Georgia Capital Portfolio Overview
Diversified sources of capital
Strong foreign investor interest
Sources: GeoStat
2,000
Visitors and tourism revenues
Sources: GNTA, NBG
GEORGIA
CAPITAL
FDI, US$ min, LHS
FDI as a % of GDP
25%
mln $
3600
8.7
10.0
17.2%
12.3%
1,500
1,000
8.5%
500
0
9.6%
7.1%
15.1%
ནི 1:|:ཀ ཀ
Remittances - steady source of external funding
Source: NBG
Remittances increased to US$ 806 million, 8.3% y-o-y in 1H19
7.9
3100
20%
6.7
6.3
8.0
2600
5.7
5.9
11.0%
10.9%
11.9% 12.6%
2100
4.7
6.0
15%
1600
3.1
6.2%
7.3% 7.8%
6.5% 6.3%
4.0
7.6%
10%
1100
2.0
600
5%
100
0.0
0%
2011
2018
US$ millions
165
146 144
138 137
145
125
116
125
400
350
300
250
105
85
200
150
100
65
50
45
0
Jan
Feb Mar
Apr May Jun
Jul
Aug Sep Oct Nov
Dec
2015
2016
2017
2018
2019
Tourism inflows, US$ mln, LHS
Number of foreign visitors, mln, RHS
Export continues to support economic growth
Source: Georstat
In seven months of 2019 exports increased by 12.3% y-o-y to US$ 2.1 billion
тил
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
-10.0%
-20.0%
-30.0%
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Exports, US$ min, LHS
% change y/y, exports, RHS
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