Azerbaijan, Turkey, UK – Georgia’s top investors in Q1 2017

  • As of December 3, 1 GEL was valued at 1.8604 USD. Photo by N.Alavidze/agenda.ge
Agenda.ge, 9 Jun 2017 - 12:38, Tbilisi,Georgia

Georgia attracted $403.3 million in Foreign Direct Investments (FDIs) in the first quarter (Q1) of 2017.

FDI’s this year were up 3.7 percent from the preliminary data of Q1 2016, show preliminary data released today by the National Statistics Office of Georgia (Geostat).

Georgia is the only country in the region where the FDI is increasing. If one looks at the statistics of FDI in other countries in the region, one can observe a decline in all other countries," said Georgia's Economy Minister Giorgi Gakharia. 

The top three countries that invested the most in Georgia in Q1 2017 were:

  • Azerbaijan (24.1percent)
  • Turkey (20.2 percent)
  • United Kingdom (19.8 percent)

Three sectors of the Georgian economy enjoyed 74.6 percent of all FDIs: the largest share of FDIs ($141.1 million) was allocated to the transport and communications sector, followed by the real estate sector ($80.3 million) then the financial sector ($79.6 million).

Geostat noted the adjusted data will be published on August 15, 2017.

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