11.Jun.2019 13:52
Economy

FDI Dropped by 6% in First Quarter of 2019

FDI Dropped by 6% in First Quarter of 2019
Foreign direct investments (FDI) in Georgia amounted to USD 281.1 million in Q1 2019 (preliminary data), down 6.3 percent from the preliminary data of Q1 2018. The main reasons for decreasing the FDI included completion of a pipeline project and transferring of ownership in some companies from non-resident to a resident units. The chart below shows dynamics of FDI during 2017-2019.

These are the top three sectors that enjoyed 75.1 per cent of all foreign direct investments (FDIs) that Georgia attracted in the first quarter (Q1) of 2019.
  • Social and personal service activities: $139.8 million
  • Financial sector: $42.7 million
  • Transport: $28.6 million
The top three countries that invested the most in Georgia in Q1 of 2019 were:
  • Ireland (47.4 per cent)
  • United Kingdom (15.1 per cent) 
  • United States (8 per cent)
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 of 2018 will be published on 15 August of 2019 and adjusted data for 2019 - on 15 August, 2020, that may affect some changes in the existing dynamic sets.

Source - Geostat.ge



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