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Foreign investment statistics

Statistics on where Australia invests

Australian businesses invest huge amounts of money in other economies. At the end of 2022, the total amount of Australian money invested overseas was valued at $3.7 trillion.

Where does Australia invest?

The United States and the United Kingdom remain the two largest economies for Australian investment. At the end of 2022, Australian investments in the US totalled $1.1 trillion and our investment in the UK was $836 billion.

Australian investment in Asia has increased dramatically over the past decade. Between 2012 and 2022, our investments to major Asian economies (China, Hong Kong (SAR of China), India, Japan, Republic of Korea, Taiwan and all ASEAN members) has increased from $165 billion to $438 billion.

The table below shows the top 20 economies where Australia invests (as at the end of 2022). Totals are in A$ billion and include both direct, portfolio investment and other investment.

Where does Australia invest?
2022, A$ billion

Rank in 2022 Economy 2020 2021 2022 % of total % change 2021 to 2022 5-year trend
% growth
1 United States 870.9 1,106.6 1,073.3 29.2 -3.0 10.7
2 United Kingdom 624.1 536.6 836.0 22.8 55.8 15.0
3 New Zealand 108.1 103.0 151.9 4.1 47.5 5.2
4 Japan 108.5 127.9 125.7 3.4 -1.7 0.3
5 Cayman Islands 80.9 94.2 104.2 2.8 10.6 8.4
6 Canada 93.9 88.7 103.3 2.8 16.4 12.2
7 France 61.4 64.4 82.0 2.2 27.3 9.4
8 Hong Kong (SAR of China) 69.3 64.0 80.4 2.2 25.5 7.9
9 Singapore 63.2 59.7 76.2 2.1 27.6 0.7
10 Germany 87.1 99.6 71.6 1.9 -28.1 1.7
11 China 67.1 70.5 62.5 1.7 -11.4 -4.7
12 Netherlands 46.0 51.2 57.9 1.6 13.0 5.3
13 Ireland 36.8 50.0 49.4 1.3 -1.3 30.9
14 Bermuda 38.2 39.2 41.7 1.1 6.4 0.0
15 Switzerland 30.2 35.0 36.7 1.0 5.0 2.1
16 Luxembourg 19.0 22.8 27.9 0.8 22.2 6.8
17 Republic of Korea 25.1 27.0 27.3 0.7 1.3 7.0
18 Papua New Guinea 17.3 25.0 26.2 0.7 5.0 8.7
19 Taiwan 15.8 20.4 17.6 0.5 -13.5 18.1
20 India 15.6 19.8 17.6 0.5 -11.4 4.8
  All economies 3,024.4 3,329.1 3,673.9 100.0 10.4 8.9

Based on ABS catalogue 5352.0.
Last updated: May 2023.

How does this compare with other economies?

Australia is the 15th-largest international direct investor the world.

The table below shows how our level of direct outward investment compared with other economies in 2021. Yearly values are in US$ billion.

Economies ranked by direct foreign outward investment
2021, US$ billion

Rank in 2021 Economy 2019 2020 2021 % of total % change 2020 to 2021 5-year trend
% growth
1 United States 7,579.1 8,240.8 9,813.5 23.5 19.1 7.3
2 Netherlands 2,293.0 3,574.1 3,356.9 8.0 -6.1 10.5
3 China 2,198.9 2,580.7 2,581.8 6.2 0.0 13.3
4 Canada 1,665.8 1,947.1 2,285.3 5.5 17.4 11.4
5 United Kingdom 1,965.9 2,137.6 2,166.4 5.2 1.3 6.2
6 Germany 1,821.6 1,989.6 2,141.3 5.1 7.6 8.5
7 Hong Kong, China 1,804.5 1,920.7 2,082.3 5.0 8.4 4.8
8 Japan 1,780.2 1,837.1 1,983.9 4.7 8.0 8.3
9 Switzerland 1,532.1 1,664.1 1,578.5 3.8 -5.1 3.8
10 France 1,430.5 1,547.8 1,545.0 3.7 -0.2 3.3
11 Singapore 1,145.3 1,265.7 1,346.4 3.2 6.4 9.5
12 Ireland 1,125.3 1,211.8 1,273.8 3.0 5.1 8.2
13 Luxembourg 278.9 1,322.8 1,272.8 3.0 -3.8 49.4
14 Belgium 653.9 658.0 691.3 1.7 5.1 1.1
15 Australia 580.9 623.1 618.9 1.5 -0.7 7.5
16 Spain 620.2 629.3 600.8 1.4 -4.5 1.7
17 Italy 558.6 585.2 553.3 1.3 -5.4 3.4
18 Korea, Republic of 456.0 500.9 551.5 1.3 10.1 12.0
19 Sweden 411.3 464.9 447.5 1.1 -3.7 5.1
20 Cyprus 461.2 490.0 413.3 1.0 -15.7 0.7
  Other economies 4,133.1 4,354.5 4,494.0 10.8 3.2 5.4
  All economies 34,496.3 39,545.7 41,798.5 100.0 5.7 3.7

Source: UNCTAD World Investment Report - Annex tables.
Last Updated: October 2022.

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