In 1999 for example, direct foreign investment was 50% higher than in 1998 and though we do not yet have figures for 2000, I am sure it has risen strongly again. But while this growth rate sounds spectacular, it is from a very low base. Direct foreign investment into BH in 1999 is estimated to have been KM 170 million.
The current account deficit for that year was KM 1.4 billion. So private foreign investment financed just 12% of the current account deficit in that year.