FDI declined 36% last year

After 2022, the record year for foreign direct investments in Greece, FDI nosedived in 2023 following the global trend of FDI reduction, its main causes being the economic recession and geopolitical tensions, as well as the high cost of money.

According to the World Investment Report of the UN Trade and Development Organization (UNCTAD), published on Thursday, the total amount of FDI in Greece amounted to $5.43 billion in 2023 against $8.45 billion in 2022. Despite this decline, the 2023 performance is higher than 2019 and among the highest of all time. In total, in the period 2019-2023, the value of FDI amounted to $28.44 billion.

Apart from the fact that overall FDI in Greece fell by around 36% in 2023 compared to 2022, the rather more troubling element, as shown by the relevant data from the Bank of Greece, is that the majority of FDI, almost 28%, concerns the real...