09.Sep .2021 16:00

FDI Down in Tourism, Construction, Communication and Mining Industry

FDI Down in Tourism, Construction, Communication and Mining Industry
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Foreign Direct Investments (FDI) of 366.4 million USD were made in Georgia in 1Q2021, which is down by 11% y-o-y.

According to Geostat, the largest share of FDI was registered in the financial sector, reaching USD 82.0 million in Q2 2021, the energy sector was the second with USD 65.2 million, followed by the manufacturing sector with USD 46.5 million. However, FDI decline was observed in the following sectors:

FDI by major economic sectors:

1) Financial sector - $ 180.1 million, an increase of $ 3.9 million over the previous year;
2) Energy - $ 106.8 million, an increase of $ 98.8 million compared to the previous year;
3) Manufacturing - $ 72.8 million, an increase of $ 51.7 million over the previous year;
4) Real Estate - $ 43.2 million, decrease compared to the previous year - $ 15.4 million;
5) Health and social assistance - $ 17.4 million, an increase of $ 12.2 million over the previous year;
6) Agriculture, fishing - $ 2.2 million, an increase of $ 0.8 million compared to the previous year;
7) Construction - $ 0.6 million, decrease compared to the previous year - $ 23.0 million;
8) Hotels and restaurants - - $ 2.9 million, a decrease from the previous year - $ 4.3 million;
9) Transport - - $ 23.3 million, decrease compared to the previous year - $ 34.8 million;
10) Mining industry - - $ 25.8 million, decrease compared to the previous year - $ 62.4 million;
11) Communications - - $ 73.8 million, decrease compared to the previous year - $ 98.1 million;
12) Other sectors - $ 70.3 million, an increase of $ 25.6 million over the previous year.