Azerbaijan, UK, Netherlands are Georgia’s top investor countries in 2018

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

Adjusted data will be published on 15 August, 2019, said Geostat.