Q3 of 2021: foreign direct investments up 1.4% in Georgia

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.’

• 2020 data: foreign direct investments down 52.9% in Georgia

She also noted that, in the third quarter of 2021, the volume of reinvestment in the country had doubled to 293.3 million USD.