Page 31 - GEORptSep22

Foreign direct investment in Georgia in Q1 increased by 4.3 times
UK is Georgia’s largest foreign direct investor
Foreign direct investment in Georgia in the first quarter of 2022 amounted to $568.2mn, which is $435.7mn more than in the same period last year, the National Statistics Agency reported, citing preliminary data. Thus, the figure increased by 4.3 times.
The largest investor was Spain - $196.1mn (34.5% of foreign direct investment), the second place was taken by the United Kingdom with $87.2mn (15.3%), and Turkey was third with $67.1mn (11.8 %). In the first quarter, the main foreign direct investment was invested in the energy sector - $236.4mn (41.6% of all investments), the financial sector - $111.1mn (19.5%), real estate - $81.3mn (14.3% ).
Foreign direct investments (FDI) in Georgia amounted to $1.242bn in 2021, making a two-fold increase y/y.
According to the National Statistics Office of Georgia (GeoStat), the share of the two largest investor countries in the total volume of foreign direct investments reached 59.7% in 2021.
Major foreign direct investor countries of Georgia are the United Kingdom at 48.6% ($603.6mn), the Netherlands at 11% ($138.3mn) and Turkey at 8% ($100mn).
The share of FDI by two major economic sectors reached 52.4% in 2021. The largest share of FDI was allocated in the financial sector, totalling $465.3mn to 37.5%. The energy sector was the second with $186mn to 15%, followed by the manufacturing industry with over $133mn to 10.7%.
31 GEORGIA Country Report September 2022 www.intellinews.com