Portfolio equity includes net inflows from equity securities other than those recorded as direct investment and including shares, stocks, depository receipts (American or global), and direct purchases of shares in local stock markets by foreign investors.
| 1970 | 1990 | 2000 | 2005 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Austria | 807,692 | 667,634,806 | 5,996,473,332 | -538,709,101 | -225,606,573 | 729,778,643 | 1,895,316,309 | 1,282,973,915 | 1,504,023,649 | 1,309,981,360 | 5,271,736,984 | -3,630,195,320 | 3,033,555,606 | 4,801,029,951 | 3,673,120,977 | -2,139,678,419 | -1,189,046,396 | |
| Germany | -1,899,481,530 | -27,954,347,361 | 22,064,839,908 | 4,762,461,884 | -5,501,286,729 | -2,528,212,393 | 15,293,848,773 | 2,688,987,139 | 20,854,937,639 | -8,195,206,606 | -4,039,382,214 | -43,162,890,336 | -13,244,525,797 | -17,659,244,079 | -6,208,300,381 | -10,684,413,548 | -16,226,619,550 | |
| Italy | 0 | 3,982,154,450 | 3,528,856,797 | 10,684,408,706 | 3,817,204,298 | 6,058,146,006 | 20,840,769,995 | 17,094,800,378 | 28,087,940,288 | 13,938,985,122 | -678,679,469 | 19,720,516,803 | -5,903,011,840 | 18,587,217,286 | -3,143,918,843 | 5,284,233,636 | -12,600,746,940 | 3,893,302,522 |
| Netherlands | 60,220,994 | -2,736,061,786 | 16,972,030,329 | 83,360,628,609 | 23,158,411,897 | 7,100,834,367 | 7,219,990,478 | 17,450,569,661 | 53,604,484,054 | 80,074,381,470 | 45,858,782,549 | 37,717,180,557 | -50,042,175,058 | 16,693,826,389 | -82,555,429,487 | 119,431,710,277 | -1,574,970,753 | -26,389,946,053 |
| Romania | 0 | 58,000,000 | 232,210,719 | 3,437,243 | -38,290,891 | 408,323,208 | 1,054,061,124 | 534,835,682 | 361,658,059 | -459,356,570 | -61,144,312 | -479,265,394 | -656,140,789 | -860,716,628 | -146,186,541 | -301,782,899 | -276,785,586 | |
| Sweden | -5,799,107 | 192,161,175 | 18,048,577,674 | 2,053,670,507 | 5,144,356,169 | 2,211,252,766 | 3,969,457,153 | 5,099,789,695 | 2,007,944,855 | 1,926,800,191 | -3,047,369,374 | 3,259,905,209 | 46,479,960 | 1,147,073,389 | 7,374,259,068 | 17,874,411,772 | -20,114,318,713 | -2,380,163,752 |
| United Kingdom | 218,399,826 | 3,435,518,636 | 166,864,319,536 | -13,204,027,853 | -53,774,646,930 | -2,414,102,199 | 5,021,145,018 | 43,508,651,766 | 32,561,270,310 | 93,158,595,151 | -118,649,446,910 | 110,094,072,752 | 296,700,617 | -27,085,082,808 | 49,988,916,803 | -2,882,729,026 | -38,025,412,850 | -21,096,643,281 |
| Malta | 0 | 67,777,750 | 1,845,035,829 | -236,901,697 | 167,404,702 | -527,146,243 | -982,323,005 | -174,831,127 | -1,169,353,221 | -93,448,491 | 851,694,975 | 3,281,757,956 | 1,376,825,526 | 158,137,264 | 3,608,176,196 | -448,370,339 | 1,329,107,826 | |
| Canada | -75,902,070 | -1,501,962,748 | 24,233,572,510 | 7,570,840,826 | 17,792,565,109 | 21,318,185,331 | 951,229,149 | 17,889,298,756 | 23,181,397,070 | 9,415,865,032 | 38,865,551,464 | 42,278,317,299 | 19,500,190,362 | -1,744,333,410 | -9,630,614,218 | 36,288,436,484 | -9,198,010,553 | -35,807,204,430 |
| United States | 700,000,000 | -15,960,000,000 | 193,600,000,000 | 89,258,000,000 | 178,953,000,000 | 123,357,000,000 | 239,066,000,000 | -62,642,000,000 | 154,312,000,000 | -187,306,000,000 | -139,701,000,000 | 149,634,000,000 | 156,916,000,000 | -291,427,000,000 | 687,416,000,000 | -53,068,000,000 | 2,585,000,000 | 133,015,000,000 |
| Denmark | 0 | 2,341,217,420 | -3,005,402,545 | 8,765,936,488 | -2,250,776,406 | 4,571,351,230 | 10,054,826,061 | 6,829,978,365 | -609,235,523 | 4,993,774,407 | 4,920,964,177 | -11,183,662,777 | 4,782,241,960 | 5,249,359,536 | 7,017,347,451 | -5,969,801,973 | -7,003,044,354 | |
| Cyprus | 29,134,420 | 13,211,551 | 433,872,909 | 681,376,176 | 445,366,142 | 447,646,294 | 1,552,352,031 | 1,192,242,636 | 741,506,583 | -336,033,590 | 10,267,870,198 | 228,300,811 | -6,902,489,128 | 1,566,542,163 | 1,423,343,129 | -1,005,470,548 | ||
| Finland | 95,827,226 | 10,114,076,485 | 4,986,280,189 | -887,490,494 | -348,377,998 | 3,704,722,117 | 3,659,653,579 | 5,831,758,683 | 4,235,005,830 | 14,357,609,392 | 10,375,827,451 | 10,972,321,306 | -3,279,784,145 | 7,646,341,481 | 6,191,086,682 | 3,106,158,693 | -3,832,303,220 | |
| Greece | 1,639,899,328 | 6,291,552,284 | -1,459,783,718 | -354,450,272 | -66,396,585 | 3,134,350,087 | 11,266,425,042 | 7,002,071,002 | 553,857,882 | 494,484,199 | -173,333,991 | -43,772,713 | -690,815,478 | 2,469,399,327 | 72,075,770 | 1,649,013,632 | ||
| Norway | 644,364,690 | 1,630,209,365 | 9,381,499,533 | 2,561,332,398 | 1,852,419,826 | 628,510,938 | 3,244,585,612 | 3,213,772,789 | 4,371,155,777 | 614,140,857 | 6,104,941,431 | 999,552,902 | 4,058,192,906 | 2,460,409,074 | 11,808,676,410 | 3,812,115,292 | -3,057,763,384 | |
| Iceland | 0 | -17,713,015 | 82,707,411 | 17,715,659 | 3,101,714 | -15,491,556 | -18,828,181 | -89,604,348 | -90,793,270 | -2,472,406 | 408,182,640 | 173,776,744 | 670,336,148 | -29,210,532 | -80,576,992 | 36,175,122 | -75,796,157 | |
| Ireland | 69,606,149,130 | 93,559,705,352 | 152,312,399,789 | 85,238,242,671 | 109,212,911,811 | 99,808,746,024 | 244,834,376,505 | 201,887,140,188 | 137,404,818,134 | 316,485,812,938 | 103,092,663,741 | 284,565,141,083 | 219,020,587,658 | 339,441,354,659 | 101,639,917,280 | 165,860,971,208 | ||
| Poland | 447,000,000 | 1,331,000,000 | 7,062,000,000 | 3,110,000,000 | 3,831,000,000 | 2,796,000,000 | 3,377,000,000 | 5,413,000,000 | -2,514,000,000 | 1,468,000,000 | 957,000,000 | 346,000,000 | -3,628,000,000 | 606,000,000 | -1,247,000,000 | 706,000,000 | ||
| Portugal | 508,173,926 | 414,760,251 | 5,198,230,777 | -1,107,343,383 | -9,212,565,168 | -10,006,793,736 | -241,049,425 | 1,920,822,328 | -943,315,268 | -1,079,181,928 | 484,696,879 | -258,038,190 | -1,015,047,180 | -274,810,120 | 1,967,680,504 | 58,104,386 | 1,112,055,200 | |
| Spain | 4,308,728,381 | 20,659,486,892 | -9,576,687,028 | -3,362,792,970 | 3,872,025,019 | 9,816,272,735 | 28,699,587,396 | 28,757,096,691 | 29,723,626,669 | 1,781,568,669 | 17,417,052,255 | -14,612,657,528 | 9,208,766,225 | 12,348,277,215 | 18,139,420,372 | 2,087,086,725 | -10,624,491,399 | |
| Turkiye | 89,000,000 | 489,000,000 | 5,669,000,000 | 3,468,000,000 | -985,000,000 | 6,276,000,000 | 842,000,000 | 2,559,000,000 | -2,395,000,000 | 823,000,000 | 2,971,000,000 | -1,131,000,000 | 406,000,000 | -4,255,000,000 | -1,434,000,000 | -4,038,000,000 | 1,387,000,000 | |
| Albania | 0 | 0 | 6,866,703 | 23,346,397 | 17,988,020 | 1,699,846 | 33,948,375 | 8,986,824 | -14,741,265 | -11,706,181 | -3,119,752 | 6,989,376 | -8,044,986 | -1,336,203 | 5,838,288 | -4,191,680 | ||
| Mongolia | 1,200,000 | 680,318,545 | 6,668,568 | -13,891,272 | 51,767 | -3,209,762 | 49,867 | 3,656,234 | -10,188,032 | -6,875,283 | 7,373,071 | 6,401,960 | 16,576,871 | 2,371,339 | 12,734,931 | |||
| Bulgaria | 0 | 4,886,905 | 449,034,875 | -720,000 | -46,160,000 | 4,490,000 | -19,100,000 | -76,640,000 | -28,580,000 | -34,550,000 | -110,410,000 | 48,820,000 | -90,920,000 | -165,400,000 | -107,080,000 | 24,370,000 | -49,420,000 | |
| Hungary | 0 | -352,608,641 | 12,019,443 | -325,211,474 | 177,628,300 | 746,172,898 | 25,037,714 | -324,870,580 | 774,221,274 | -102,657,014 | -141,835,644 | 82,924,803 | 231,999,006 | -578,553,464 | -824,952,769 | -1,617,010,655 | 277,853,894 | |
| Switzerland | -1,578,653,741 | 8,776,311,351 | 3,950,905,712 | -7,166,652,505 | 7,535,939,857 | 15,065,574,415 | 3,025,033,362 | 3,406,580,718 | -13,530,117,328 | -2,886,622,031 | -39,333,328,833 | -18,492,628,177 | -2,978,605,661 | -18,580,456,929 | -5,040,305,125 | -21,629,165,694 | 9,358,357,384 | |
| France | 5,897,733,944 | 49,966,125,577 | 64,143,820,093 | -5,013,616,081 | 8,350,894,597 | 37,063,042,089 | 55,910,005,158 | 23,096,832,298 | 17,684,565,958 | 11,746,034,443 | 48,522,005,006 | -18,681,302,001 | -11,337,639,030 | 8,976,588,442 | 72,985,629,612 | -20,053,929,346 | -11,874,613,153 | |
| Estonia | -28,479,001 | -1,344,980,741 | 98,007,567 | -28,485,423 | -122,050,215 | 18,234,866 | -57,880,310 | -40,866,657 | 45,639,688 | 101,939,586 | -74,949,185 | -23,519,999 | 201,953,383 | -785,410,301 | 690,999,960 | 201,583,310 | ||
| Slovenia | 25,400,000 | 97,800,000 | 169,921,422 | 228,072,484 | 148,169,760 | 164,937,449 | 122,812,305 | 58,310,936 | 52,443,734 | 43,386,421 | 614,657,694 | 93,438,569 | -8,954,623 | -21,768,803 | -35,435,565 | -7,760,162 | ||
| Croatia | -89,305 | 112,880,374 | 181,792,542 | 4,047,720 | -149,034,469 | -59,235,455 | -47,806,976 | 11,303,148 | 11,559,780 | 34,017,916 | 12,391,638 | -27,020,602 | -147,810,573 | -8,042,691 | -32,613,322 | -20,217,534 | ||
| Armenia | 399,514 | 130,163 | 7,411,841 | 2,633,137 | 2,295,373 | -1,829,249 | 684,242 | 4,009,277 | 3,566,124 | -3,248,232 | 469,198 | -4,603,316 | 593,324 | 2,353,846 | 3,250,677 | 801,437 | ||
| Czechia | 619,227,882 | -1,540,404,348 | -231,446,454 | -1,719,212 | -148,254,158 | 106,353,419 | 270,186,911 | 181,276,959 | 392,219,691 | 855,814,499 | 110,292,068 | -105,190,674 | 140,988,592 | -47,646,162 | -137,277,763 | 991,665,706 | ||
| North Macedonia | 53,820,725 | -4,035,418 | -8,118,862 | -6,447,659 | -687,297 | -4,025,007 | -9,373,844 | -7,621,115 | -12,044,516 | -33,699,363 | -15,607,318 | -8,385,957 | -1,722,106 | 2,193,714 | -375,669 | |||
| Latvia | -5,164,510 | 12,132,789 | 20,443,030 | 38,355,421 | 3,948,255 | 47,312,997 | 54,652,445 | 89,150,009 | -39,231,398 | 39,528,116 | -802,853 | 27,380,149 | 10,706,384 | 25,354,844 | -43,280,066 | -8,724,514 | ||
| Lithuania | 121,547,500 | 143,983,316 | 36,554,325 | 8,739,713 | -52,938,713 | -14,565,494 | 16,345,554 | -44,117,708 | 52,970,470 | 32,248,531 | -9,901,622 | -19,553,750 | 430,846,388 | -56,996,145 | -12,551,025 | -8,304,808 | ||
| Russian Federation | 150,200,000 | -163,270,000 | -4,885,280,000 | -9,795,690,000 | 1,162,400,000 | -7,625,040,000 | -12,966,280,000 | -5,538,270,000 | -1,788,020,000 | -7,939,870,000 | -4,163,860,000 | -4,320,080,000 | -14,794,120,000 | -11,035,620,000 | -16,519,413,829 | -2,427,182,696 | ||
| Moldova | 2,910,000 | 600,000 | 5,840,000 | 5,070,000 | 14,360,000 | 3,040,000 | 5,620,000 | 3,960,000 | -30,000 | -10,000 | -1,310,000 | 40,000 | 350,000 | -2,390,000 | 250,000 | -1,280,000 | ||
| Slovak Republic | -52,923,440 | 176,150,394 | -9,254,225 | 94,494,858 | 176,426 | 85,679,553 | 17,736,086 | 67,945,237 | -38,254,160 | 147,909,732 | 19,035,259 | 108,998,900 | -68,329,232 | 0 | 0 | 0 | ||
| Belarus | 500,000 | 600,000 | 700,000 | -100,000 | -3,500,000 | 2,000,000 | 5,300,000 | 4,500,000 | -300,000 | 6,400,000 | 3,700,000 | 6,600,000 | 900,000 | -3,502,129 | -272,514 | -422,337 | ||
| Georgia | 0 | 2,500,000 | -22,020,531 | -7,182,776 | 73,576,360 | 1,312,866 | 209,590,687 | 4,851,886 | -3,578,495 | -1,986,242 | 4,453,498 | -6,022,709 | 1,058,269 | 1,900,115 | 2,285,928 | 2,496,093 | ||
| Kyrgyz Republic | 0 | -36,077 | -18,164,700 | 5,473,400 | 9,100 | -1,609,900 | 6,900 | 139,100 | -1,240,700 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Ukraine | 146,000,000 | 82,000,000 | 290,000,000 | 519,000,000 | 516,000,000 | 1,180,000,000 | -391,000,000 | 177,000,000 | 69,000,000 | 110,000,000 | -9,000,000 | 49,000,000 | 173,000,000 | -73,000,000 | -11,000,000 | 2,000,000 | ||
| Azerbaijan | 0 | 626,000 | 60,000 | 41,000 | 29,847,000 | 10,412,000 | 24,495,000 | 0 | 0 | 12,000 | 19,457,000 | 74,869,000 | 117,396,000 | 4,619,000 | -1,197,000 | |||
| Belgium | 5,707,370,223 | -3,865,093,507 | -4,897,723,146 | 3,686,423,727 | 7,675,155,752 | 8,256,209,387 | 7,756,070,853 | -12,389,973,792 | 10,862,177,006 | -4,392,936,058 | 5,732,298,106 | 8,491,695,536 | 15,989,285,883 | -482,145,738 | 342,091,630 | |||
| Kazakhstan | 19,301,390 | 149,735,214 | 133,946,835 | 7,902,717 | -418,199,016 | 65,417,693 | -135,227,879 | 5,749,105 | -26,241,072 | 23,773,408 | -1,517,713,952 | 482,217,167 | 899,882,885 | 116,299,676 | 126,142,192 | 313,986,051 | ||
| Luxembourg | 275,421,531,680 | 218,675,346,722 | 39,812,106,594 | 172,627,327,708 | 255,168,108,475 | 390,226,532,551 | 340,188,355,812 | 156,309,606,131 | 403,599,212,665 | 248,716,394,800 | 279,751,178,342 | 312,055,407,503 | 683,605,804,337 | -33,672,609,056 | 97,125,155,424 | |||
| Tajikistan | 0 | 6,509,450 | 47,010 | -341,880 | 51,390 | 1,368,020 | 44,350 | 47,470 | 0 | 1,330 | -73,403,580 | 464,280 | 348,960 | 217,260 | -1,298,310 | |||
| Bosnia and Herzegovina | 0 | 0 | 56,386 | -826,829 | -5,702,462 | 2,244,586 | 2,647,786 | 4,921,917 | -2,042,787 | 890,537 | 3,641,494 | -5,574,294 | -8,635,845 | -1,459,129 | ||||
| Montenegro | -7,837,227 | -15,102,198 | -308,220 | 14,168,638 | 16,163,986 | 10,429,716 | 16,990,887 | 14,083,194 | -313,663 | 3,240,767 | -713,429 | -26,572,750 | -129,633 | 9,624,565 | ||||
| Serbia | 84,429,250 | 69,354,682 | -23,873,824 | -40,785,008 | -21,637,100 | -90,084,036 | -14,037,698 | -6,517,478 | -27,714,608 | -64,362,165 | -10,289,175 | -4,462,930 | -2,888,176 | 6,474,047 | ||||
| Uzbekistan | 3,898,752 | 646,334 | 5,709,016 | 721,964 | 1,304,676 | 1,671,082 | 601,406 | 2,042,852 | 3,149,642 | 13,020,592 | 29,197,412 | 32,469,054 | 15,999,858 | 25,573,930 | 23,154,516 | |||
| Andorra | -26,408,075 | 7,664,529 | -12,478,582 | -47,008,178 | 48,885,189 | |||||||||||||
| San Marino | -650,888 | 2,936,958 | -9,193,605 | -1,073,797 | -2,046,183 | 5,478,972 |