Bank of Georgia Growth and Reform Strategy
GEORGIA AT A GLANCE
Hamburg
Dusseldorf Leipzig
GERMANY
Frankfurt
General Facts
Herdam
Area: 69,700 sq km
Population (2019): 3.7 mln
Life expectancy: 74 years
Official language: Georgian
Literacy: 100%
Capital: Tbilisi
Currency (code): Lari (GEL)
Economy
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Nominal GDP (Geostat) 2019E: GEL 49.4 bln (US$17.6 bln)
Real GDP growth rate 2015-2019E: 3.0%, 2.9%, 4.8%, 4.8%, 5.2%
Real GDP 2011-2019E annual average growth rate: 4.7%
GDP per capita 2019E (PPP): US$ 13,443
Annual inflation (e-o-p) 2019: 7.0%
External public debt to GDP 2019E: 31.9%
BANK OF GEORGIA
POLAND
BELARUS
CZECH REP.
SLOVAKIA
UKRAINE
Penza
KAZA
Munich
MOLDOVA
AUSTRIA
LECHENSTEN
HUNGARY
Elista
WICZERLAND
SLOVENIA
Milan
Turin
ROMANIA
BOSNIA &
Genoa CROATIA HERZEG
Majkop
Nalčk
MONAS
ce SAN
MARINO
CAN
Grozny
YUGOSLAVIA
ALBANIA MACEDONIA
Salon
BULGARIA Black Sea
Macha
GEORGIA
ARMENIA AZERBAUA
TURKEY
AZER
GEORGIA
Sovereign Credit Ratings
Rating Agency
MOODY'S
Fitch Ratings
Rating
Outlook
Affirmed
Ba2
Stable
September 2019
BB
Stable
August 2019
S&P Global
BB
Stable
October 2019
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