09.Jun .2020 15:30

FDIs decreased by 41.7% in Georgia

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In the first quarter of 2020, the volume of foreign direct investment in Georgia amounted to 165.4 million USD, which is 41.7% less comparing to the same period of 2019.

The list of the largest investor countries are as follows:

• United Kingdom - $ 73 million; increase of 19% y-o-y;
• US - $ 28 million; 34% down y-o-y;
• Panama - $ 19 million; 57% decrease y-o-y;
• Denmark - $ 11 million; 6% decrease y-o-y;
• Netherlands - $ 11 million; 121% decrease y-o-y;
• Turkey - $ 11 million; 84% decrease y-o-y;
• Russia - $ 10 million; 71% increase y-o-y;
• Marshall Islands - $ 9 million; 80% increase y-o-y;
• Luxembourg - $ 8 million; 330% increase y-o-y;
• Japan - $ 7 million; 56% decrease y-o-y;
• Iraq - $ 7 million; 524% decrease y-o-y;
• Malta - $ 4 million; 114% decrease y-o-y;
• Germany - $ 3 million; 17% decrease y-o-y-;
• India - $ 3 million; 3% decrease y-o-y;
• Latvia - $ 2 million; 309% increase y-o-y;
• Kaiman Islands - $ 2 million; 163% decrease y-o-y;
• Switzerland - $ 2 million; 67% decrease y-o-y;
• Armenia - $ 2 million; 51% decrease y-o-y.

In the first quarter of 2020, the largest foreign direct investment was made in the financial sector amounting to 94.9 million USD, which is 57.4 percent of total foreign direct investment. The second place is occupied by the real estate sector - 34.0 million USD, and the third is the hotel and restaurant sector - 15.8 million USD.