Investor Presentaiton
Sources: NBG
30
20
10
0
-10
-10.9
-20
-15.3
-19.6
-22.0
-30
-40
2005
Current account deficit supported by FDI
Current account balance (% of nominal GDP)
Exports and Re-exports, US$ bln
2008
Goods, net
Current transfers, net
Goods' Trade Deficit
Source: GeoStat
500
300
100
-100
-300
-500
-700
Тулинци
Trade Deficit, US$ mn, LHS
-10.6 -10.3
-12.8
-11.7
Www Services, net
Current account
2012
2013
Jan-15
Mar-15
May-15
Jul-15
Sep-15
Nov-15
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
% change y/y, trade deficit, RHS
I
-5.8
2014
-10.7
-12.0
-12.8
☑
2017
10
0
-10
-8.6
-20
-30
-40
Source: NBG
20
2000
2001
2002
200321
■Re-exports
1.0
0.1
ܘ ܝ 2004
Investment income, net
FDI and capital goods import
Source: GeoStat
Mar-18
3.0
3.0
2.6
2.0
1.6
3.2 3.4
3.1
3.1
2.5
2.5
3.1
2.1
1.9
2.6 2.5
1.8
1.3
1.4
1.6
0.1
0.2
0.2
0.3
0.2
0.7
0.5
2005
2006
2008
2009
2010
2011
م 2012
0.9 1.1 0.9
0.4
0.3
0.5
2013
2014
Goods exports, geo-originated
20
Service exports
2015
2016
2017
40%
20%
30%
17.2%
15.1%
20%
15%
12.3%
10%
11.0%
11.8%
12.3%
11.1%
9.6%
0%
8.4%
10%
7.1%
-10%
6.2%
7.3% 7.8% 6.5% 6.3%
-20%
5%
7.9% 8.2% 7.9%
7.6%8.4%
8.5%
9.1%
-30%
5.2% 5.6% 5.8%
7.0%
7.7%
8.1%
5.9% 6.0%
-40%
0%
FDI to GDP, %
Capital goods imports to GDP, %
2016
Page 66
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