Q3 2018: Georgia attracts $322.6 mln in foreign direct investments

  • Q3 FDIs were down by 48.2% compared to the adjusted data for Q3 of 2017. Photo: N. Alavidze/Agenda.ge.

Agenda.ge, 10 Dec 2018 - 12:06, Tbilisi,Georgia

Foreign direct investments (FDI) in Georgia amounted to $322.6 million in the third quarter (Q3) of 2018 as shown by preliminary data published by the National Statistics Office of Georgia (Geostat).

Q3 FDIs were down by 48.2% compared to the adjusted data for Q3 of 2017.

The main reasons for the decrease in FDIs is the completed pipeline project, transferring of ownership in some companies from non-resident to resident units and reduction of liabilities to non-resident direct investors”, said Geostat.

The share of FDI by major foreign direct investor countries allocated as follows:

  • The Netherlands (15.4%)
  • Korea (12.5%)
  • Azerbaijan (10.3 %)

The share of FDI by the three major economic sectors reached 48.8% in Q3 2018, allocated in: 

  • Manufacturing, reaching $56.5 million
  • Transports and communications, reaching $54.5 million
  • Energy, reaching $46.3 million
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