On December 10, the National Statistics Service of Georgia reported that foreign direct investment (FDI) from Azerbaijan into Georgia's economy reached $48 million during January-September 2024, marking a 4% increase compared to the same period in 2023. Azerbaijan ranked 8th among FDI contributors to Georgia's economy during this period.

Total FDI in Georgia for the nine months amounted to $966 million, representing a 40% decrease compared to the same period in 2023. In the third quarter alone, FDI inflows dropped by half to $198 million. The decline was primarily driven by a 3.3-fold reduction in investments from the Netherlands, totaling $115 million, as well as a 50% decrease in investments from the US ($74 million) and a 19% decrease from Türkiye ($89 million).

Conversely, there were notable increases in FDI from the UK (up 42% to $226 million), Malta (up 51% to $108 million), the Czech Republic (up 50% to $89 million), Japan (up 12% to $102 million), and the Marshall Islands (up 12% to $34 million).

In sectoral distribution from January to September, FDI in Georgia’s energy sector totaled $150 million, marking a 10% decline. The manufacturing sector attracted $147 million, a 50% decrease, while the trade sector saw a 54% drop to $126 million. The real estate sector, however, experienced an 8% increase, attracting $89 million, while the transport sector secured $82 million in investments.

For 2023, FDI in Georgia’s economy fell by 24% compared to 2022, amounting to $1.6 billion.