Foreign Direct Investments up 22% in 2016

National Bank President said 5% growth can be achieved but there were risks as a result of the instability in Ukraine.

Agenda.ge, 10 Mar 2017 - 11:38, Tbilisi,Georgia

Georgia attracted $1.64 million in Foreign Direct Investments (FDIs) in 2016, show preliminary data released today by the National Statistics Office of Georgia (Geostat).

FDI’s last year were up 22 percent from the preliminary data of 2015, and five percent from the adjusted data of the same year, said Geostat.

The top three countries that invested the most in Georgia in 2016 were:

Azerbaijan (35 percent)
Turkey (17 percent)
United Kingdom (seven percent)

FDI by major investor countries in 2016. Preliminary data by Geostat.

Three sectors of the Georgian economy enjoyed 61 percent of all FDIs: the largest share of FDIs ($645 million) was allocated to the transport and communications sector, followed by the energy sector ($203 million) then the construction sector ($163 million).

FDI by major economic sectors in 2016. Preliminary data by Geostat.

Geostat noted the adjusted data of 2016 will be published on August 15, 2017.