Foreign direct investment down 68% in Lebanon

Figures mark the second highest decline among emerging markets
Foreign direct investment down 68% in Lebanon
By Massoud A. Derhally
Sun 17 Mar 2013 12:45 PM

Foreign direct investment in Lebanon plunged by 68 percent in 2012 compared with the previous year, the second highest decline among emerging markets, according to data from the Institute of International Finance.

FDI in Lebanon declined to $1.1bn in 2012 from about 3.5 percent the previous year, according to the IIF. FDI inflows accounted for about 2.7 percent of the country's gross domestic product.

Foreign investment in Lebanon accounted for 0.2 percent of total FDI in 30 emerging markets and about 2.8 percent of to seven countries in the Middle East and Africa region.

Saudi Arabia was the largest recipient of FDI last year in the region attracting $17bn, while China was the largest among emerging market economies with $205bn in inflows.

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