FDI was USD 1 267.7 million in 2019 in Georgia, up 0.2 percent y/y

According to the preliminary data, the foreign direct investments (FDI) in Georgia amounted to USD 1 267.7 million in 2019, up 0.2 percent from the same period of the previous year, the Georgian National Statistics Office (Geostat) said on March 10.

According to Geostat, the share of reinvestment in the 2019 is 48.3 percent of total FDI.

The shares of major foreign direct investor countries in FDI stand as follows: The United Kingdom (19.5 percent), Turkey (18.7 percent) and Ireland (10.5 percent) (preliminary data), up 0.2 percent from the same period of the previous year.

The share of three major economic sectors in FDI reached 48.4 percent in 2019. The largest share of FDI was registered in the financial sector, totaling USD 261.8 million. The energy sector was the second with USD 193.9 million, followed by the hotels and restaurants sector with USD 157.5 million.

According to the preliminary data, foreign direct investments (FDI) in Georgia amounted to USD 347.0 million in Q4 2019, two times higher compared to the same period of previous year.

The share of FDI by three major economic sectors reached 66.1 percent in Q4 2019.The largest share of FDI was registered in the financial sector, reaching USD 138.1 million in Q4 2019, the construction sector was the second with USD 49.6 million, followed by the real estate sector with USD 41.6 million.

The statistical data will be revised according to Geostat’s revision policy (based on the regular revision principle) as a result of adjusting data by respondents/administrative sources. Since March 2018 (according to the IMF recommendations), Geostat has started compilation and dissemination position data for FDI in an integrated format, which allows surveyed economic units to provide Geostat with the adjusted information on a regular basis. Geostat uses this opportunity to update respectively statistical information in regards to ensure high quality of statistical data. Adjusted data will be published on 17 August, 2020 that may affect some changes in the existing dynamic sets.