Monday, January 21 2019 11:25

ArmInfo.According to the balance of payments of Armenia, in the Q3 2018, compared to the same period of 2017, foreign direct investment (FDI) increased by  50%, Prime Minister Nikol Pashinyan wrote about this on Facebook. 

"Thus, in the third quarter of 2018, the net inflow of FDI (net  liabilities) amounted to $ 75.5 million compared to $ 50.9 million in  2017," said Pashinyan. The head of government noted that the same  dynamics was observed during 2017-2018 by quarters; in 2017: in Q1 -  $ 68 million, in Q2 - $ 29.1 million, in the Q3- $ 50.9 million, in  Q4- $ 101.8 million. By 2018, the data are as follows: in Q1 - $ 94.2  million, in Q2 - $ 8.9 million, in Q3 - $ 75.7 million. "By the way,  this is the same figure, on decrease of which in Q3 our opponents  talk all the time," said Pashinyan, adding that the data for Q4 2018  (balance of payments) has not yet been published.

According to the RA Statistical Committee, the total foreign  investment in the real sector of the Armenian economy grew by 4.3% in  the third quarter of 2018, reaching $ 548.3 million, while a year  earlier the quarterly increase was only 0.5%. In their structure, the  volume of FDI increased in the third quarter of this year- by 64.5%,  amounting to $ 124.3 million, against modest growth - by 6.4% in the  same quarter of 2017. In year over year terms (Q3 2018 versus Q3  2017), FDI declined by 12.9%, while total foreign investment grew by  7.3%. In January-September 2018 compared with the same period of  2017, the volume of total foreign investment in the real sector of  the Armenian economy grew by 10.8% to $ 1.7 billion. The share of FDI  in total foreign investment for the first 9 months of 2018 was 22.6%  (against 30, 7% a year earlier) or $ 385.4 million, which is lower  than the figure for the same period of 2017 by 18.4%.

According to statistical data, Russia holds the lead in terms of  total investments and FDI. The second position was held by Germany.  Cyprus still closes TOP-3. By World Bank forecasts updated in October  of 2018 the share of net foreign investment in Armenia's GDP in 2018  will be 3%, with an increase in 2019- 2020 to 3.5-3.9%, against an  actual 2% in 2017. For 2017, the real sector of the Armenian economy  received foreign investments in the total amount of $ 2.3 billion, of  which $ 677 million in the form of FDI.