Foreign direct investments (FDI) in Georgia totaled $299 million in the third quarter of 2021, up by 1.4% YoY, the latest data of the National Statistics Office of Georgia (Geostat) showed.
Geostat reports that an increase in reinvestment is the main reason for growth in FDI.
The top three sectors with the largest share of FDI in the third quarter of 2021 were financial sector – $87.1 million (29.1%), energy sector – $69.3 million (23.3%) and manufacturing sector – $54.8 million (18.3%).
The top three countries that invested the most in the third quarter of 2021 were the United Kingdom – $60.9 million (20.4%), the Netherlands – $59.8 million (20%) and the Czech Republic – $36 million (12%).
Economy Minister Natia Turnava stated that the volume of foreign direct investment in January-September increased by 3.2% YoY and amounted to $728.4 million, adding that FDI was growing and the “previous negative dynamics has changed”.
She also noted that in the third quarter of 2021, the volume of reinvestment in the country doubled to $293.3 million. (Agenda/Business World Magazine)