2020 data: foreign direct investments down 52.9% in Georgia
The largest share of FDI was registered in the financial sector, reaching $400.3 million in 2020, the mining sector was the second with $101.5 million, followed by the real estate sector with $71.8 million. Photo: Nino Alavidze/Agenda.ge.
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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.
The top three countries that invested the most in 2020 were:
- The United Kingdom -$307.8 million (49.9%)
- Netherlands - $172.1 million (27.9%)
- Turkey - $108.1 million (17.5%)
The largest share of FDI was registered in the financial sector, reaching $400.3 million in 2020, the mining sector was the second with $101.5 million, followed by the real estate sector with $71.8 million.