Portfolio and Acquisitions Summary 2019
Diversified sources of capital
Strong foreign investor interest
Sources: GeoStat
FDI, US$ mln, LHS
FDI as % of GDP
2,500
25%
3600
3100
2,000
20%
2600
5.7
5.9
1,500
11.6%
12.1%
10.4%
10.9%
15%
4.7
2100
8.4%
1,000
6.9% 7.5%
6.2% 5.9%
7.2% i
7.1%
1600
3.1
10%
1100
500
5%
600
0
0%
100
2017
Source: NBG
million $
Remittances - steady source of external funding
Remittances increased to US$ 1.7 billion, up 9.7% y-o-y in 2019
172
185
155
165
146
144
146
150
153
151
138 137
145
125
116
125
105
85
65
45
Jan
Feb
Mar
2016
Apr
May
Jun
Jul
Aug
Sep
2017
2018
Oct
2019
Nov
Dec
Jan-16
Mar-16
May-16
Jul-16
2018
9M2018
9M2019
2011
2012
2013
I Tourism inflows, US$ mn, LHS
2014
Visitors and tourism revenues
Sources: GNTA, NBG
2015
2016
8.7
9.4
10.0
7.9
63
6.3
6.7
8.0
6.0
4.0
2.0
Export continues to support economic growth
500
400
300
100
༔ ༔ ༔ ཋ 。
200
Source: Georstat
In 2019, exports increased by 12.4% y-o-y to US$ 3.7 billion
тим
Sep-16
Nov-16
Jan-17
Jul-17
Mar-17
May-17
Sep-17
Nov-17
Jan-18
Mar-18
Jul-18
May-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Exports, US$ mn, LHS
% change y/y, exports, RHS
Page 62
Jul-19
Sep-19
Nov-19
-40%
2017
Number of foreign visitors, mln, RHS
60%
40%
20%
0%
-20%
2018
2019
0.0
GEORGIA
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