Georgia attracts $445m Foreign Direct Investments in Q2 2016

The Netherlands, Azerbaijan and China heavily invest in Georgia. Photo by N.Alavidze/, 08 Sep 2016 - 12:07, Tbilisi,Georgia

Georgia has attracted $445 million USD in Foreign Direct Investments (FDIs) in the second quarter (Q2) of 2016.

This was a 20 percent increase year-on-year (y/y), according to preliminary data published by the National Statistics Office of Georgia (Geostat).

However if compared to the adjusted data of Q2 2015, the latest figures show FDIs decreased four percent in Q2 2016.

Meanwhile in the first half of 2016 the same Geostat preliminary data showed FDIs in Georgia reached $834 million – up 11 percent from the adjusted data of the same period of 2014.

This chart (preliminary data) shows dynamics of FDI during 2014-2016. Chart by Geostat. 

In Q2 2016 three main sectors of the Georgian economy received 63 percent of all FDIs earned.

The largest share of FDIs ($175 million) went to the transport and communications sector, followed by the financial sector ($60 million) then the health and social work sector ($46 million).

Last year the top three countries that invested the most in Georgia were Azerbaijan, whose contribution made up 33 percent of total FDIs, the United Kingdom (14 percent) and the Czech Republic (eight percent).

Azerbaijan, UK and Czech Republic were the major investor countries of Georgia in Q2 2016. *Preliminary data by Geostat.