Georgia attracts $417.3 mln in FDIs in Q3 of 2019

Foreign direct investments (FDI) in Georgia amounted to $417.3 million in Q3 of 2019  which is a 13.7 per cent increase compared to the same period of last year, show the latest preliminary data from the National Statistics Office of Georgia (Geostat).

FDIs in Georgia in 2017-2019 (Million US Dollars). Photo: Geostat.

The top three countries that invested the most in Georgia in Q3 of 2019 were:

• The United Kingdom - 18.8 per cent
• Netherlands - 16.4 per cent
• Turkey – 10.3 per cent

FDIs by major economic sectors were the following:

• Financial sector - $96 million
• Manufacturing sector - $49.3 million
• Hotels and restaurants - $45.7 million

The share of FDIs in these three major economic sectors reached 45.7 per cent in Q3 of 2019.