Economy

Direct foreign investments in Georgia down 23% in 2015

by | Mar 10, 2016
tbilisi-senaki-leselidze_motorway-

(Interpressnews.)

TBILISI, DFWatch–Direct foreign investments in Georgia went 23 down percent in 2015 compared to the previous year, according to preliminary figures from Georgia’s National Statistics Department, GeoStat.

According to the report, the amount of foreign investments in 2015 was USD 1,351 million.

GeoStat explains that the preliminary data for 2015 show a 6 percent lower amount of investments than the preliminary results of 2014, but 23 percent less than adjusted data for that year.

Over the last few years, 2014 was the best in terms of foreign investments, with a total of USD 1,758 million. In 2013, the figure was USD 942 million (adjusted data), in 2012 it was USD 912 million (adjusted data) and in 2011 it was USD 1,117 million (adjusted data).

The top originator countries for investments in 2015 were Azerbaijan, UK, Netherlands, Luxembourg, Turkey, China, Russia, international organizations and the United States.

The amount of investments from the three top investing countries was 63 percent of the total amount. Azerbaijan accounted for 40 percent, the U.K. 15 percent and the Netherlands 8 percent.

The highest proportion of investments – 44 percent – went to the transport and communication sector. The construction and manufacturing sector also figures high on the list.



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