The Best Emerging Markets to Invest In, According to fDi Intelligence

What we’re showing

The top 10 emerging markets according to their FDI (foreign direct investment) momentum in 2024. This ranking comes from fDi Intelligence, and was published in Dec 2023.

Methodology

Each country was ranked according to four metrics: GDP growth, Inflation, Growth in FDI Capital Expenditure, and Growth in FDI Projects.

Cambodia at #1

Cambodia is expected to be Southeast Asia’s fastest growing economy in 2024, and has strengthened its trade relationships with China and South Korea.

According to fDi, Cambodia attracted $2B in FDI across 20 projects in the first 9 months of 2023.

Philippines at #2

Under a newly elected government since 2022, the Philippines has taken steps to liberalize investment in key sectors like renewable energy.

In 2023, foreign companies pledged nearly $14B in new wind and solar power projects across the country.