Historic maxima of the direct foreign investment volume was recorded in Georgia in 2017. According to the GEOSTAT, the DFI volume in 2017 equaled to 1861.9 million USD, which is an increase by 16.2% (259.1 million USD) compared to the previous year.
The First Vice Prime Minister of Georgia, the Minister of Economy and Sustainable Development Dimitry Kumsishvili stated that this indicator is the historic maxima in terms of implemented DFI. Highest previous indicator was recorded in 2014 when the DFI volume reached 1818 million USD, which is 44 million USD (or 2.4%) less than the figure of 2017.
According to GEOSTAT, the DFI volume in the fourth quarter of 2017 amounted to 497.4 million USD, which is by 89.1% (234.3 million USD) higher figure compared to the same period of the previous year.
In 2017, the DFI volume was dramatically increased in the construction sector (by 114% or 156.9 million USD) and amounted to 294.6 million USD. The DFI in financial sector was increased by 98% (150.4 million USD) and equaled to 304.3 million USD, while in the energy sector the increase totaled to 61% (71.5 million USD) and amounted to 188.6 million USD.
Significant increase in DFI was also recorded in the real estate as well as the hotels and restaurants sectors. Investment growth in the real estate sector was 68% (64.6 million USD), while in the hotels and restaurants the increase reached 58% (33.1 million USD). The volume of investments in these sectors amounted to 159.8 million USD and 90.0 million USD respectively.
It should be noted that the volume of investments is increasing in the real sectors of the economy, including such sectors as agriculture, mining industry, processing industry, energy and construction. The volume of investments in the real sector increased by 39.3% (173.6 million USD) and amounted to 615.5 million USD.
According to the First Vice Prime Minister of Georgia, Dimitry Kumsishvili, the increasing investments in the certain sectors of economy promotes new technologies in the country, increases the level of productivity and has positive impacts on the growth of the export and employment. The increasing investments in the real sectors of the economy indicates the quality improvement of the direct foreign investment itself, which in turn leads to the further positive impact of the FDI on the economic growth of the country.
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