*Source for Host Country Data: Bank of Albania (http://www.bankofalbania.org/)

*Source: BiH Statistics Agency

According to the BiH Central Bank preliminary data for 2020, FDI inflow in Bosnia and Herzegovina decreased by 34% comparing to the same period of 2019 and amounted to USD 299 million. The all-time high for FDI was USD 2.1 billion in 2007.  Most investments in 2014-2020 came from Croatia, Austria, Russia, Serbia, The Netherlands, UAE, and the United Kingdom.

Table 4: Sources of Portfolio Investment
Data not available.

* GDP for 2019  and FDI at www.hnb.hr. Note:  U.S. Bureau of Economic Analysis (BEA) does not have GDP or FDI data available for 2020 at time of publishing. 2018 is the last available date for Host Country FDI in the U.S.

*FDI at www.hnb.hr

Table 4: Sources of Portfolio Investment
Data not available.

* Source for Host Country Data: Central Bank of Kosovo, 2020.  https://bqk-kos.org/

*Data from the CBK is generally consistent with the IMF data.

Table 4: Sources of Portfolio Investment
Data not available.

* Source for Host Country Data: State Statistical Office (SSO) publishes data estimates on GDP; National Bank of the Republic of North Macedonia (NBRNM) publishes data on FDI. Data is publicly available online and is published immediately upon processing with a lag of less than one quarter. End-year data for previous year is usually published in March of current year.

The results from the International Monetary Fund (IMF) are consistent with host country data. Sources of portfolio investments are not tax havens.

*Source of GDP data: Ministry of Finance of the Republic of Serbia at https://www.mfin.gov.rs/wp-content/uploads/2021/01/Tabela-1-Osnovni-makroekonomski-indikatori-2020.xlsx.

*Source of FDI data: National Bank of Serbia (NBS) at https://www.nbs.rs/export/sites/NBS_site/documents/statistika/ino_ekonomski_odnosi/platni_bilans/fdi_po_zemljama_20.xls.

Source for Host Country Data:

NBS data on FDI significantly differ from U.S. data. The NBS calculates FDI according to the country from which the investment arrives, rather than by the ownership of the investing company. Frequently, U.S. investments in Serbia are carried out through subsidiaries of U.S. companies located in another European country. If a U.S. company invests in Serbia through a Dutch subsidiary, for example, the NBS records the investment as coming from the Netherlands rather than from the United States.

Table 4: Sources of Portfolio Investment

Data not available.

*Bank of Slovenia; published in November 2020

N.B.: The Bank of Slovenia (BoS), in its official data, lists U.S. FDI at approximately EUR 172 million in 2019, or 1.1 percent of total inward FDI. However, this amount does not reflect significant investments by U.S. firms not listed as U.S. in origin by the BoS, as U.S. funds are often routed through third-country subsidiaries. In 2017, the BoS began reporting FDI according to the ultimate investing country or originating country of capital. It estimated that USD 1.78 billion (EUR 1.48 billion euros) or 9.3 percent of Slovenia’s total FDI originated in the United States in 2019, putting the United States behind Austria, Germany, and Italy as a source of foreign investment in Slovenia.

Source: IMF’s Coordinated Direct Investment Survey (2019) CDIS Table 1: Direct Investment Positions (Inward and Outward) – IMF Data

Comment: IMF data are consistent with Bank of Slovenia data.

Note: The Bank of Slovenia has made an additional breakdown of inward FDI according to the ultimate source of capital. It shows that Germany, the United States, Japan, the Russian Federation, and Mexico are all much more important investor countries in Slovenia than is suggested by the breakdown by the immediate partner country. The U.S. ranks fourth with 1.48 billion euros (USD 1.78 billion) in 2019.

Source: IMF’s Coordinated Direct Investment Survey   Table 1: Reported Portfolio Investment Assets by Economy of Nonresident Issuer – IMF Data