Investor Presentaiton
45
2012
RECORD HIGH REMITTANCES MITIGATING
DECREASED TOURISM REVENUES
Foreign investor interest remains resilient
Sources: GeoStat
2013
FDI, US$ mn
Remittances at record levels
Source: NBG
2014
2015
2016
FDI, % of GDP
2017
2018
2019
2,000
25%
1,800
3600
8.7
1,600
20%
7.9
3100
6.7
1,400
6.3
2600
5.7
5.9
1,200
1,000
10.3%
11.1%
11.7%
15%
10.3%
4.7
2100
800
6.9%
7.5%
7.2% 7.1% 7.4%
10%
1600
3.1
6.2% 5.9%
6.2%
600
1100
400
5%
600
200
0
0%
100
☐
9M19
9M20
Remittance inflows have reached record high levels after bouncing back in June, with average
annual growth in 2H20 equaling 20.2%
million $
225
205
185
165
137
132
145
126
126
125
105
85
450
400
200
350
193
184
182
300
189
169
170
250
m
200
150
100
50
0
65
79
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017
2018
2019
2020
Jan-17
Mar-17
May-17
2011
2012
Visitors and tourism revenues
Sources: GNTA, NBG
Tourism revenues fell by 83% in 2020, as borders remain closed, including a 96% fall in Apr-Dec
2013
Tourism Revenues, $ mn
Merchandise exports
Source: Georstat
Goods exports fell by 12% y-o-y in 2020
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Exports, US$ mn, LHS
Nov-18
Jan-19
2014
Mar-19
May-19
Jul-19
% change y/y, exports, RHS
Sep-19
Nov-19
Jan-20
Mar-20
쫑 May-20
Jul-20
Sep-20
2015
Nov-20
75
2016
2017
International Traveler Trips, mn
2018
40%
W
20%
0%
-40%
-20%
2019
60%
2020
1.7
9.4
Millions
10
1
F98765432-0
GEORGIA
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