Foreign direct investment in Georgia's economy falls 18.6% to $1.57 bln in 2024 - adjusted data

TBILISI. Aug 15 (Interfax) - Foreign direct investment in Georgia's economy fell 18.6% in 2024 to $15.7 billion, national statistics office Geostat said, quoting adjusted data.

Geostat said earlier in preliminary data that incoming FDI had fallen 30% in 2024 to $1.33 billion, so the adjusted figure is $235.5 million or 17.7% higher. It said the difference between the preliminary and adjusted data was due to a reinvestment and lending revision by several enterprises.

According to the adjusted data, the three biggest country investors provided 54.4% of the FDI: the UK with 27.5% or $431.1 million, the Netherlands 14.7% or $230.9 million and Malta with 12.2% or $191.7 million.

The three biggest sectors by FDI received 60.2% of the investment: the financial and insurance sector received $579.5 million or 36.9% of the total, manufacturing - $183.6 million or 11.7% and real estate - $182 million or 11.6%.

Geostat said 85.8% of the FDI was reinvested capital last year.

It also adjusted FDI received 2020-2024: the total for the period grew 4% to $7.61 billion.

Foreign direct investment in the Georgian economy was $1.93 billion according to adjusted data in 2023, compared with to $2.22 billion in 2022, $1.26 billion in 2021 and $0.6 billion in 2020.