According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investment (FDI) in Iran hit a new record in 2010 and surpassed 3.6 billion dollars despite sanctions imposed on the Islamic Republic. The EIU estimates that Iran's net FDI flow will rise by 100 per cent within the next four years (2010–14). The Economist estimates that FDI (net inflow) in Iran was $1.4 billion in 2011 (equivalent to 0.3% of GDP) down from $3.2 billion in 2010. The report forecasts this figure for 2012 to fall to $1.25 billion, but increase again for the next 3 years and to reach $1.8 billion in 2015. The Government of Iran says "planned" FDI in 2011 was $4.3 billion and planned FDI will reach $8–10 billion in 2012–13. However, UNCTAD later reported that FDI "inflow" in Iran was $3.05 billion in 2013, while Iran's FDI in other countries (i.e. "outflow" FDI) was $380 million.