Geostat: Preliminary Q1 2016 FDI $376m
FDI figures in million U.S. dollars per quarter in 2014-2016. *2015, *2016 – preliminary data. Source: Geostat
Foreign direct investment in Georgia reached USD 376.3 million in the first quarter of 2016, more than double its year-ago level and up from USD 267.8 million in the final three months of last year, according to preliminary data released by the state statistics office, Geostat, on Thursday.
Transport and communication sector received the largest share of FDI in the first three months of this year – USD 200 million, followed by financial sector – USD 58 million; energy sector – USD 40 million; real estate – USD 22 million; construction – USD 19 million; hotels and restaurants – USD 19 million; healthcare sector – USD 17 million; mining – USD 7 million; agriculture and manufacturing – USD 3 million each.
Most of the FDI in the first quarter of 2016 came from Azerbaijan – USD 137 million, followed by Turkey – USD 57 million; UK – 44 million; South Korea – USD 32 million. USD 22 million, USD 12 million and USD 11 million came from the companies registered in the Netherlands, the British Virgin Islands and Luxembourg, respectively, followed by the United States – USD 9 million.
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