Georgia Capital Portfolio Overview
Current account deficit supported by FDI
Current account balance (% of nominal GDP)
Sources: NBG
30%
20%
10%
0%
-10%
-5.8% -6.1% -6.5%
-7.0%
-9.7%
-11.1%
-20%
-15.2%
-19.8%
-22.0%
-30%
-40%
2000
2001
2002
2003
2004
10.6% 10.3%
2005
2006
2007
2008
2009
2010
GEORGIA
CAPITAL
30%
Source: NBG
Exports and Re-exports, US$ billion
20%
10.0
10%
9.0
8.0
0%
Service exports
■Goods exports, geo-originated
■Re-exports
0.8
7.0
-12.8% 11.9%
-5.9%
-10.8%
3% 12.6% 13.1%
-8.8% -7.7%-6.2%
-10%
6.0
1.1 0.9
0.5
0.9
-20%
5.0
I
0.4 0.3
3.6
4.0
-30%
3.1
3.0
0.3
0.5
2011
2012
2013
2014
2015
2016
2017
2018
2019Q1
-40%
2.0
0.1
0.0 0.0 0.0
0.0
1.0
Investment income, net
0.6 0.7
1.0
0.0
04
FDI
0.5
0.7
0.6
2000
2001
Capital Goods Import, % of GDP
17.2%
15.1%
FDI, % of GDP
2002
2003
2004
2005
2006
2007
2008
2009
0.2
0.2
0.1
0.2
2.5
3.1 3.1 2.6 2.5
2.5
2.1
1.9
1.6
0.9
1.1 1.3 1.3
1.6 2.0 2.6 3.0 3.0 3.1 3.3
2010
2011
2012
2013
2014
2015
2016
2017
2018
4.0
4.5
Services, net
Current account
Goods, net
Current transfers, net
FDI and capital goods import
Source: GeoStat
20.0%
15.0%
9.6%
8.4%
10.0%
7.1%
4.7%
4.3%
3.4%
5.0%
12.3%
12.6%
11.9%
11.0%
10.9%
7.3%
7.8%
6.2%
65% 6.3%
20.0%
15.0%
7.6%
10.0%
0.0%
0.0%
2000 2001 2002 2003 2004 2005 2006 2007
2008
2009
2010 2011
2012 2013
2014
2015
2016
2017
2018
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