,929 . 217 . 1,668 56 243 . 1,7532018 30,238 . . . . 1,683 . 361 . 1,5692019 25,837 . . . . 1,513 . 330 . 1,5282020 24,055 . . . . 1,594 . 353 . 1,548

                        Luxembourg2017 26,100 6,796 – 1,131 317 718 281 697 1,682 2,0692018 35,011 . – 1,040 255 . 181 418 1,909 3,0532019 33,398 . – 1,888 98 . . 1,023 2,016 1,8882020 38,395 . – 2,213 156 . 144 1,164 2,026 2,025

Deutsche Bundesbank

Direct investment statistics

17-05-2022

120

II. Foreign direct investment stock statistics (Extended Directional Principle)

2. Foreign direct investment in the reporting countryc) Primary and secondary direct investment broken down by economic activity of the investment enterprises

and country where the corporate headquarters are resident (cont'd)End of year; in € million

Information und Communication Financial and insurance activities

of which of which

TotalTelecommuni-cations Total

Monetaryintermediation

Holding com-panies withoutmanagementfunction

Trusts, funds and similar financial entities;other financialservice activities

Insurance and reinsurance,Pension funding

Real estateactivities

Managementconsultancyactivities (holding com- panies with managementfunction)

Administrativeand supportservice activities

Year 11 12 13 14 15 16 17 18 19 20

All countries2017 45,357 40,218 174,576 63,052 74,489 26,358 2,913 28,678 30,064 3,8962018 37,815 33,885 182,274 70,246 77,373 21,252 3,603 29,866 27,873 5,8062019 36,272 31,463 181,245 77,705 65,412 26,941 1,870 32,440 35,922 7,9602020 38,184 33,738 206,977 89,282 70,088 29,852 2,228 33,412 33,867 6,907

    Europe2017 39,845 35,866 122,710 47,115 45,446 21,651 1,519 25,193 19,639 3,4232018 33,484 29,540 126,664 51,814 48,799 15,753 2,665 26,360 17,096 3,9882019 32,435 27,051 123,710 56,062 41,016 19,459 – 57 28,210 18,861 .2020 39,179 32,904 129,710 55,717 45,257 15,018 596 29,090 15,937 3,998

        EU countries2017 39,730 35,862 112,206 43,380 39,855 21,289 1,134 21,699 19,441 2,8582018 33,307 29,540 114,121 48,105 . 15,573 2,232 23,220 17,216 3,4842019 32,219 . 106,370 48,526 . . – 1,584 23,526 18,450 4,0232020 11,448 6,023 107,575 45,008 36,603 14,576 – 424 24,257 16,603 2,905

        of which: Austria2017 206 . 7,519 989 6,017 250 . 2,458 3,220 4722018 168 – 7,817 . . . . 1,971 3,205 5262019 62 . 6,678 . . 154 . . 4,859 5452020 65 – 11,079 . . 188 . . 4,811 567

                        Belgium2017 68 . 355 696 232 . . 74 – 45 992018 33 . 268 739 116 – – . . 1812019 . . – 549 . . . – 164 . 6202020 . . – 514 . . . – 160 – 28 165

                        Denmark2017 65 . 1,059 142 642 76 – – 21 3 902018 50 . 892 140 . . – . . 1802019 43 . 637 . 322 . . – 5 – 72 842020 30 . 515 . 246 9 . – 11 . 7

                        Finland2017 . . – 55 – – 4 . – 74 78 – 5 1052018 . – 4,341 . 3,953 . . 37 – 8 .2019 . – 4,361 . 3,961 . . 55 – 8 .2020 . – 3,949 – 3,705 . . 37 – 10 136

                        France2017 436 47 11,590 8,187 3,230 1,843 – 1,680 2,843 424 1012018 604 57 12,616 8,609 2,100 2,371 – 585 3,129 – 36 2132019 759 94 13,293 8,726 3,219 2,976 – 1,408 2,903 – 37 1042020 1,169 88 13,965 9,117 3,144 3,070 – 1,132 2,828 80 – 29

                        Germany2017 1,360 31 34,206 881 14,824 13,924 – 170 2,248 12,227 3062018 1,471 47 25,003 1,276 9,737 8,414 – 280 2,533 12,131 2522019 2,541 19 24,369 872 10,475 7,301 – 388 2,283 11,353 4692020 2,580 27 26,423 935 11,002 7,369 – 374 2,050 10,369 459

                        Italy2017 555 . 23,642 17,863 – 21 556 4,930 563 26 02018 653 . 23,062 17,067 20 625 4,974 . 33 72019 . . 19,261 17,665 – 808 417 1,752 489 – 1 202020 . . 16,791 14,912 – 776 684 1,739 287 – 1 54

                        Luxembourg2017 220 98 6,915 . 5,815 232 4 5,535 440 4322018 393 173 13,414 2,362 9,713 . 231 5,988 . 8302019 455 195 10,213 1,937 . . 292 7,309 . 5942020 653 184 10,774 1,869 . . 82 10,153 750 728

Deutsche Bundesbank

Direct investment statistics

17-05-2022

121

II. Foreign direct investment stock statistics (Extended Directional Principle)

2. Foreign direct investment in the reporting countryc) Primary and secondary direct investment broken down by economic activity of the investment enterprises

and country where the corporate headquarters are resident (cont'd)End of year; in € million

of which

Manufacturing

of which

All economicactivities Total

Manufacture of coke and re-fined petroleumproducts

Manufacture ofchemicals andchemicalproducts

Manufacture ofbasic pharma-ceutical products and pharmaceuticalpreparations

Manufacture ofother non-metallic mineralproducts

Manufacture ofinstruments andappliances formeasuring,testing and navi-gation; watchesand clocks,electromedicaland electrothera-peutic equipment

Manufacture ofmachinery and equipment n.e.c.

Electricity, gas,steam and airconditioningsupply

Wholesale andretail trade; repair of motorvehicles andmotorcycles

Year 21 22 23 24 25 26 27 28 29 30

                        Netherlands2017 33,513 4,356 71 258 . 39 – 132 196 4,285 4,1742018 35,250 4,668 91 363 886 106 39 150 5,270 3,4702019 39,449 6,176 253 266 924 . 36 382 7,580 4,1352020 43,118 5,856 . 289 . . – 132 246 10,575 3,912

                        Spain2017 16,701 – 219 – . 95 . . – 937 . 4232018 15,263 212 – . . . . . . 3952019 15,086 . – . . . . . . 3952020 16,059 . – . . . . . . 314

                        Sweden2017 11,732 5,454 . 46 . – 112 604 . 5712018 11,280 6,020 . 48 . – . 581 . 6542019 12,123 6,086 . . . – . 527 . 5792020 9,738 6,202 . . . – . 638 . 191

              Switzerland2017 25,484 13,268 – 831 358 435 2,218 3,111 153 4,0202018 26,267 12,326 – . 288 . . 3,193 234 4,3862019 32,021 12,592 – . 245 . . 3,403 216 5,1072020 31,607 12,169 – 851 1,670 . 1,021 3,011 . 4,732

              United Kingdom2017 56,251 16,114 . 1,021 1,413 132 165 802 . 1,9972018 48,588 13,361 . 1,000 . 79 . 754 107 3,7012019 47,363 14,569 . 1,291 . . 188 800 97 3,1222020 52,378 12,124 . . 1,720 72 209 797 . .

    America2017 104,870 29,746 6,339 3,495 1,406 607 3,776 5,924 – 600 15,8982018 105,694 . . . . 465 . 5,426 – 638 12,6122019 110,104 . . . . 256 3,896 5,559 – 87 13,5482020 123,144 25,489 . . . 646 4,215 5,492 246 .

    of which: Canada2017 4,990 1,920 – 32 . – 15 465 . 4582018 . 2,177 – – 6 . – . 422 . .2019 . 1,705 – . . – . 507 . 3472020 . 1,505 – . . – . 508 . .

                    United States2017 96,599 25,948 6,313 2,997 1,324 337 3,761 5,445 – 8 14,6712018 95,925 25,946 6,081 2,729 . . 4,103 4,887 – 15 11,4552019 100,958 21,588 . . 1,916 . . 4,984 – 47 .2020 113,138 22,323 . . 2,433 . . 4,915 – 28 9,294

    Asia 2017 60,505 19,939 – 2,303 5,847 157 486 3,943 388 20,6262018 64,159 22,398 – 2,116 6,748 295 559 . . 21,0612019 66,353 . – 2,375 6,782 367 614 . 384 20,4292020 68,183 22,137 – 2,321 6,234 . 628 . 1,092 22,324

    of which: China 22017 6,682 2,084 – 94 . – – 974 . 1,4532018 5,880 2,205 – . . – – 887 . 1,3662019 6,789 2,754 – . . – . 1,123 . 1,1192020 6,962 2,618 – . . – . 1,094 . 1,153

                    Japan2017 29,344 10,222 – 1,050 3,321 150 399 2,643 – 12,8832018 32,990 . – 1,112 3,453 . 448 2,724 – 13,8392019 35,424 . – 1,443 3,441 . 493 1,986 – .2020 36,737 . – 1,379 2,986 . 495 2,175 . 13,889

2 Excluding Hong Kong.

Deutsche Bundesbank

Direct investment statistics

17-05-2022

122

II. Foreign direct investment stock statistics (Extended Directional Principle)

2. Foreign direct investment in the reporting countryc) Primary and secondary direct investment broken down by economic activity of the investment enterprises

and country where the corporate headquarters are resident (cont'd)End of year; in € million

Information und Communication Financial and insurance activities

of which of which

TotalTelecommuni-cations Total

Monetaryintermediation

Holding com-panies withoutmanagementfunction

Trusts, funds and similar financial entities;other financialservice activities

Insurance and reinsurance,Pension funding

Real estateactivities

Managementconsultancyactivities (holding com- panies with managementfunction)

Administrativeand supportservice activities

Year 31 32 33 34 35 36 37 38 39 40

                        Netherlands2017 942 515 10,645 6,439 4,545 – 409 – 7 4,223 346 4912018 866 613 12,212 . 4,370 . – 60 4,506 468 2762019 494 291 12,353 8,941 3,072 192 – 109 4,205 426 6772020 509 285 12,248 8,616 3,007 130 – 10 4,272 428 580

                        Spain2017 8,018 . 6,753 3,458 3,084 – 1 . – 47 – 90 172018 6,778 . 6,214 . 2,563 0 . – 85 . 172019 5,731 . 6,538 . 2,818 0 . 148 . 162020 5,622 . 7,739 . 3,499 0 . 127 . 16

                        Sweden2017 37 39 4,562 2,320 189 2,235 – 621 – 68 – 482018 – 191 . 4,466 1,721 531 2,244 – 1,061 30 872019 7 . 4,152 1,690 324 2,203 – 814 – 7 1402020 28 . 3,179 1,508 240 1,413 – . – 10 151

              Switzerland2017 57 – 4,011 1,719 1,466 158 385 2,631 59 5862018 146 – 5,420 1,613 . . 134 2,327 . .2019 . – 9,696 . . 104 . 2,433 . .2020 . – 10,050 . 3,167 . 524 2,445 . 496

              United Kingdom2017 27,833 27,284 5,028 2,374 1,279 2,348 – 1,086 2,224 707 8032018 22,546 . 2,436 2,457 362 . . 2,509 565 1,2522019 21,423 20,949 3,317 2,566 269 . . . 573 5662020 27,355 . 6,957 2,881 4,613 . . 1,734 – 1,121 539

    America2017 4,811 4,250 34,691 8,554 19,371 4,748 1,373 2,497 9,440 3002018 . . 37,686 . 19,793 . 1,183 . 9,778 1,3732019 . 4,321 37,939 . 15,340 6,982 . . 15,194 2,3622020 . 812 56,292 22,781 15,981 . . . 16,443 .

    of which: Canada2017 138 – 819 . 114 . – 584 534 232018 152 – 1,270 254 401 . . 478 . .2019 137 – 866 . 103 . . 643 . 92020 139 – 969 . 103 . . 615 . .

                    United States2017 4,679 4,250 33,089 8,176 18,755 4,198 1,368 1,727 8,890 2662018 3,487 . 34,277 9,222 17,754 4,466 829 1,942 9,680 1,3042019 2,823 . 34,772 . 13,508 6,446 . 2,317 15,068 2,1122020 – 1,984 812 52,877 22,422 13,847 . . 2,522 . 1,633

    Asia 2017 677 103 16,081 7,327 8,472 132 21 961 759 1662018 657 . 16,442 8,760 7,692 . . 897 985 1302019 779 91 17,787 9,649 7,688 . . 1,071 1,014 1492020 769 22 18,422 . 7,300 . . 871 1,022 136

    of which: China2017 106 . 2,169 1,457 727 – – 10 337 732018 122 . 1,764 1,657 104 . – – 9 135 372019 75 . 2,000 . 142 . – 7 280 292020 76 . 2,073 . 156 . – 6 . 28

                    Japan2017 502 . 5,463 4,560 844 14 21 118 314 692018 464 . 6,074 . 744 . . 130 225 – 22019 578 . 7,173 6,264 . 78 . 211 235 52020 562 . 8,578 7,211 . 97 . 108 277 .