Page 33 - GEORptOct22

FDI in Georgia grew by 9.1% y/y in 2Q22
UK is Georgia’s largest foreign direct investor
According to preliminary figures released by Georgia's National Statistics Service on September 8, the volume of foreign direct investment in the second quarter of 2022 was $351.8mn, a 9.1% increase over the same period the previous year. According to the statistics service, the expansion is mostly due to a rise in allowed capital and reinvestment indicators.
The United Kingdom ranks first in terms of investment in the country, with $64.7mn. Following them is the Netherlands with $44.8mn, Japan with $41.8mn, Turkey with $30.7mn, China with $30.7mn, the Czech Republic with $26.6mn, Kazakhstan with $11.8mn, Denmark with $10.1mn, the Marshall Islands with $9.1mn, Germany with $8.9mn, and other countries with $72.5mn.
The largest share of foreign direct investment was $76.6mn, which fell on the energy sector. This is followed by the real estate sector with $75.6mn; the financial sector with $47.6mn; the processing industry with $40.5mn and construction with $26.8mn.
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%.
33 GEORGIA Country Report October 2022 www.intellinews.com