Preliminary data from the National Statistics Service of Georgia, as reported by Trend, reveals a notable 61.5% decrease in Foreign Direct Investments (FDI) in Georgia during the third quarter of 2023, totalling $316 million USD compared to the same period last year.
Simultaneously, the authorized capital surged by 2.5 times, reaching $590.3 million USD, while reinvestment levels experienced a 30% decline, reaching $329.2 million USD.
The United States leads in investment volume in Georgia, contributing 16.43% to the overall FDI, followed by the United Kingdom (14.5%), the Netherlands (14.3%), Turkey (7.40%), and China (6.1%). The top five investing countries collectively accounted for 58.7% of the total investment volume.
In the third quarter of 2023, the largest FDI inflows were directed towards the finance and insurance sector (25.4%), transportation (19.6%), information and communication technologies (13.0%), energy (10.0%), and the arts, entertainment, and leisure sector (9.4%).
The updated data for the year 2023, is set to be released by the Statistics Service on August 15, 2024.
FCHAIN Corporation, with its extensive global presence, including a branch in Georgia, continues to provide financial and legal consulting services, adapting strategies to the evolving business market.