Page 20 - GEORptApr19

5.1.4 Gross international reserves
Gross international reserves in Georgia amounted to USD3,289.82mn in December 2018, up from USD3,152.59mn in September, according to the National Bank of Georgia. Of which, foreign currency reserves made up the majority at USD3,089.07mn in December.
5.2 FDI
Georgia - FDI 2011 2012 2013 2014 2015 2016 2017 2018 2018 2018 2018 Q1 Q2 Q3 Q4
FDI ($ mn)
1,130.3 1,022.9 1,020.6 1,817.9 1,652.5 1,565.8 1,894.5 300.1 390.4 344.7 197.1
FDI (% of GDP)
7.51 5.25 5.93 10.84 11.89 11.27 11.88 7.5
Source: Geostat, CEIC
FDI in Georgia down 35% y/y in 2018
Foreign direct investment (FDI) in Georgia decreased by 35% y/y to to $1.232bn in 2018, statistics office Geostat has announced . The figure is 23% below the average FDI seen in the previous five-year period.
The FDI-to-GDP ratio remained, however, robust at some 7.5% in 2018.
The main reasons for the decline in FDI included the completion of a pipeline
20 GEORGIA Country Report April 2019 www.intellinews.com