Georgia attracts $1.86 billion in foreign direct investments in 2017

Foreign investors have been demonstrating growing interest in various fields of Georgia's economy and especially in transports and communications, financial and construction sectors, show the latest preliminary data of the National Statistics Office of Georgia (Geostat).

These are the top three sectors that enjoyed 60.5 percent of all foreign direct investments (FDIs) that Georgia attracted in 2017.

In particular, FDI by major economic sectors in 2017 was the following:

• Transports and communications: $527.1 million
• Financial sector: $304.3 million
• Construction: $294.6 million

FDI by major economic sectors in 2017. Source: Geostat.

Overall, Georgia attracted $1.86 billion in FDI in 2017, said Geostat.

This is a 16.2 percent increase compared to the adjusted data of the same period of the previous year.

FDI in Georgia by components in 2017 was the following:

• Equity – $1.18 billion
• Reinvestment of earnings - $712.1 million
• Debt instruments - $31.1 million

The share of reinvestments in total FDI during 2017 was 38.2 percent, said Geostat.

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

• Azerbaijan: $482.1 million
• Turkey: $279 million
• United Kingdom: $250.4 million

FDI by major countries in 2017. Source: Geostat.