The foreign direct investments (FDI) in Georgia amounted to USD 616.9 million in 2020 (preliminary data), down 52.9 percent from the same period of the previous year, - Geostat report. Georgia did not have such small amount of foreign direct investments even in 2008-2009, when the country was in the post-war period. According to official data, in 2020 the FDI was down to a 15-year minimum.
According to Geostat, transferring of ownership from non-resident to the resident units in several companies is considered to be the main reason for the decline of FDI which reduced the value of foreign direct investments by 340.5 million USD.
As of Geostat, reinvestment of earnings amounted to 560 million USD in the total investments, which is 90% of the total FDI.
The shares of major foreign direct investor countries in FDI stand as follows: The United Kingdom (49.9 percent), Netherlands (27.9 percent) and Turkey (17.5 percent).
FDI BY MAJOR INVESTOR COUNTRIES IN 2020
United Kingdom - $ 307.8 million;
Netherlands-$ 172.1 million;
Turkey - $ 108.1 million;
US - $ 93.3 million;
Malta - $ 27.6 million;
Luxembourg - $ 26.5 million;
Russia - $ 25.5 million;
Germany - $ 23.7 million;
Denmark -22.0 million dollars;
Panama - -$ 209.3 million;
Other countries - $ 19.5 million.
As for the FDI by economic sectors, the largest share of FDI was registered in the financial sector, totaling 400.3 million USD. The mining sector was the second with 101.5 million USD, followed by the real estate sector with 71.8 million USD.
