Georgia Capital Shareholder and Market Opportunity Overview
MACROECONOMIC INDICATORS IN 2021
RECORD HIGH REMITTANCES AND REBOUNDING MERCHANDISE
EXPORTS SUPPORTING RECOVERY
GEORGIA
CAPITAL
REAL GDP GREW BY 4% IN MARCH 2021 ON THE BACK OF LIGHTER
RESTRICTIONS AND THE BASE EFFECT
2021
2021
Remittances, USD million
Remittances, y/y
30%
Real GDP, y/y
VAT Turnover, y/y
22%
O
20%
145%
10%
4.0%
0% 5.1%
50%
2.2%
9%
9%
18% 22% 26% 29% 19% 13% 16% 19% 18%
-10%
-2.7%
-9%
-10%
-42%
-20%
-0.7%
-5.5% -5.3%
-3.9%
-5.1%
-7.7%
-7.7% -7.9%
-11.5%
-13.5%
-16.6%
-30%
126 137
126 79 132 169 189 184 193 182 170 200 150
161
188 194
-40%
Jan Feb
Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan
Feb
Mar Apr
Jan Feb Mar Apr May Jun
Jul Aug Sep Oct
Nov Dec Jan Feb Mar
100%
I Exports, USD million (RHS)
Imports, USD million (RHS)
1,000
70%
75%
- Exports, y/y (LHS)
- Imports, y/y (LHS)
Tourism revenue (USD million)
193 161 74 8
9
11
12
15
16
15
13
15
10
10
14
30
57% 800
50%
31%
18%
25%
13%
9%
3%
600
-1%
-2%
-5%
-7%
0%
-23%
-14% -15%
-13%
-18%-16%
-29% -31%
Tourism revenues, y/y
400
-25%
-60%
-70%
-50%
200
-75%
97% -97% -97% -97% -96% -95% -94% -94% -93% -95%*
-91%
-100%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Georgia Capital PLC | Source: NBG, Geostat, Geostat's rapid estimates.
Jan Feb
Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Mar
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