Foreign direct investments (FDI) in Georgia amounted to $279.3 million in the first quarter (Q1) of 2018, shows the preliminary data of the National Statistics Office of Georgia.
This is a 32.9 percent decrease compared to the same period of the previous year.
The main reasons for decreasing the FDI are transferring of ownership in some companies from non-resident to a resident units and reduction of debt liabilities to non-resident direct investors (mostly payment of loans)”, explains Geostat.
The top three countries that invested the most in Georgia during this period were:
- United Kingdom (29.6 percent)
- Azerbaijan (18.2 percent)
- China (14.9 percent)
Three sectors of the Georgian economy enjoyed 78.7 percent of all FDIs in Q1 of 2018:
- Financial sector – $110.6 million
- Construction sector – $69.1 million
- Manufacturing sector – $40.2 million
The National Statistics Office noted that the adjusted data will be published on August 15, 2018.
