Azerbaijan, the United Kingdom and the Netherlands were the countries that invested the most heavily in Georgia in 2018.
In total, foreign direct investments (FDI) in Georgia amounted to $1.23 billion in 2018 as shown by preliminary data published by the National Statistics Office of Georgia (Geostat).
Last year FDIs were down by 34.9 % compared to 2017.
The main reasons for the decrease in FDIs is the completed pipeline project, transferring of ownership in some companies from non-resident to resident units and reduction of liabilities to non-resident direct investors”, said Geostat.
The share of FDI by major foreign direct investor countries allocated as follows:
- Azerbaijan (19.5%)
- United Kingdom (16.5%)
- The Netherlands (13.6%)
The share of FDIs by the three major economic sectors reached 52.3% in 2018, allocated in:
- Financial sector, reaching $277.9 million
- Transports sector, reaching $209.9 million
- Energy sector, reaching $157.2 million.
