Tracking Georgia's Economic Recovery
DIVERSIFIED SOURCES OF CAPITAL
58
FOREIGN DIRECT INVESTMENTS
Source: Geostat
TOURISM REVENUES
Source: NBG, Geostat
2.5
FDI down 25.6% y/y in 1H20
25%
4.0
Tourism revenues down 80.7% y/y in 9M20, due
to COVID pandemic
25%
18.3% 18.4%
2.0
20%
16.6%
20%
3.0
13.9%
1.5
10.4%
11.6% 10.9%
12.2%
12.5%
15%
15%
10.0% 10.1%
2.0
8.6%
1.0
7.1% 7.5%
6.4% 6.0%
7.4% 7.4%
10%
5.4% 6.3%
10%
1.0
0.5
5%
5%
0.0
0%
0.0
0%
FUNDING
FDI, US$ bn
FDI as % of GDP
REMITTANCES - STEADY SOURCE OF EXTERNAL
Remittances up by 6.2% y/y in 9M20
Tourism revenues, US$ bn
Tourism revenues as % of GDP
Source: NBG, Geostat
PUBLIC EXTERNAL BORROWING FOR CAPEX, % OF
GDP
Source: MOF, Geostat
2.1
9.8%
7%
1.8
8.6% 8.4% 8.1% 8.6% 8.2%
8.5% 9.0%
5.8%
7.2%
7.6%
10%
6%
5.4%
1.5
1.7
5%
1.6
1.2
1.5
1.4
0.9
1.3
1.3
1.1
1.1
1.2
12
1.4
4%
5%
3%
3.2%
3.3%
3.1%
3.0% 3.1%
2.5%
2.8%
2.0%
0.6
2%
0.3
1%
0.0
0%
0%
Remittances, US$ bn
Remittances as % of GDPView entire presentation