This post is by Marcus Lu from Visual Capitalist

See this visualization first on the Voronoi app.

Graphic illustrating the top ten emerging markets according to their FDI momentum in 2024.

Top Emerging Markets for Investment in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Foreign direct investment (FDI) refers to the investment made by individuals, companies, or entities from one country into businesses, assets, or ventures located in another country. FDI plays a pivotal role in global economic development, as it facilitates capital flows, fosters business expansion, and contributes to job creation and economic growth. In this graphic, we illustrate the top 10 emerging markets according to their FDI momentum in 2024. This ranking comes from fDi Intelligence and was published in December 2023.

Cambodia Tops the List

The 10 countries with the strongest FDI prospects for 2024 are spread across Asia, Africa, the Middle East, and Europe. Asia features six countries on the list, with Cambodia expected to carry the strongest investment momentum this year. With a GDP growth forecasted at 6.1% in 2024, up from 5.6% in 2023, the IMF expects Cambodia to be the fastest-growing economy in Southeast Asia. The country has strengthened its trade relationships with China, South Korea, and the EU. Additionally, Cambodia has benefited from a recovery in tourism since China started lifting its COVID-related travel restrictions earlier in 2023.
CountryGDP GrowthGrowth in FDI Capex (CAGR ’21-’23)Growth in FDI Projects (CAGR ’21-’23)
🇰🇭 Cambodia6.1%393%110%
🇵🇭 Philippines5.9%312%51%
🇰🇪 Kenya (Read more…)