Investor Presentaiton
500
0
2010
2,000
1,500
1,000
6.9%
7.5%
6.2% 5.9%
2011
Diversified sources of capital
Strong foreign investor interest
Sources: GeoStat
2,500
2012
2013
FDI, US$ mln, LHS
2014
2015
10.4%
2016
FDI as % of GDP
2017
m $
185
Remittances
Source: NBG
Remittances fell by 9% in March 2020 and are expected to fall
further as the global recession accelerates in 2Q20
165
137
145
126
126
125
105
85
65
45
Jan
Feb
Mar Apr
2017
May Jun
Jul
Aug
Sep Oct Nov Dec
2018
2019
ā2020
0
100
Jan-16
Mar-16
May-16
2018
2019
Sources: GNTA, NBG
25%
Visitors and tourism revenues
Tourism revenues fell by 70% in March, while 1Q20 was down by 26%
9.4
20%
3600
8.7
7.9
3100
11.6%
12.1%
10.9%
15%
2600
5.7
5.9
6.3
6.7
4.7
7.2%
7.1%
10%
2100
3.1
1600
5%
1100
600
0%
100
2011
I Tourism inflows, US$ mn, LHS
Number of foreign visitors, mln, RHS
Merchandise exports
500
400
300
200
Source: Georstat
Goods exports fell by 21.5% in March 2020, by 5.6% in 1Q20
whi
Jul-16
Sep-16
Sep-16
Nov-16
Nov-16
Jan-17
/L-uer
Mar-17
Mar-17
May-17
May-17
Jul-17
Exports, US$ mn, LHS
Jul-17
Sep-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
10
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
% change y/y, exports, RHS
Page 69
Nov-19
Jan-20
Mar-20
-40%
2018
2019
60%
40%
20%
0%
-20%
3M2019
10.0
8.0
6.0
4.0
1.6
1.3
2.0
0.0
3M2020
GEORGIA
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