P&C Insurance and Beverages Business Financial Overview
Current account deficit down to historic lows
Current account balance (% of nominal GDP)
Sources: NBG
Exports and Re-exports, US$ billion
30%
20%
10%
0%
-10%
-20%
-9.8%
-30%
-40%
2010
Source: NBG
Double digit shrinking in the trade deficit helped CAB to improve to a
historic low of under 3% in 9M19
10.0
20%
10%
8.0
0%
6.0
-10%
-2.7%
-12.2%
-11.4%
-5.6%
-10.2%
40
4.0
-8.1%
-6.8%
-6.1%
-20%
-11.8%
-12.5%
-30%
2.0
-40%
2011
2012
2013
2014
2015
2016
2017
2018
9M2018
9M2019
20
00
0.0
Goods, net
Services, net
Investment income, net
Current transfers, net
Current account
FDI and capital goods import
Source: GeoStat
20.0%
15.0%
FDI
GEORGIA
CAPITAL
■Service exports
■Goods exports, geo-originated
0.8 1
■Re-exports
0.5
1.1 0.9
0.5
0.7
0.9
0.4 0.3
3.6
0.7
3.1
2.7 2.9
0.3
33
0.5
3.1 3.1 2.6 2.5
0.2
2000
2001
2002
8158 2007
0.0 0.0 0.0 0.0 0.1
0.1 0.2
0.6 0.7
2004
2005
2006 R
20
0.2
2.5
2.5
1.9
2.1 1.6
4.0
4.5
2.6 3.0 3.0 3.1 3.3
3.5 3.6
1.1
1.3
1.6 2.0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
------
9M2018
9M2019
11.1%
11.7%
10.3%
10.3%
8.7%
10.0%
6.9%
7.5% 7.2%
8.1%
5.7%
6.2%
5.9% 6.5%
7.2%
7.9%
8.5%
8.4% 8.6%
7.6%
8.0%
7.2%
7.1%
5.0%
0.0%
2010
2011
2012
2013
2014
2015
2016
2017
2018
9M2018
9M2019
FDI, % of GDP
■Capital Goods Import, % of GDP
Page 61View entire presentation