BAKU: Georgia received $1.6 billion in foreign direct investment in 2023, a 24 percent reduction from the previous year, Trend reports.

The largest investment influx was in company authorized capital, which increased by $476 million to $1.16 billion in total. Re-investments fell to $1.27 billion, a $99 million fall, while debt (trade obligations and loans) was lowered by $857 million.

Financial and insurance industries attracted the most investor interest, accounting for $630.1 million or 39 percent of total investment. The manufacturing industry came in second with $291.7 million, followed by the transportation sector in third with $138.2 million.

Ranking of Georgia’s largest investor countries in 2023:

– UK: $392 million (-10 percent);

– The Netherlands: $361 million (+84 percent);

– Trkiye: $169 million (+206 percent);

– US: $154 million (-13 percent);

– Russia: $88 million (-19 percent);

– Malta: $80 million (+105 percent);

– Azerbaijan: $54 million (+3053 percent);

– China: $47 million (+8 per
cent);

– Japan: $46 million (-22 percent);

– Kazakhstan: $43 million (+33 percent).

Source: Trend News Agency