Fiscal and Loan Portfolio Analysis

GDP per capita is low, leaving much room to climb GDP per capita across countries 45,000 US$ 40,000 35,000 30,000 25,000 20,000 16,680 15,000 13,980 12,530 10,580 10,000 9,500 7,770 8,230 5,000 2,520 2,921 3,850 5,190 39,000 Ukraine Georgia China Belarus Romania Russia Turkey Poland Hungary Estonia Czech Republic Western Europe US$ 4,500 average (EU 15+) 4,000 3,500 2,921 2,984 3,000 2,737 2,555 2,556 2,641 2,500 2,034 2,000 1,500 1,000 500 0 China 2006 Source: IMF, National Bank of Georgia Labkon BANK OF GEORGIA www.bog.ge/ir Bulgaria 2003 Poland 1994 Turkey 2002 Romania 2003 Georgia 2008 Russia 2003 March 2010 Page 8

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