Geostat: 2011 FDI USD 1.1 Billion
Civil Georgia, Tbilisi / 15 Aug.'12 / 18:20

Foreign direct investment in Georgia increased 37% year-to-year in 2011 to over USD 1.1 billion, according to final data released by state statistics agency Geostat on August 15.

The figure is revised upwards from Geostat’s preliminary FDI data which stood at USD 980.1 million.

According to Geostat most of the FDI in 2011 came from companies registered in the Netherlands – USD 241.8 million, followed by Azerbaijan – USD 138 million; Denmark –USD 97.2 million; Turkey – USD 75.5 million; Russia – USD 55.4 million; the UK – USD 55 million; the Czech Republic – USD 46.6 million; Luxembourg – USD 43.3 million; British Virgin Islands – USD 42.1 million;

USD 94.9 million FDI is attributed in the Geostat figures to “international organizations.”

Real estate attracted most of the FDI in 2011 – USD 224.8 million, followed by energy sector – USD 204 million; financial sector – USD 167.7 million; transportation and communication – USD 126.5 million; processing industry – USD 120.3 million; construction – USD 48.1 million; mining – USD 40.2 million; hotels and restaurants – USD 22.7 million; healthcare – USD 16.8 million; agriculture – USD 14.9 million.

According to Geostat’s preliminary data, FDI in the first quarter of 2012 reached USD 269.3 million, 28.4% y/y increase.

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