FDI Facts & Figures
CANADA CONTINUES ITSSTRONG PERFORMANCE
Foreign direct investment (FDI) to Canada continued to grow at a healthy pace in 2022, surpassing the 10-year average. This section provides the numbers and analysis using reported data from Statistics Canada and FDI activity data. The information also draws from announcements reported by investors in external sources, such as press releases, and compiled by fDi Markets and PitchBook. Unless otherwise noted, all data is presented in Canadian dollars. For more information, see our methodology.
2022 FDI RESULTS
$64.6 billion in FDI
735projects announced
33,816jobs announced
$1.3 trillion total FDI stock in Canada in 2022
TOTAL NET FDI FLOWS IN CANADA: 2013–2022 ($ billions)
FDI into Canada continued its strong trajectory in 2022, outpacing the 10-year average by 13.6%.
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| Year | Total net FDI flows into Canada ($ billions) |
|---|---|
| 2013 | $71.5 |
| 2014 | $65.2 |
| 2015 | $56.1 |
| 2016 | $47.8 |
| 2017 | $29.6 |
| 2018 | $48.8 |
| 2019 | $67.1 |
| 2020 | $36.1 |
| 2021 | $82.3 |
| 2022 | $64.6 |
| 10-year average | $56.9 |
Source: Statistics Canada, Table 36-10-0473-01
Retrieved: June 13, 2023
FDI FLOWS BY TYPE (REINVESTMENTS, M&As AND OTHER FLOWS)
Global companies already operating in Canada actively reinvested in 2022, making up nearly 70% of FDI for the year. This sends a strong message that Canada is a key partner in their strategies for long-term growth.
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| Type | % of total FDI | 10-year average |
|---|---|---|
| Reinvested earnings | 66.8% | 41.1% |
| M&As | 29.7% | 27% |
| Other flows | 3.5% | 31.9% |
Source: Statistics Canada, Table
36-10-0025-01
Retrieved: June 13, 2023
FDI FLOWS BY INDUSTRY – YEAR-OVER-YEAR COMPARISON ($ BILLIONS)
Canadian industries continued to outpace their 10-year averages in 2022. Notably, FDI into Canada’s EV value chain reached $8.7 billion in 2022 (Source: fDi Markets, PitchBook. Retrieved: June 13, 2023).
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| Industry | 2021 investments ($ billions) | 2022 investments ($ billions) | 10-year average ($ billions) |
|---|---|---|---|
| All industries | $82.3 | $64.6 | $56.9 |
| Energy and mining | $16.8 | $14.1 | $10.1 |
| Manufacturing | $23.1 | $15.5 | $14 |
| Trade and transportation | $11.9 | $11.5 | $8.3 |
| Finance and insurance | $9.4 | $8.5 | $6.1 |
| Management of companies and enterprises | $7.8 | $11.4 | $7.7 |
| Other industries | $13.4 | $3.6 | $10.7 |
Source: Statistics Canada, Table 36-10-0026-01
Retrieved: June 13, 2023
INVESTMENT INTO CANADA BY SOURCE COUNTRY IN 2022 ($ BILLIONS)
This graphic represents the change in FDI stock by country from 2021 to 2022.
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| Country | Change in FDI, 2021 to 2022 ($ billions) | % growth, 2021 to 2022 |
|---|---|---|
| All countries | 71.6 | 6.0% |
| United States | 26.1 | 4.4% |
| Luxembourg | 7.4 | 38.3% |
| United Kingdom | 6.6 | 9.5% |
| Australia | 6.3 | 38.0% |
| France | 3.0 | 15.0% |
| Netherlands | 2.6 | 7.3% |
| Germany | 1.7 | 4.9% |
| Spain | 1.4 | 18.4% |
| Brazil | 1.3 | 7.0% |
| China | 1.2 | 3.1% |
| Japan | –1.7 | –3.9% |
| Malaysia | 0.3 | 3.0% |
| Hong Kong | 0.2 | 1.4% |
| Ireland | –0.3 | –1.7% |
| Switzerland | –1.4 | –5.7% |
| Other countries | 17.0 | 7.5% |
Source: Statistics Canada, Table
36-10-0433-01
Retrieved: June 13, 2023
HIGH-GROWTH INVESTOR COUNTRIES IN 2022
A look at the change in FDI stock between 2018–2022 shows that global companies from Singapore, the United Kingdom and Australia have consistently increased investments in Canada.
Average increase in investments per year, 2018–2022
86.3% Singapore
14.4% United Kingdom
23.6% Australia
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Source: Statistics Canada, Table
36-10-0433-01
Retrieved: June 13, 2023
TOTAL STOCK OF FDI IN CANADA
FDI stock reached $1.3 trillion in 2022, up 33% over the 10-year average of $952.5 billion. For each dollar of GDP generated in the Canadian economy, Canada has $0.67 in FDI stock. This puts Canada 2nd among G7 countries and 31% higher than the OECD average.
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| Country | Inbound FDI stock as a % of GDP, 2022 |
|---|---|
| Canada | 67% |
| United Kingdom | 88% |
| United States | 44% |
| France | 32% |
| Germany | 27% |
| Italy | 22% |
| Japan | 5% |
| OECD average | 51% |
Source: OECD FDI Stocks Data
Retrieved: June 13, 2023