BAKU, Azerbaijan, Dec.9
By Tamilla Mammadova – Trend:
Foreign direct investments (FDI) in Georgia amounted to $302.6 million in 3Q2020, down by 23.6 percent from the adjusted data of 3Q2019 and up 25.2 percent from the data of 2Q2020, Trend reports via the National Statistics Office of Georgia (Geostat).
According to FDI in Georgia, the three major foreign direct investor countries are the United Kingdom with $117.7 million, the Netherlands with $79.3 million, and the United States with $24.2 million.
The shares of FDI by major foreign direct investor countries were distributed as follows: the United Kingdom (38.9 percent), Netherlands (26.2 percent), and the United States (8 percent).
The share of FDI by three major economic sectors reached 66.8 percent in 3Q2020.
The largest share of FDI was registered in the financial sector, reaching $128.3 million in 3Q2020, the energy sector was the second with $37.1 million, followed by the manufacturing sector with $36.6 million.
The decline of FDI figures in 3Q2020 was mainly driven by a decrease in hotels and
restaurants (by $28 million), transport (by $21 million), and real estate (by $16 million)
sectors.
Since March 2018 (according to the IMF recommendations), Geostat has started compilation and
dissemination position data for FDI in an integrated format, which allows surveyed economic units to
provide Geostat with the adjusted information on a regular basis.
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