Foreign direct investment in Georgia reached USD 187 million in the second quarter of 2019, down by 53.7% compared to the same period of last year, according to the preliminary data released by the National Statistics Office, Geostat, on September 9.
“The main reasons for decreasing the FDI included completion of a pipeline project, reduction in liabilities to non-resident direct investors and reduction of the amount of reinvestment,” Geostat explained.
The energy sector received the largest share of FDI in the second quarter of 2019 – USD 63.7 million, followed by manufacturing – USD 38.4 million; hotels and restaurants – USD 28.1 million; transport sector – USD 26.5 million; real estate – USD 22.8 million; other sectors – USD 7.6 million.
In the second quarter of 2019, most of the FDI came from Netherlands – USD 58.1 million. The companies registered in Turkey and the United States came next with USD 36 million and USD 27.5 million, respectively. They are followed by Azerbaijan – USD 15.8 million; Panama – USD 15.5 million; Czech Republic – USD 14.8 million and Korea – USD 14.2 million. USD 5.2 million was received from other countries.
Read also:
- Q1’19 FDI USD 281.1 mln: Geostat
- 2018 FDI USD 1.26 bln – Adjusted Data
- 2018 FDI USD 1.2 bln – Preliminary Data
- Q2’18 FDI USD 389 mln: Geostat
- 2017 FDI USD 1.86 bln – Preliminary Data
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