New data released by the Office for National Statistics, following a request from Development Monitor, shows that:
- The UK’s outward Foreign Direct Investment (FDI) position in Least Development Countries (LDCs) fell 29.5% from 2014 to 2015
- There was a net disinvestment of £2.7 billion by UK companies in those countries 2015
- UK FDI in LDCs accounted for less than 1% of the UK’s total outward FDI position in 2015
Over the same period, the UK’s total outward FDI positions (in all countries) fell slightly (2.5%) from £1,078.7 billion in 2014 to £1,052.1 billion in 2015.