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 …