The British Virgin Islands got more foreign direct investment last year than the major emerging economies of India and Brazil combined, a United Nations survey said on Tuesday.
The Caribbean archipelago, a tax haven otherwise dependent on tourism, has jumped up the league table of top investment destinations in the past five years. It welcomed $92 billion of foreign cash in 2013, according to preliminary figures compiled by the U.N. trade and economy thinktank UNCTAD.
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That was the fourth biggest haul of investment globally. The world's biggest economy, United States, attracted $159 billion.
China, the world's second biggest economy, got $127 billion, while major oil and metals producer Russia took in just $2 billion more than the British Virgin Islands.