Georgia's Economic Outlook 2020
CURRENT ACCOUNT DEFICIT SUPPORTED BY FDI
CURRENT ACCOUNT BALANCE (% OF NOMINAL GDP)
59
Source: NBG, Geostat
30%
20%
6.0%
Goods, net
6.5%
Services, net
10%
4.6%
Income, net
5.3%
8.1%
Transfers, net CA deficit .net FDI
9.5%
8.2%
10.4%
5.3%
5.6%
0%
-10%
-5.6%
-20%
-9.8%
-12.2%
-11.4%
-10.2%
-8.1%
-6.8%
-5.1%
-11.8%
-12.4%
-30%
-40%
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
FDI AND CAPITAL GOODS IMPORT
Source: Geostat
BUILDING INTERNATIONAL RESERVES, US$ BN
18%
Source: NBG
4.0
11.6%
12.1%
3.5
13%
10.9%
3.3
3.4
3.5
3.0
10.4%
2.8 2.9
7.1% 7.5% 8.1%
8.5%
3.0
2.8 2.7
2.8
2.5
7.8%
2.3
8%
6.5%
2.5
2.1
7.2% 6.4%
7.2%
8.7%
7.9%
7.6%
7.2% 7.1%
2.0
1.5
6.0%
3%
1.5
5.7%
1.0
0.5
-2%
0.0
--FDI to GDP, %
11
Capital goods imports to GDP, %
2011View entire presentation