Investor Presentaiton
Jan
-17%
REAL GDP ON TRACK FOR DOUBLE-DIGIT
GROWTH, UP 11.3% Y-O-Y IN 9M21
Real GDP Y-o-Y change
Real GDP change vs 2019
2021
45%
26%
21%
19%
10% 10%
4%
9% 10%
5%
-3%
1%
2%
4% 4%
-1%
-7%
-3%
-4%
-6%-5%
-5%
-8%
-8%-8%
-12%
-14%
Jul
Aug
Georgia Capital PLC | Source:, Geostat's rapid estimates.
Sep
Oct
ΛΟΝ
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
REAL GDP UP 5.4% COMPARED TO 9M19
7%
6%
KEY DRIVERS
Expansionary fiscal policy boosting domestic demand and
continuing to contribute significantly to GDP growth;
Robust lending (up 15.8% Y-o-Y in September w/o the
exchange rate effect) both in retail and business sectors;
External recovery underway with solid FX inflows: record
high remittances, merchandise exports exceeding 2019
levels and tourism revenues rebounding to half of 2019
levels since July 2021;
Improving consumer and business sentiment supporting
spending and investment decisions;
Although the low base effect of 2020 remains in play,
performance has been exceptional compared to 2019 as
well.
Aug
Sep
GEORGIA
CAPITALView entire presentation