Based on the preliminary data of the National Statistical Service of Georgia (Geostat), the volume of direct foreign investments made in Georgia in the first quarter of 2024 amounted to 201.4 million US dollars, which is 64.4 percent less than the preliminary data of the first quarter of 2023.
Geostat says the reduction is due to the reduction of the index of all three components of direct foreign investments (share capital, reinvestment and debt obligations).
In addition, Geostat says, in the first quarter of 2024, the share capital amounted to 75.9 million US dollars, which is 37.7 percent of the total foreign direct investments. Reinvestment amounted to 92.5 million US dollars and its share was determined at 45.9 percent.
In terms of the biggest investor countries, In the first quarter of 2024, Turkey is in first place with USD 42.4 million, which is 21.0 percent of the total foreign direct investments, the Czech Republic is in second place with USD 41.5 million (20.6 percent), and the US is in third place with USD 33.7 million (16.7 percent).
The share of the five largest investor countries is 85.5 percent of the total volume of investments.
Geostat says in the first quarter of 2024, the largest foreign direct investment was made in the energy sector and amounted to 78.7 million USD, which is 39.1 percent of the total foreign direct investment.
The second place is occupied by the trade sector – with 39.5 million US dollars (19.6 percent), and the third place – the transport sector with 38.8 million US dollars (19.3 percent).
