Offshore investments slightly increase y/y

More than $900 million USD of foreign direct investments (FDI) was pumped into Georgia last year, which is up 0.3% on 2012, state statistics office Geostat reports.

The total inflow amounted to $1.8 billion in 2013 and the share of re-investments was $258 million, latest data revealed.

The energy sector, financial sector and transport and communications sectors earned the highest FDI, which composed nearly 82% of the 2013 FDI preliminary figure – with $193 million, $170 million and $138 million respectively.

The country’s manufacturing sector attracted $124 million, followed by construction $54 million, mining $35 million, agriculture $32 million and real estate $27 million.

The Netherlands was the leading investor country and spent $180 million last year, which was 20% of the total FDI. This was followed by Luxemburg with $145 million (16%) then China with $98 million (11%).

Azerbaijan invested $95 million in Georgia, Turkey spent 74 million, the United States disbursed 57 million, the United Kingdom spent 47 million, Malta invested 42 million and the United Arab Emirates paid 33 million.

* All currencies are valued in USD