Spain, UK, Ireland Georgia's top investing countries in Q3 2022
Foreign direct investments in Georgia totalled $745.3 million in the third quarter, doubling from the adjusted data of Q3 2021. Photo: Nino Alavidze/agenda.ge
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Spain was Georgia's major foreign direct investor country in the third quarter of 2022 with $165.9 million, followed by the United Kingdom with $122.9 million and Ireland with $120.3 million, the National Statistics Office of Georgia reported in its latest figures on Friday.
Image: Geostat
The top three sectors with the largest share of FDI in the third quarter of 2022 were as follows:
- Real estate - $265.3 million
- Financial, insurance - $159 million
- Arts, entertainment and recreation activities - $143.2 million
Overall, foreign direct investments in Georgia totalled $745.3 million in the third quarter, doubling from the adjusted data of Q3 2021.
Geostat also said equity was six times higher in Q3 2022 from the previous year and amounted to $226 million, which is also 30.3 percent of the total foreign direct investment. Reinvestment amounted to $446.9, with its share of total FDI standing at 60 percent.