צילום: Reuters // Foreigners are backing up their belief in Israel's economy

Foreign investment in Israel totaled $74 billion in 2012

Investments in Israeli companies from abroad grew 14.5% compared to 2011 and 40.7% since 2010 • Initial figures for 2013 show that foreign investment has grown by an additional $1 billion.

Foreigners believe in the Israeli economy, and are putting their money where their mouth is: Foreign investment in Israeli companies in 2012 totaled $74.4 billion, data published Wednesday by the Central Bureau of Statistics shows.

According to the CBS numbers, the amount of foreign investment in Israel in 2012 represented a 14.5% increase over the $65 billion of foreign investment in 2011, and a 40.7% increase from 2010, which saw foreign investment of some $60 billion.

Initial figures for 2013 indicate that foreign investment in Israeli companies continued to grow by some $1 billion.

Direct investment by Israeli citizens in foreign companies comprised $73.9 billion in 2012, a 4.4% increase over 2011 and 7.3% more than in 2010.

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