US remains top destination for foreign business investment for 10th consecutive year

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WASHINGTON, USA – The United States has been ranked as the top destination for foreign direct investment for the tenth consecutive year according to Kearney’s Global Business Policy Council’s 2022 Foreign Direct Investment (FDI) Confidence Index.

The annual survey of global senior executives and investors found that the United States retained its position for a decade due to the innovation of the U.S. economy as the key indicator to driving growth through FDI long term.

Foreign investors look for established innovative markets that are financially strong and safe while also having strong governance and infrastructure. The ranking is testament to the attractiveness of the United States to foreign companies despite the challenges posed by the COVID-19 pandemic.

“This ranking is cause for celebration and it reflects what so many in the global business community already know: the United States is unmatched not only in its economic power, but also in its appeal for businesses development through a strong culture of innovation and employment of a world-class productive workforce,” said Secretary Gina M. Raimondo. “The Department of Commerce is committed to creating the conditions for economic growth and opportunity for all Americans, including through foreign direct investment which creates jobs and contributes to economic development across the United States.”

“The United States retains the top position on Kearney’s 2022 FDI Confidence Index for the tenth consecutive year,” said Paul Laudicina, founder of the FDI Confidence Index. “Our findings suggest we are likely to see a continued shift in FDI to developed markets, with the US being chief among them. Investors seek to capitalize on destinations marked by regulatory transparency and stability on the one hand and technological innovation on the other. Robust US economic performance and bi-partisan action on the US infrastructure initiative also obviously have helped restore confidence in the country’s longer-term investment attractiveness, even as global geopolitical challenges persist.”

The United States rank in the FDI Confidence Index is supported by the work of the Department’s SelectUSA program that focuses on facilitating job-creating business investment into the United States and raises awareness of the critical role that economic development plays in the US economy. Since its inception, SelectUSA has facilitated more than $105 billion in investment, creating and/or retaining over 138,000 US jobs.

As part of the national effort to attract foreign direct investment, Secretary Raimondo will host the 2022 SelectUSA Investment Summit June 26-29 at the Gaylord National Resort & Convention Center in National Harbor, Maryland. The annual investment summit is the highest-profile event in the United States dedicated to promoting foreign direct investment and provides prospects for investors from global markets and economic development organizations across the nation to interact and create investment opportunities.

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