In 2010, manufacturing was the leading business activity for FDI projects, accounting for 26% of global FDI projects. The top three business activities – manufacturing, sales marketing and support, and business services – accounted for two-thirds of global FDI projects in 2010.

Manufacturing was top for project numbers, capital investment and job creation in 2010. The number of manufacturing projects increased by 20% and an estimated $357bn was invested in manufacturing projects, up 9.7% on 2009. The number of jobs created by manufacturing FDI projects grew by 25% to an estimated 1.1 million in 2010.

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Manufacturing is recovering strongly, but has yet to return to 2008 levels of FDI. Nevertheless, it accounted for 26% of global projects, 48% of the global capital investment and 55% of global jobs creation in 2010.

ICT and internet investment up

Information and communication technologies, and internet infrastructure business activity had another year of solid growth, with FDI in both sectors reaching record levels. Project numbers increased by 18.8% to 277 in 2010, capital investment grew by 14.6% and job creation by 7%. Investment by telecom companies drove the growth, with major global investments in broadband infrastructure in particular.

The number of construction projects fell by 28% to 454 in 2010, capital investment in the sector declined by 44% and the number of jobs created by 39%. The projects that continued to go ahead in 2010 were significantly smaller than in previous years. The market share of construction in global capital investment fell by 5% to 10.7% in 2010.

FDI in extraction activities also declined markedly in 2010, with 97 fewer projects recorded in 2010, a fall of 40% on 2009. Capital investment in extraction fell by 47% in 2010 to an estimated $55.7bn. This decline in projects and capital expenditure reduced extraction’s share of global jobs created to an estimated 62,740 in 2010, 3% of the global total.

Electricity’s spark fades

FDI projects involved in electricity generation declined sharply in 2010, with project numbers down 41% and the capital expenditure and jobs following this trend, down 47% and 53%, respectively. The decline was felt in both coal, oil and natural gas, and in the renewable energy sectors.