Georgia enjoys more Foreign Direct Investments
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The number of Foreign Direct Investments (FDI) in Georgia has reached a five-year high.
Preliminary data released by Geostat, the National Statistics Office of Georgia, noted the number of FDIs in Georgia at the end of 2014 amounted to $1.27 billion USD. This was a 39 percent increase on the same data of 2013.
Geostat figures revealed this was a five-year high; where in 2013 FDI’s amounted to $942 million, in 2012 FDIs reached $912 million, in 2011 FDIs reached 1.1 billion and in 2010 FDIs amounted to $814 million.
Meanwhile 21 percent ($266 million) of the total $1.27 billion of FDIs were reinvestments, stated Geostat.
There were four countries who invested heavily in Georgia in 2014. These countries were the Netherlands, who invested $331 million in Georgia, Azerbaijan with $302 million, China with $195 million and the United Kingdom with $114 million.
In this respect the Netherlands’ investment made up 26 percent of Georgia’s total FDIs. Azerbaijan’s investment was 24 percent, China’s contribution was 15 percent and the United Kingdom’s investment was nine percent.
Other major investor countries in 2014 were:
- Luxembourg – $85 million;
- USA – $80 million;
- Turkey – $67 million;
- Russia – $66 million;
- Panama - $61 million and
- Malta - $38 million.
Meanwhile, most FDIs were evident in the transport and communication sector, noted Geostat. Last year this sector generated $343 million in FDIs. This was significantly higher than the amount generated in 2013.
In comparison to the past five years, FDIs in this sector reached $140 million in 2013, $73 million in 2012, $127 million in 2011 and $215 million in 2010.
Georgia’s construction sector generated the second highest value of FDIs last year – with $295 million GEL. The third sector was manufacturing, which enjoyed $174 million in FDIs.
In total, the transport and communications sector, the construction sector and the manufacturing sector generated 64 percent of all FDIs in 2014.
In terms of quarterly data, Geostat figures showed FDIs in Georgia amounted to $349 million in Q4 (fourth quarter) 2014 – up 61 percent from the same data of Q4 2013.
In Q4 2014, Azerbaijan invested the most in Georgia ($84 million) followed by the Netherlands ($67 million) and the United Kingdom ($66 million).
Geostat noted the adjusted data will be published in mid-August.
The National Statistics Office of Georgia, Geostat, noted at the end of 2014, about 25 percent more women were employed in the country’s trade sector than in the same time of 2013. Female employment numbers were also higher in health and social work, real estate and education.
The Georgian business sector is on an upward trend thanks to more people getting involved in the workforce, combined with an increase in fishing, mining, agriculture and construction activities, latest statistics reveal.
China and Israel’s largest companies are planning to invest more than a billion USD in Georgia, said Prime Minister Irakli Garibashvili after meeting with the foreign investors today.
In the first two months of the year, Georgia’s External Merchandise Trade (excluding non-organised trade) amounted to $1.4 billion USD. This was a nine percent drop when compared to the same figures of 2013.
Georgia’s market economy is continuing to maintain sustainable growth, reveals the National Statistics Office of Georgia.
A trade mission from the Netherlands is coming to Georgia to strengthen existing trade and economic relations between the two countries.
Georgia’s market economy is growing at a sustainable rate, reveals the National Statistics Office of Georgia.
The first part of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) experience a slight downward trend in comparison to 2014, claims Geostat.
Georgia is increasing its trading powers with European markets, meaning more Georgian products are being enjoyed by consumers in Europe and possibly further abroad.
A business conference about Georgia’s new trade opportunities with the European Union (EU) was held today in Brussels, Belgium.
Georgia’s Gross Domestic Product (GDP) experienced an average real growth of 3.2 percent in the first three months of the year, says the country’s National Statistics Office (Geostat).
The first part of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) experience a slight downward trend in comparison to 2014, claims the National Statistics Office of Georgia (Geostat).
The value of Georgia’s exports and imports (External Merchandise Trade) experienced a slight downward trend in the first four months of 2015 in comparison to 2014, claims preliminary data published by the National Statistics Office of Georgia (Geostat).
Georgia is continuing to receive financial support through Foreign Direct Investments (FDI) however the amount of support is decreasing.
In the first nine months of 2015 the total value of Foreign Direct Investments (FDI) amounted to $1.019 billion USD.
Georgia attracted $1.3 million USD in Foreign Direct Investments (FDIs) in 2015.
Georgia enjoyed a record number of Foreign Direct Investments (FDIs) in the first quarter (Q1) of 2017.