Baku, Azerbaijan, June 25
By Dalga Khatinoglu - Trend:
The UN body says Iran has attracted $2.1billion foreign direct investment in 2014.
The United Nations Conference on Trade and Development (UNCTAD) released a report on June 25, saying that attracted foreign direct investment (FDI) in 2014 indicate a 31 percent decrease year-to-year.
According to the report, Iran's attracted FDI in 2012 was $4.662, but dropped by 34 percent in 2013 to $3.05 billion.
FDI outflows from Iran also increased by more than three times to $600 million last year. The figure in 2012 was $1.441 billion.
In total, Iran's FDI inflows reached $20.727 billion, while FDI outflows stood at $2.683 from 2009 to 2014.
FDI stock in Iran reached $43.047 billion in 2014, while this figure in 2000 and 1990 was $2.597 billion and $2.039 billion.
Following recent lackluster growth in the global economy, UNCTAD's report shows that FDI inflows in 2014 declined 16 per cent to $1.2 trillion. "However, recovery is in sight in 2015 and beyond. FDI flows today account for more than 40 per cent of external development finance to developing and transition economies," the report says.
Edited by CN