Newsletter March,2022,03

MARCH

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Greece sets new record in attracting Foreign Direct Investment

Greece welcomed an impressive 72.3% increase in Foreign Direct Investment last year, setting a new record and underscoring the country’s growing attractiveness to foreign investors.


According to provisional data from the Bank of Greece, net inflows of FDI to Greece amounted to €4.85 billion in 2021, compared with €2.81 billion in 2020. This represents a new record, marking the highest net inflow of FDI since 2002, and confirming the positive outlook for the Greek economy.

Net FDI inflows last year were also 8.1% higher than in 2019 − the year before the onset of the coronavirus − which was also a record year, with Greece attracting €4.48 billion of FDI.

Over the last 10 years, Switzerland, Cyprus and Germany were the main sources of investment activity in Greece, followed by France and the Netherlands, the data showed. In recent years, FDI inflows from China, including Hong Kong, have increased significantly, while Luxembourg, Canada, the U.S., and the UK are also among the top 10 countries of origin.

Under Greece’s recently released National Strategy for Extroversion, the government aims to double FDI into Greece to 4% of GDP by 2023.