Foreign direct investment in Georgia increased by 5% YoY in the first nine months of 2016 to $1.29 billion, according to preliminary data released by the State Statistics Office.
FDI in the third quarter stood at $463 million, down by 4% YoY and up by 3.8% QoQ.
After increasing by about 33% YoY in the first quarter of 2016 to $389 million, FDI increased to USD 446 million in the second quarter, down by 3.6% YoY, according to preliminary data.
Just like in first two quarters of this year, transport and communications continued to attract most of the FDI in the third quarter of 2016 – $140 million. It was followed by construction sector with $69 million; processing industry – $62 million; financial sector – $51 million; energy – $46 million; hotels and restaurants – $23 million; real estate – $22 million; mining – $8 million; agriculture – $3 million.
Most of the FDI again came from Azerbaijan in the third quarter of this year – $151 million, followed by Turkey – $111 million; Luxembourg – $52 million; the Czech Republic – $28 million; China – $26 million; companies registered in the Netherlands – $24 million; the U.S. – $16 million; Japan – $10 million; Panama – $9 million; Cyprus – $8 million.
Georgia’s foreign direct investment in 2015 stood at $1.56 billion, down by 11% YoY. (Civil.ge/Business World Magazine)