About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Geostat Revises 2010 FDI Figure Upwards
Civil Georgia, Tbilisi / 15 Aug.'11 / 18:34

In its final report on foreign direct investment, released on August 15, the Georgian state statistics agency, Geostat, revised its preliminary figures of 2010 FDI upwards from USD 553.1 million to USD 814 million.  

Geostat said that this “sharp difference” between the preliminary and final data is caused with a new methodology of compiling the report. The new method, according to Geostat, uses companies’ consolidated financial statements – an aggregated data of financial position of a parent and its subsidiaries – making scope of surveyed entities broader.

According to preliminary figure released in March the FDI in 2010 declined over previous year by 16%; but the final figure of USD 814 million is 24% increase year-on-year.

The revised FDI figure made 7% of Georgia’s GDP in 2010, up from 6% in 2009 and down from 12% in 2008.

A breakdown of FDI inflows by country has also been revised in final data.

In the preliminary data most of the FDI came from companies registered in the Netherlands – USD 143.2 million; in the final report the figure was revised down to USD 73.4 million making it on the third place after the U.S. with USD 135.8 million and Turkey - USD 91.8 million. Other major sources of FDI, according to final report, in 2010 were UK with USD 59 million; Azerbaijan - USD 58 million; United Arab Emirates - USD 55.5 million. 

Breakdown of FDI inflows by sectors has also been revised. Extraction and processing industry attracted the biggest share of FDI in 2010 with USD 228.8 million or 28.1%, according to final figures; followed by transport and communication sector USD 215.1 million (26.4%); real estate - USD 119.3 million; financial sector - USD 107.4 million (17.7%).

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2019, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
36