Azerbaijan increased FDI in Georgia's economy by 4% since early 2024

Foreign direct investment (FDI) from Azerbaijan into Georgia's economy amounted to $48 million in January-September 2024, Report informs via the National Statistics Service of Georgia.

FDI from Azerbaijan increased by 4% over nine months compared to the same period last year.

Azerbaijan ranked 8th in terms of FDI volume in Georgia's economy for January-September of this year. According to statistics, FDI in Georgia's economy for nine months amounted to $966 million and decreased by 40% compared to the same period last year.

Meanwhile, in the third quarter, FDI inflow halved to $198 million. The decline in FDI is mainly due to a drop in investments from the Netherlands by 3.3 times, to $115 million. Investments from the US halved to $74 million, from Türkiye decreased by 19% (to $89 million).

At the same time, there was an increase in FDI from the UK by 42% (to $226 million), Malta - by 51% ($108 million), Czech Republic - by 50% ($89 million), Japan - by 12% ($102 million), Marshall Islands - by 12% ($34 million).

In the structure of economic sectors in January-September, FDI in energy amounted to $150 million (10% decrease), in manufacturing - $147 million (50% decrease), in trade - $126 million (54% less), in real estate - $89 million (8% increase), transport - $82 million.

In 2023, foreign direct investment in Georgia's economy decreased by 24% compared to 2022 to $1.6 billion.