UK, Netherlands, Türkiye Georgia’s top investing countries in 2021
Geostat also said the share of reinvestments in total FDI had reached 62 percent in 2021. Photo: Nino Alavidze/Agenda.ge
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The foreign direct investments in Georgia amounted to $1.24 billion last year - up 2.1 times in 2020 and 7.7 percent on the preliminary data of the year - as seen in the adjusted data of FDIs, published by the National Statistics Office of Georgia today.
The figures from the Office also showed the United Kingdom topping the investment rankings with $603.6 million, followed by the Netherlands with $138.3 million and Türkiye with $100 million.
The largest share of FDI was registered in:
- Financial sector - $465.3 million (37.5%)
- Energy - $185.9 million (15%)
- Manufacturing - $133.3 million (10.7%)
Geostat also said the share of reinvestments in total FDI had reached 62 percent in 2021.
Georgian Economy Minister Levan Davitashvili on Monday said the country remained an "attractive country" for the investors despite the "high risks" in the Black Sea region.
Spain with $196.1 million, the United Kingdom with $87.2 million, and Turkey with $67.1 million were the countries that invested most heavily in Georgia in the first quarter of 2022, the preliminary data by the National Statistics Office of Georgia showed on Thursday.
Prospective investments in Georgian logistics, renewable energy development, business process outsourcing and information technology were discussed by Levan Davitashvili, the Georgian Economy minister, and Judith Pryor, the Vice-Chair of the Export-Import Bank of the United States, the Economy Ministry announced on Tuesday.
One of the largest investment banks in the world, JP Morgan Chase, has been selected by the Pension Agency of Georgia to launch its investing in international financial markets, the Agency announced on Tuesday.