Georgia attracts $187 mln in FDI in Q2 of 2019

  • The main reasons for the drop in FDIs include the completion of the BP pipeline project, reduction in liabilities to non-resident direct investors and a reduction in the amount of reinvestment, announces Geostat.Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 9 Sep 2019 - 14:33, Tbilisi,Georgia

Foreign direct investments (FDI) in Georgia amounted to $187 million in Q2 of 2019  which is a 53.7 per cent decrease compared to the same period of 2018 show the latest preliminary data of the National Statistics Office of Georgia (Geostat).

The main reasons for decreasing the FDI included completion of a pipeline project, reduction in liabilities to non-resident direct investors and reduction of the amount of reinvestment, announces Geostat

FDI in Georgia in 2017-2019 (Million US Dollars). Photo: Geostat.

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

  • Energy sector - $63.7 million
  • The manufacturing sector - $38.4 million
  • The hotels and restaurants - $28.1 million

The share of FDI by three major economic sectors reached 69.6 per cent in Q2 2019.

The top three countries that invested the most in Georgia in Q2 of 2019 were:

  • Netherlands – 31.1%
  • Turkey – 19.2 %
  • The United Stated – 14.7%
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