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EU-15 FDI in 2002 EU FDI flows to the US down by 68% Intra-EU flows rose by 13%
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This article gives an overview of EU Foreign Direct Investment (FDI) statistics for annual flows, stocks at year-end and annual income, for the period 1997-20021. EU FDI flows contracted in 2002 for the second consecutive year, after the strong expansion during the period 1997-2000. In 2002, the decrease in EU inward FDI flows from extra-EU countries (-19%) was much lower than for EU outward FDI (-49%). 2002 outward investment was strongly influenced by EU FDI in the US, which fell by 68% on 2001. FDI flows between EU Member States (intra-EU FDI) rose by 13%. EU income earned from FDI in extra-EU countries also rose with respect to 2001 (+24%), while FDI income paid by the EU to extra-EU countries decreased slightly (-3%). This article also presents data on FDI stocks and flows by main kind of activity, from which it emerges that investment in services activities played a major role in the recent expansion of EU FDI.