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The volume of foreign investments in Georgia is 814 million dollars

2011-08-16 17:26

The volume of foreign investments in Georgia is 814 million dollars. 20890.jpegThe volume of direct foreign investment in Georgia in 2010 amounted to 814.5 million dollars. This is 23.7 percent more than in 2009, when the figure stood at 658.4 million dollars. As reported by the "Georgia-News", these are revised figures released today by the National Statistics Service of Georgia "Sakstat". These figures increased by 47 percent, compared with previously published preliminary figures (about 553.1 million dollars).

One of the main reasons for such a large difference between the preliminary and refined indicators is the transition to a new methodology of the calculation of direct foreign investment, explained the experts of "Sakstat". The new methodology requires to use the consolidated financial indicator, because of which the list of business subjects to study has grown in the country.

Thus, according to the first quarter of 2010, the volume of direct foreign investments amounted to 166.5 million dollars, in the second quarter - 208.3 million dollars, in the third - 225.6 million dollars and in the fourth quarter - 214.1 million dollars.

The share of industry accounts for 28 percent of total foreign direct investment in 2010 - 228.8 million dollars. That's 130.4 million dollars more than in 2009 when the figure stood at 139.8 million dollars.

The first place in terms of investment in Georgia's economy in 2010 took the United States - 135.8 million dollars - 16.7 percent of the total. Next became Turkey - 91.8 million dollars - 11.3 percent; the third place took Netherlands - 73.4 million, representing 9 per cent.

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