Geostat: FDI in Georgia drops 55.2% in Q3 24

The National Statistics Office (Geostat) reports that foreign direct investment (FDI) declined by 55.2% in Georgia during the third quarter of 2024 due to reduced equity, reinvestment, and debt.

Key data points:
• Equity: $131.2M (66.4% of total FDI).
• Reinvestment: $358.4M (decreased by 13.6% year-on-year).

Top investing countries:

1. Netherlands: $60.2M (30.4%).
2. Malta: $58.3M (29.5%).
3. UK: $55.0M (27.8%).
   Combined share: 87.7%.
   Primary sectors:
4. Manufacturing: $63.6M (32.2%).
5. Energy: $43.0M (21.8%).
6. Trade: $32.1M (16.2%).
   Combined share: 70.2%.

Despite this decline, manufacturing remains the top choice for FDI.