FDI Investments reduced by 4% in the 3rd quarter of 2016

Photo: საიმონ დოუსონი / Bloomberg

In the third quarter of 2016, Georgia earned $463 million from foreign direct investments (FDI), a 4% decrease in comparison to last year. The ten largest investors make up 84% of the total FDI in Georgia. Geostat reported on the official statistics and also added that the amount of investments made in between the period spanning from January - September totalled $1.3 billion, which is 5% higher than last year.

List of the largest foreign investors:

  1. Azerbaijan - $434 million

  2. Turkey - $196 million

  3. Luxembourg - $68 million

  4. Czechia - $66 million

  5. The Netherlands - $63 million

  6. Panama - $39 million

  7. USA - $38 million

  8. Cyprus - $29 million

  9. China - $25 million

  10. Japan - $5 million

  11. Other countries - $334 million

Most of the investments were made in transport and communication  ($517 million USD) and in the finance ($168 million USD) and energy sectors ($131 million USD). Last year, energy investments totalled $133 million, whereas in 2014 - $153 million.

Based on this data, Geostat suggests that the number of investments in this sector is now rising.

Investment in the mining industry fell by almost half from $64 million in the first half of 2015 to $23 million this year. Investment in manufacturing fell by $5 million to $31 million.

As a tax haven, Panama also made the list of top 10 largest FDI investors as Georgian businesses have been known to use offshore accounts for reinvestments.

This is based on preliminary data published by Geostat and may be subject to change.


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