BAKU, Azerbaijan, August 16
By Tamilla Mammadova – Trend:
Georgia’s foreign direct investments (FDI) amounted to $572 million in 2020 (adjusted data) that is 57.2 percent less than in 2019 and 7.3 percent less compared with the preliminary data of 2020, Trend reports via the National Statistics Office of Georgia (Geostat).
Transferring ownership from a 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 $283 million. Geostat adjusted the volume of FDI in Georgia from 2016 as well.
The share of the two largest investor countries in the total volume of foreign direct investments reached 88.1 percent in 2020 according to adjusted data.
Major foreign direct investor countries are the United Kingdom 53 percent ($303 million), Netherlands 35.1 percent ($200.7 million) and the United States 17.2 percent ($98.4 million).
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