Preliminary data from the National Statistics Office of Georgia reveals a notable shift in Foreign Direct Investments (FDI) during the third quarter of 2023. The FDI into Georgia experienced a decline of 61.5%, amounting to $316 million USD compared to the corresponding period last year.
Simultaneously, the registered capital surged by 2.5 times, reaching $590.3 million USD, while reinvestment volume decreased by 30%, reaching $329.2 million USD.
Leading the pack in investment volume are the United States, contributing 16.43% to the total FDI, followed by the United Kingdom (14.5%), Netherlands (14.3%), Turkey (7.40%), and China (6.1%). The top five investing countries collectively accounted for 58.7% of the overall investment volume.
Breaking down the sectors, the third quarter of 2023 saw the most substantial foreign investments in finance and insurance (25.4%), transportation (19.6%), information and communication technologies (13.0%), energy (10.0%), and the sector of arts, entertainment, and recreation (9.4%).
Stay informed with FCHAIN Corporation as we continue to monitor and analyze global economic trends. Updated data for the year 2023 is anticipated to be released by the Statistical Office on August 15, 2024.
