Georgia's Economic Outlook 2020

GEORGIA AT A GLANCE GENERAL FACTS Area: 69,700 sq km Population (2019): 3.7 mln Life expectancy: 74 years Official language: Georgian Literacy: 100% Capital: Tbilisi Currency (code): Lari (GEL) ECONOMY Nominal GDP (Geostat) 2019: GEL 50.Obln (US$17.7 bln) Real GDP growth rate 2015-2019: 3.0%, 2.9%, 4.8%, 4.8%, 5.1% Real GDP 2011-2019 annual average growth rate: 4.7% GDP per capita 2019 (PPP): US$ 13,579 Annual inflation (e-o-p) 2019: 7.0% External public debt to GDP 2019: 31.5% Hamburg Penza POLAND BELARUS Herdam Dusseldorf GERMANY Frankfurt Leipzig UKRAINE CZECH REP SLOVAKIA Munich KAZA MOLDOVA AUSTRIA LECHTENSTEN HUNGARY Elista WICZERLAND SLOVENIA Milan aturin ROMANIA Genoa CROATIA HERZEG BOSNIA Majkop Nalak MONA ce SAN Grozny MARNO CAN YUGOSLAVIA ALBANIA MACEDONIA BULGARIA Black Sea Machač GEORGIA ARMENIA AZERBAUA Naple Salon CALY TURKEY AZER Polerme SOVEREIGN CREDIT RATINGS 48 Agency Rating Outlook Affirmed MOODY'S Ba2 Stable March 2020 Fitch Ratings BB Negative April 2020 S&P Global BB Stable October 2019

View entire presentation