Figure 9-3 Proportion of the Global South in global FDI inflows and outflows, 2005-2024
sector, Indonesia's abundant nickel resources production and investment. Consequently, this manufacturing and refining technologies to fos-in their growth dividends. Over the past two ter a regional hub for the industry. Projections decades, the Global South's share of global FDI indicate that by 2030, South-South trade willinflows rose from approximately 34% in 2005 constitute 27% of global trade volume, with an years, FDI flows to the Global South have stabi- annual growth rate of 7.4%, remarkably out- lized, increasing modestly from US$865 billion pacing the 4.5% average global trade expansion in 2023 to US$867 billion in 2024. By contrast, lion during the same period (UNCTAD, 2025). ing a major destination for FDI. Compared withand copper. This has spurred capital-intensive advanced economies, the sustained expansion projects, redirecting investment flows towards