Page 28 - GEORptAug20

5.2​ FDI
Georgia - FDI 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1
FDI ($ mn)
1,022.9 1,039.2 1,813.7 1,729.1 1,650.3 1,962.6 1,265.2 1,267.7 165.4
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 fourth quarter of 2018. The UK ranked first at 36.1% of the volume, Turkey followed with 22.2% and the Netherlands was next with 13.9%.
28​ GEORGIA Country Report ​August 2020 ​ ​www.intellinews.com