Q3 of 2021: foreign direct investments up 1.4% in Georgia
Georgian Economy Minister Natia Turnava stated that the volume of foreign direct investment in January-September 2021 increased by 3.2% compared to the previous year and amounted to 728.4 million USD, adding that FDI is growing and the ‘previous negative dynamics have changed.’ Photo: Nino Alavidze/Agenda.ge.
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Foreign direct investments (FDI) in Georgia totalled 299 million USD in the third quarter of 2021, which is up 1.4% from the adjusted data for the same period last year, the latest data of the National Statistics Office of Georgia (Geostat) show.
Geostat reports that an increase in reinvestment is the main reason for growth in FDI.
Image: Geostat.
The top three sectors with the largest share of FDI in the third quarter of 2021 are as follows:
- Financial sector - 87.1 million USD (29.1%)
- Energy sector - 69.3 million USD (23.3%)
- Manufacturing sector - 54.8 million USD (18.3%)
The top three countries that invested the most in the third quarter of 2021 were:
- The United Kingdom - 60.9 million USD (20.4%)
- The Netherlands - 59.8 million USD (20%)
- The Czech Republic - 36 million USD (12%)
Georgian Economy Minister Natia Turnava stated that the volume of foreign direct investment in January-September 2021 increased by 3.2% compared to the previous year and amounted to 728.4 million USD, adding that FDI is growing and the ‘previous negative dynamics have changed.’
She also noted that, in the third quarter of 2021, the volume of reinvestment in the country had doubled to 293.3 million USD.
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.
Foreign direct investments (FDI) in Georgia amounted to $234.2 million in the second quarter of 2021, down 2.6% from the adjusted data of the same quarter of 2020, show the latest data of the National Statistics Office of Georgia (Geostat). The largest share of FDI was registered in the financial sector, reaching $82 million (35%), the energy sector was the second with $65.2 million (27.8%), followed by the manufacturing sector with $46.5 million (19.9%).
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Foreign direct investments (FDI) in Georgia amounted to $125.4 million in the first quarter of 2021, down 28.3% from the preliminary data of the same quarter of 2020, show the latest data of the National Statistics Office of Georgia (Geostat).
Foreign direct investments (FDI) in Georgia totalled $1.152 billion in 2021, which is two times higher compared to the adjusted data of 2020, the National Statistics Office of Georgia (Geostat) reported in its latest data.