1. FOREIGN DIRECT INVESTMENT
Balance of Payments and International Investment Position, 6th Edition (BPM6) Concept *
in million U.S. dollars
	Levels																	Growth Rates YoY (%)
	2020 r							2021 p							2020 r	2021 p		2021 p
	Jan	Feb	Mar	Apr	May	Jun		Jan	Feb	Mar	Apr	May	Jun		Jan-Jun			Jun	Jan-Jun
Net Incurrence of Liabilities :
Non-Resident Investments in the Philippines	680	621	342	320	572	519		961	608	808	654	433	833		3,055	4,298		60.4	40.7
Equity and investment fund shares	431	243	293	91	224	269		426	92	428	179	165	203		1,550	1,493		-24.6	-3.7
Equity other than reinvestment of earnings	350	175	229	3	130	180		351	20	349	97	60	93		1,066	971		-48.4	-8.9
Placements	374	236	278	47	142	192		362	89	377	108	82	119		1,268	1,137		-38.2	-10.4
Withdrawals	24	61	49	44	13	12		10	69	28	11	21	26		202	165		112.0	-18.3
Reinvestment of earnings	82	68	64	88	94	89		74	72	79	82	104	110		484	522		23.4	7.7
Debt instruments, net	249	378	49	229	349	250		536	516	380	475	269	630		1,504	2,805		151.8	86.5
* Net FDI flows refer to non-residents' net equity capital (i.e., placements less withdrawals) + reinvestment of earnings + debt instruments (i.e., net intercompany borrowings).
r Revised
P Preliminary
Details may not add up to total due to rounding.