Volume of foreign direct investment to Georgia up
BAKU, Azerbaijan, March 10
By Tamilla Mammadova – Trend:
The volume of foreign direct investment (FDI) to Georgia amounted to $1.3 billion in 2019, which is 0.2 percent more than in 2018, Trend reports with reference to the Georgian National Statistical Service (Geostat).
As reported, the share of reinvestments in the total investment volume amounted to 48 percent or $612.5 million.
In 2019, the United Kingdom ($247.8 million), Turkey ($236 million) and Ireland ($132 million) were among the top three in terms of investments made to Georgia.
The list of countries that made investments to Georgia last year, also included the US - $99 million, Panama - $78.1 million, the Netherlands - $52.9 million, Russia - $50.5 million, China - $40.4 million, Japan - $39.2 million, while investments by other countries amounted to $290.5 million.
The largest volume of foreign direct investment was made in the financial sector and it amounted to $261.8 million (20.6 percent of the total FDI).
The energy sector was on the second place - $193.9 million, and the hotel and restaurant sector was third - $157.5 million.
According to Geostat, in the fourth quarter of 2019, FDI to Georgia amounted to $347 million, two times higher compared to the same period of previous year.
In the fourth quarter of 2019, the largest foreign direct investments were made from the UK (36.1 percent of the total investment), Turkey (22.2 percent) and the Netherlands (13.9 percent).
The share of FDI by three major economic sectors reached 66.1 percent in the fourth quarter. The largest share of FDI was registered in the financial sector ($138.1 million), the construction sector ($49.6 million) and the real estate sector ($41.6 million).
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