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North Rhine-Westphalia is number one in Germany in terms of foreign capital: With 28.4 percent (EUR 184.6 billion), the state accounted for the highest share of all 16 federal states in terms of direct investments in Germany (EUR 650.7 billion) at the end of 2009. NRW is particularly attractive for financial investors.
Foreign direct investments in Germany 2009 (in EUR billion)
Source: Deutsche Bundesbank 5/2011, position: end of 2009
Yet even without pure financial investment, NRW is still by far the most important investment location in Germany. This is shown by the rankings for direct investments, excluding purely financial investments, with NRW currently running to EUR 132.2 million, equivalent to a national share of 28.8 percent.
If Luxembourg is disregarded on the grounds of its special status as a tax haven, then the Netherlands the biggest investor in North Rhine-Westphalia, accounting for 21.2 percent of the direct investment volume in the state, followed by France (9.7 %) and the USA (7.5 %).
The biggest foreign investor countries in NRW in 2009 (in EUR billion)
Source: Deutsche Bundesbank 5/2011, as of end of 2009, special case Luxemburg: mainly financial investments
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