In the first quarter of 2022, Georgia received $568.2 million in foreign direct investment (FDI), which is 4.3 times more than in the same period last year, according to the Georgian National Statistics Service.
“Most of the investments come from reinvestment. This means that there are still fewer new investments in the country, and existing investors reinvest their earnings / profits. As a result, the increase was mainly due to an increase in equity capital and reinvestment rates,” the researchers note.
As for the sectoral distribution of investments, it is as follows: the energy sector – $ 236.4 million (41.6% of total FDI), the financial sector – $ 111.1 million (19.5%), the real estate sector – $ 81.3 million (14.3%).
In terms of direct investment in Georgia, the top three investor countries include Spain – $ 196.1 million (34.5% of total FDI), the UK – $ 87.2 million (15.3%) and Turkey – $ 67, 1 million (11.8%).
According to the service, for the first time since 2017, Russian investments in Georgia recorded negative growth – in the first quarter of 2022, foreign direct investment from Russia amounted to minus $ 11.2 million.