Georgia Capital Financial Highlights
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%
10%
1600
3.1
1100
500
5%
600
0
0%
100
2017
2018
Source: NBG
million $
Remittances - steady source of external funding
Remittances increased to US$ 1.7 billion, up 9.7% y-o-y in 2019
500
172
185
155
165
146
144
146
150
153
400
151
138 137
145
125
116
125
105
100
85
65
0
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
2016
2017
2018
Oct
2019
Nov
Dec
Jan-16
Mar-16
May-16
Jul-16
9M2018
9M2019
2011
2012
2013
Visitors and tourism revenues
Sources: GNTA, NBG
2014
2015
2016
8.7
9.4
10.0
7.9
63
6.3
6.7
8.0
6.0
4.0
2.0
Tourism inflows, US$ mn, LHS
Number of foreign visitors, mln, RHS
Export continues to support economic growth
300
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
Jul-19
Mar-19
May-19
Sep-19
Nov-19
Exports, US$ mn, LHS
% change y/y, exports, RHS
Page 62
-40%
2017
60%
40%
20%
0%
-20%
2018
2019
0.0
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