UK, Turkey, Ireland - Georgia’s top investing countries in 2019
In total, foreign direct investments (FDI) in Georgia amounted to $1.26 billion in 2019. Photo: Nino Alavidze/Agenda.ge.
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The United Kingdom, Turkey and Ireland were the countries that invested the most heavily in Georgia in 2019, show the preliminary data published by the National Statistics Office of Georgia.
In total, foreign direct investments (FDI) in Georgia amounted to $1.26 billion in 2019, up 0.2 per cent from the same period of the previous year.
The share of FDIs by major foreign direct investor countries are as follows:
- The United Kingdom (19.5%)
- Turkey (18.7%)
- Ireland (10.5%)
Major investor countries by 2019 (million US dollars). Image: Geostat.
The share of FDIs by the three largest economic sectors reached 48.4 per cent in 2019, allocated in:
- Financial sector, reaching $261.8 million
- Energy sector, reaching $193.9 million
- Hotels and restaurants sector, reaching $157.5 million
Adjusted data will be published on August 17, 2020, said Geostat.
Georgian Prime Minister Mamuka Bakhtadze has responded to recent statistics on foreign direct investments (FDI) in Georgia and explained the reasons for their decrease.
Azerbaijan, the United Kingdom and the Netherlands were the countries that invested the most heavily in Georgia in 2018. In total, foreign direct investments (FDI) in Georgia amounted to $1.23 billion in 2018 as shown by preliminary data published by the Geostat.
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Foreign direct investments (FDI) in Georgia amounted to $165.4 million in Q1 of 2020 which is a 41.7 per cent decrease compared to the same period of 2019, show the latest preliminary data from the National Statistics Office of Georgia (Geostat).
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