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THE                      JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.81, # 1, 2024, pp. 65-75

                    As for the distribution of direct foreign investments by region in 2020-2023, Tbilisi
                    leads with 81%. Only 6% of the total volume of investments was made in Kvemo
                    Kartli and Adjara, and 2% - in Shida Kartli, Samegrelo-Zemo Svaneti and Mtskheta-
                    Mtianeti.

                    In  Racha-Lechkhumi  and  Kvemo  Svaneti,  Guria  and  Kakheti,  foreign  direct
                    investments are almost not carried out. Unfortunately, the largest part of direct foreign
                    investments is carried out only in the capital, while the development of the rest of the
                    regions is not observed in this regard.

                    As for foreign direct investments by the sectors of the largest economy in 2020-2023,
                    financial and insurance activities lead with a total of 36%, followed by processing
                    industry  with  11%.  The  volume  of  foreign  direct  investments  in  the  sectors  of
                    education, health and social services, professional, scientific and technical activities
                    is  very  small  and  makes  up  only  4%  of  the  total.  The  volume  of  direct  foreign
                    investments in real estate-related activities in 2020-2023 is 9%.

                    As for direct foreign investments according to the size of enterprises, from 2016 to
                    2023, they are carried out in large businesses. A particularly high figure is recorded
                    in 2023 and amounts to 2,492,791 US dollars.

                    Chart N4 Foreign direct investments by size of enterprises  (2016-2023  years,
                    thousand US dollars)

                              3.000.000.0
                              2.500.000.0
                             thousand US dollars  1.500.000.0
                              2.000.000.0



                              1.000.000.0
                               500.000.0
                                    0.0
                               -500.000.0
                                          2016    2017   2018   2019    2020   2021   2022   2023*
                                  Large  1.136.00 1.165.69 816.670. 637.026. 422.382. 540.461. 892.920. 2.492.79
                                  Medium 327.582. 378.799. -13.512. 402.339. 87.261.2 226.876. 442.596. 1.159.07
                                  Small  190.405. 446.028. 547.450. 314.726. 85.614.0 485.391. 762.380. 1.648.11
                                                      Large  Medium   Small

                    Source: Compiled by the author. The data of the National Statistical Service of
                    Georgia are used (National Statistical Service of Georgia, Foreign Direct
                    Investments 2024)


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