Likewise, on the liabilities side, the United Kingdom and the United States account for a larger share than on the assets side (nearly 40% and 23.5%, respectively). I should also stress that the amount of euro area FDI in emerging market economies rose quickly.
Between 1999 and 2005, outward FDI from the euro area to the so-called BRIC group – which includes Brazil, Russia, India and China – increased markedly. Over this period, the stock of outward FDI in the BRIC group rose from € billion to € billion (or by 111%).