Jersey has attracted more than US$65bn and distributed in excess of $75bn of Foreign Direct Investment (FDI), according to the findings of a new report commissioned by Jersey Finance and compiled by global management advisory firm Investment Consulting Associates.
The report found that Jersey attracted a stock of inbound FDI totaling $65.7bn in 2012. The main source of this was the UK (56.3 per cent of the total), whilst FDI was also sourced from Ireland (14.6 per cent) and Russia (7.8 per cent) as well as India, France and South Africa.
In addition, the stock of outbound FDI distributed globally by Jersey in 2012 was $75.8bn, with the UK again accounting for the largest share (44.8 per cent of the total). The next biggest destinations were the Netherlands (10.3 per cent) and Germany (7.9 per cent), as well as Russia, Poland and Hungary.
Countries in the island’s top 20 for both capital invested and jobs created abroad included Poland, Turkey and Netherlands. Moreover, several African developing markets including Uganda, Mozambique, Egypt and Senegal have also benefited directly and indirectly from FDI originating from Jersey.
Within the report, FDI was defined as investment by corporate investors in a company or entity based in another country, investment by wealthy individuals to optimise their international investment revenues or Greenfield investment which creates new physical operations such as factories, distribution centres, service centres and regional headquarter.
The full report can be read here