Page 25 - GEORptApr20

$777mn. The volume of direct investments also decreased, as major transport projects were completed—but FDI still remains larger than the CA gap: $129mn in Q2 (down 56% y/y) and $786mn (down 48% y/y) in the rolling 12 months ending June. The figures are not much larger than the CA gap, but a coverage ratio of over 100% is plainly robust.
Gross international reserves in Georgia amounted to USD3,438.09mn as of February 2020, ​down from USD3,505.79mn in December and USD3,602.77mn in September, according to the National Bank of Georgia. Of which, foreign currency reserves made up the majority at USD3,241.05mn in February.
5.2​ FDI
Georgia - FDI 2012 2013 2014 2015 2016 2017 2018 2019
FDI ($ mn)
1,022.9 1,039.2 1,813.7 1,729.1 1,650.3 1,962.6 1,265.2 1,268
FDI (% of GDP)
5.25 5.93 10.84 11.89 11.27 11.88 7.5 7
Source: Geostat, CEIC
FDI in Georgia steady at 7% of GDP in 2019
The volume of FDI inflows into Georgia amounted to $1.268bn (roughly 7% of GDP) in 2019, edging up 0.2% y/y, preliminary data published by statistics office Geostat shows.
In Adjara, the volume increased 174% y/y to $207mn. Adjara lies on the Black Sea coast close to Turkey and is home to Batumi port. Most FDI went to the Tbilisi area, which drew $820mn.
The three largest countries of origin for the FDI in Georgia accounted for 48.7% of it. The UK topped the list with 19.5%, followed by Turkey (18.7%) and Ireland (10.5%).
The three sectors of the economy that received the strongest FDI inflows accounted for 48.4% of total FDI. Financial sector FDI amounted to $262mn, or 20.6% of the total. The energy sector attracted $194mn and the hotel and restaurant sector received the third largest volume, namely $158mn.
Q4 FDI in Georgia was $347mn, more than double the amount seen in the
25​ GEORGIA Country Report ​April 2020 ​ ​www.intellinews.com