Q3 of 2020: foreign direct investments down 23.6%
The decline of FDI figures in Q3 2020 was mainly driven by a decrease in the hotel and restaurant (- $28 million), transport (- $21 million) and real estate (- $16 million) sectors, said Geostat. Photo: Nino Alavidze/Agenda.ge.
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Foreign direct investments (FDI) in Georgia amounted to $302.6 million in the third quarter of 2020, down 23.6% from the adjusted data of the same quarter of 2019 and up 25.2% from the preliminary data of Q2 2020, show the latest data of the National Statistics Office of Georgia (Geostat).
The decline of FDI figures in Q3 2020 was mainly driven by a decrease in the hotel and restaurant (- $28 million), transport (- $21 million) and real estate (- $16 million) sectors", said Geostat.
The top three countries that invested the most in the third quarter of 2020 were:
- The United Kingdom - $117.7 million (38.9%)
- The Netherlands - $79.3 million (26.2%)
- The United States - $24.2 million (8%)
The largest share of FDI was registered in the financial sector, reaching $128.3 million in 2020 Q3, the energy sector was the second with $37.1 million, followed by the manufacturing sector with $36.6 million.
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Foreign direct investments (FDI) in Georgia amounted to $237.8 million in the second quarter of 2020, which is a 0.5 per cent increase compared to the same period of 2019, show the latest data of the National Statistics Office of Georgia (Geostat). The largest share of FDI was registered in the financial sector, reaching $78.1 million in Q2 2020, the energy sector was the second with $29.6 million, followed by the construction sector with $27.7 million.
Foreign direct investments (FDI) in Georgia amounted to $616.9 million in 2020, down 52.9% from 2019, show the latest data of the National Statistics Office of Georgia (Geostat). Transferring of ownership from non-resident to the resident units in several companies is considered to be the main reason for the decline of FDI which reduced the value of foreign direct investments by $340.5 million.
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