Azerbaijan’s investment in Georgia falls 16% in early 2026

Azerbaijan’s foreign direct investment (FDI) in Georgia’s economy totalled $20.9 million in the first quarter of 2026, marking a decline compared with the same period last year, according to official data.

Citing Georgia’s National Statistics Office, Azerbaijani FDI stood at $24.9 million in January–March 2025, meaning investment flows decreased by 16% year-on-year, Caliber.Az reports per local media. 

Despite the decline, Azerbaijan remained one of Georgia’s key investors, ranking fourth among source countries during the reporting period.

Overall, Georgia attracted $271.2 million in foreign direct investment in the first quarter of 2026. The top three investors were the United Kingdom, the United States, and the Netherlands, reflecting continued strong inflows from Western economies.

The data also highlights fluctuations in recent years. In 2025, Azerbaijani FDI in Georgia reached $143.9 million, significantly higher than the $83.9 million recorded in 2024, indicating a sharp annual increase despite the recent quarterly decline.

By Sabina Mammadli