2020-03-10
✅ Foreign Direct Investments (FDI) in Q4 of 2019 amounted 347.0 MLN USD in Georgia, which is twice higher (by +102.9%) compared to the respective indicator in Q4 of 2018. FDI in 2019 reached 1267.7 MLN USD in Georgia, which is by 2.5 MLN USD higher compared to the previous year.
✅ It is worth noting that according to the annualized data, re investments as a share of total foreign investments amounted 48.3% in 2019. Volume of re investments in 2019 increased by 40.1 % and reached 612.5 MLN USD. Re investments in Q4 of 2019 increased 7 times and more.
✅ Sharp increase of re investments in the total volume of foreign investments indicates at the attractive investment climate and growing economy in the country.
► Large investments were made from the following countries in 2019:
247.8 MLN USD has been invested from the United Kingdom (UK), which is 19. 5% of total foreign investments;
236.5 MLN USD has been invested from Turkey, which is 18.7% of total foreign investments;
132.7 MLN USD has been invested from Ireland, which is 10.5% of total foreign investments;
99 MLN USD has been invested from the USA, which is 7.8% of total foreign investments.
✅ Large foreign investments were made in the following sectors of economy in 2019:
► Financial Sector - 20.6%
► Energy - 15.3%
► Hotels and Restaurants - 12.4%
► Construction - 9.3%
► Processing Industry - 8.1%
► Transport - 5.6%
► Mining Industry - 5.4%
► Telecommunications - 3.6%
► Other Sectors - 19.6%
✅ Increased indicator of investments in Q4 predominantly evidences economic growth and confirms the unwavering nature of high economic growth. It is worth noting that actual economic growth indicator exceeded projections and reached 5.2% in 2019.
✅ Government of Georgia is implementing a number of programs in support of production and facilitates attraction of investments.