Foreign direct
investment (FDI) in Israel dropped by nearly 50% in 2014 compared to
2013 according to a report by the The United Nations Conference on Trade and Development (UNCTAD), which tracks changes in global foreign direct
investment worldwide. The report contains one very glum statistic; in
2014 $6.4 billion were invested in Israel, whereas in 2013 $11.8 billion
were invested - a decline of about 46%.
The 2014 figure appears to be the lowest in more than a decade. Foreign
direct investment into Israel averaged around $9 billion per year from
2005 to 2012.
"We believe that what led to the drop in investment in Israel are
Operation Protective Edge and the boycotts Israel is facing," Dr.
Roni
Manos of the College of Management and one of the authors of the
report's summary told Ynet. In line with global trends, FDI fell in other regional countries,
but nowhere near as sharply as in Israel. FDI fell 1.7 percent in
Turkey, 6.8 percent in Iraq, 4 percent in the United Arab Emirates and
9.6 percent in Saudi Arabia. But it actually rose by 6.6 percent in
Lebanon.
Iran, which has been under brutal international sanctions, saw inward investment decline by about a third to just over $2 billion.
Moreover, Israeli FDI
investments abroad also decreased from $4.67 billion in 2013 to $3.97
billion, a decrease of 15%. These figures are significantly lower than
the corresponding figures from 2007 to 2005, before the outbreak of the
financial crisis in 2008.
No comments:
Post a Comment