Foreign Direct Investments up 87% last year

Georgia is attracting more Foreign Direct Investments (FDIs).

Adjusted figures released today by the National Statistics Office of Georgia, Geostat, reveal FDIs in Georgia for the year 2014 amounted to $1,758 million USD – an 87 percent increase on 2013 figures.

The Geostat data showed a growing trend in FDI from 2009 to 2011 before offshore investments decreased in 2012 and 2013. But by 2014 FDIs jumped significantly from $942 million (in 2013) to $1,758 million (in 2014).

The total sum of inflow to Georgia between 2009 and 2014 amounted to $2,873 million while outflow reached $ 1, 139 million, noted Geostat.

The share of FDIs by major investor countries mostly came from the Netherlands (21 percent) followed by Azerbaijan (19 percent) and China (12 percent).

The largest share of FDIs was allocated to Georgia’s transports and communication sector, reaching $433.7 million. Following this was the construction sector with $316.6 million and the manufacturing sector with $205.4 million.