Official statistics show 18.3% decrease in FDI in 2012

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National Statistics Office of Georgia (Geostat) has published verified data on foreign direct investment (FDI) in Georgia. According to the Geostat, the FDI decreased by 18.3% in 2012, as compared to the previous year, and made up USD 912 million. This verified figure exceeds the corresponding data published by the Geostat in March 2013, showing the FDI of USD 865.2 million back then.

According to the Geostat, in the first quarter of 2012, the FDI comprised USD 261 million; in the second quarter of the same year it was at USD 218 million, whilst in the third quarter it decreased to USD 199 million. The fourth quarter of 2012 saw the increase in the FDI to USD 234 million. The largest investment was made in the energy sector, comprising USD 179.4 million. The second largest sector by FDI was industry at USD 167.9 million and the third largest was the financial sector, at USD 162.6 million. According to the Geostat, FDI also went to the spheres of transport and communications (USD 72.8 million), construction (USD 41.8 million), immovable property (USD 40.1 million), hotels and restaurants (USD 17.7 million), health care (USD 17.6 million), agriculture (USD 16.1 million) and mining industry (USD 4.9 million).

The official statistics show that the largest foreign investor in 2012 was Germany with the total investments at USD 138.8 million, followed by the UK (USD 93.6 million), Turkey (USD 81.1 million), Azerbaijan (USD 59 million), Luxemburg (USD 42 million), Saudi Arabia (USD 39.5 million), Cyprus (USD 38.7 million), China (USD 36.1 million) and the Netherlands (USD 35.4 million).

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