Georgia's Economic Outlook 2020

INTERNATIONAL VISITORS BY COUNTRY RECENT TREND – TOURIST ARRIVALS DOWN DUE TO COVID-19 - 68 TOURIST ARRIVALS BY MONTH Source: GNTA 1.5 INTERNATIONAL VISITORS BY TYPE 1.33mn 1.5 1.33mn -16.0% y/y -16.0% y/y 1.12mn 1.12mn 0.30mn 0.45mn Other -21.3% Same-day 1.0 1.0 Uusmn 0.27mn 0.36mn EU 0.25mn 006mn 0.17mn Russia 0.20mn 0.5 0.18mn Turkey 0.5 0.88mn -13.2% 0.76mn 0.23mn 0.29mn 0.0 1Q19 0.18mn 0.26mn 1Q20 Armenia Tourists Azerbaijan 0.0 1Q19 1Q20 800 2019 2020 Y-o-Y growth 600 18.9% 400 -56.1% 4.0% 200 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: GNTA 500 300 100 -100 -300 -500 Jan-18 TOURISM REVENUES AT US$ 430MN IN 1920 Source: NBG, Galt & Taggart Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 اللسا Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Tourism revenues, US$ mn Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 % change y/y Mar-20 100% 60% 20% -20% -60% -100% Source: GNTA

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