In 2008, EU27 FDI (foreign direct investment) in extra-EU27 countries (outflows) fell by 28%, from 496 billion euro in 2007 to 354 bn in 2008, while FDI into the EU27 from the rest of the world (inflows) decreased by 57%, from 400 bn to 173 bn. In 2008, intra-EU27 FDI flows dropped by 42% compared with 2007.