ArmInfo. The net inflow of foreign direct investment (FDI) to Armenia in 2019 will be $ 340 million, in 2020 - $ 403 million. This is stated in the new forecast of the World Bank , published the day before. According to the document, the volume of net inflow of FDI in the past 2018, previously, amounted to $ 287 million, against the actual $ 228 million in 2017.
According to the forecast, the ratio of gross investments to GDP of Armenia in 2019-2020 will increase from 20.7% to 22.4%. At the end of 2018, according to the World Bank, this ratio was 19.1%, against the actual 18.3% in 2017.
It is noted that the growth of gross investment in 2019 will be 13.4% with a slowdown in 2020 to 12.8%. And according to the results of 2018, according to the World Bank, the growth of gross investments amounted to 10.1%, against the actual growth in 2017 by 7.7%.
To recall, in October 2018 the World Bank also announced a macro forecast for Armenia, in which the share of net foreign investment in Armenia's GDP in 2018 was expected to be 3%, with an increase in 2019-2020 to 3.5-3.9%, against actual 2 % in 2017.
To note, RA Statistical Committee publishes data on foreign investments quarterly, but 2 months after the end of the reporting period. In this connection, the results of 2018 on foreign investment will be made public at the end of March this year, in the February statistics.
According to the statistics for January-September 2018, the volume of total foreign investments in the real sector of the Armenian economy increased by 10.8% to $ 1.7 billion compared to the same period of 2017. FDI in total foreign investments for the first 9 months of 2018 accounted for 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%.
In terms of countries, leadership in terms of total investments and FDI is kept by Russia - for the first 9 months of 2018 $ 589.9 million (with a y-o-y growth of 14.2%), incl. FDI - $ 233.8 million (with a y-o-y decline of 4%). The second position was entrenched for Germany - $ 433.5 million (with a y-o-y growth of 64.2%), of which $ 39.7 million is FDI (with a y-o-y growth of 78.4%). TOP-3, as before, closes Cyprus - $ 67.5 million (with an annual decline of 69.9%), of which FDI - $ 19.4 million (with a y-o-y growth of 40.5%). In the volume of total foreign investment, Russia accounted for 34.6% in the first 9 months of 2018, Germany - 25.4%, Cyprus - 4%, and in the total FDI, the share of these countries was 60.7%, 10.3% and 5%.