This paper aims to identify the determinants of outward foreign direct investment in eight countries in Asia region, namely, Malaysia, Singapore, China, Hong Kong, India, Taiwan, Thailand and South Korea. Five main macroeconomics variables were identified influencing the rate of outward FDI in these countries. The factors are inward investment, employment, Gross Domestic Product (GDP), technology advancement and exchange rate. The study was based on the secondary data collected from World Bank data and United Nation (UNCTAD) data, comprising 15 years from 2000 to 2014. Being quantitative in nature, the data were regressed in Ordinary Least Square (OLS) tests using Stata. The results of the study showed that all macroeconomics variables are significant except employment factor.