Investor Presentaiton
Source: IMF, WEO (October 2021)
-5,000
-10,000
2013
PACE OF ECONOMIC RECOVERY IS HIGHER THAN EXPECTED
Gross domestic product
2014
2015
Nominal GDP structure, 1H21
According to preliminary estimates, real GDP grew by 12.5% y-o-y in 1H21, including a
29.9% growth in 2Q21
20,000
16,489
I Nominal GDP, USD mn
17,189 17,625
--Real GDP, YOY %
Accommodation and food
service activities
Information and Other
communication
8%
Industry
17%
3%
17,597 17,422
16%
3%
16,249
15,112
14,948 15,142
15,888
12.5%
15,000
12%
7.4%
6.4%
10,000
8,185
4.4%
4.8% 4.8%
5.1%
7,319
8%
Healthcare
5%
Education
4%
3.6%
3.0%
2.9%
5,000
4%
Financial and insurance
activities
5%
0
2016
2017
2018
Source: Geostat
Georgia's medium-term growth rate forecast increased from 5.1% to 5.8%
in the IMF's latest World Economic Outlook (October 2021)
Comparative real GDP growth rates, % (2021-2026 average) | IMF
2019
-6.2%
-6.0%
2020
1H20
1H21
5.8
5.2
4.6
4.4
4.4
4.3
3.9
3.8
3.7
3.6
3.3
do
50.0
40.0
30.0
20.0
2.5
2.0
1.2
-10.0
-20.0
Georgia
Moldova
Armenia
Romania
Estonia
Turkey
Latvia
Poland
Ukraine
Czechia
Lithuania
Russia
Azerbaijan
Belarus
-30.0
Source: Geostat
0%
-4%
Transportation and storage.
6%
-8%
Public administration and
defence
7%
Construction
8%
Agriculture
7%
Monthly Economic Activity Estimate, Y-o-Y growth
Flash estimates show the economy growing by 11.3% Y-o-Y in 9M21
10.0 4.6 6.0 5.1 4.7 5.0 6.1 5.8 5.2 5.7 6.4
0.0
Source: Geostat
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
3.8 5.1
2.2
Jan-20
Feb-20
Mar-20
-2.7
13.5
-16.613
-7.7-5.5-5.3
Apr-20
May-20
Jun-20
-0.7-3.9
-7.7
-7.911.5
-5.1
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
4.0
Real estate
11%
44.8
25.8
18.7
9.910.36.9
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
78
Trade
16%
GEORGIA
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