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BALANCE OF

PAYMENTS OF

GEORGIA

2009

NATIONAL BANK

OF GEORGIA

Central Bank in Georgia was fi rst

established in 1919

National Bank of Georgia

Tbilisi 2010

Balance of Payments of Georgia2009

CONTENTS

1. METHODOLOGICAL REVIEW ....................................................................................................................................................4 1.1. Methodological standards on the balance of payments .........................................................................................4 1.2. Methodological standards on the international investment position ...............................................................9 1.3. Methodological standards on the external debt .......................................................................................................9

2. THE BALANCE OF PAYMENTS OF GEORGIA FOR 2009 ................................................................................................ 11 2.1. General Overview ............................................................................................................................................................... 11 2.2. Current account .................................................................................................................................................................. 13 2.2.1. Goods .............................................................................................................................................................................. 13 2.2.2. Services ......................................................................................................................................................................... 20 2.2.3. Income ........................................................................................................................................................................... 24 2.2.4. Current transfers ....................................................................................................................................................... 26 2.3. Capital and Financial Account ........................................................................................................................................ 28 2.3.1. Capital Transfers .......................................................................................................................................................... 28 2.3.2. Foreign Direct Investment ...................................................................................................................................... 29 2.3.3. Portfolio Investment ................................................................................................................................................. 30 2.3.4. Financial Derivatives ................................................................................................................................................. 30 2.3.5. Other Investment ...................................................................................................................................................... 30 2.3.6. Reserve Assets ............................................................................................................................................................ 32

3. INTERNATIONAL INVESTMENT POSITION ....................................................................................................................... 33

4. EXTERNAL DEBT ........................................................................................................................................................................ 35

5. DATA SOURCE DESCRIPTION................................................................................................................................................. 38

6. APPENDICES ................................................................................................................................................................................. 40 Appendix 1. Balance of Payments of Georgia, 2005–2009 (standard presentation) .......................................... 40 Appendix 2. Balance of Payments of Georgia, 2005–2009 (analytical presentation) ......................................... 53 Appendix 3. Balance of Payments of Georgia, quarters of 2009 (standard presentation) ................................ 54 Appendix 4. Balance of Payments of Georgia, quarters of 2009 (analytical presentation) ............................. 66 Appendix 5. Balance of Payments of Georgia, quarters of 2009 (Standard presentation, short-form) ....... 67 Appendix 6. International Investment Position of Georgia, 2005-2009 ................................................................. 68 Appendix 7. International Investment Position of Georgia, 2009 quarter I ........................................................... 71 Appendix 8. International Investment Position of Georgia, 2009 quarter II .......................................................... 74 Appendix 9. International Investment Position of Georgia, 2009 quarter III ......................................................... 77 Appendix 10. International Investment Position of Georgia, 2009 quarter IV ...................................................... 80 Appendix 11.Gross External Debt of Georgia, 2006-2009 ........................................................................................... 83 Appendix 12. Exports of goods by countries, 2005-2009 ............................................................................................ 85 Appendix 13. Imports of goods by countries, 2005-2009 ............................................................................................ 88 Appendix 14. Exports by commodity groups, 2005-2009 ............................................................................................ 92 Appendix 15. Imports by commodity groups, 2005-2009 ........................................................................................... 95 Appendix 16. Exports of goods to Turkey, 2005-2009 ................................................................................................... 98 Appendix 17. Imports of goods from Turkey, 2005-2009 ...........................................................................................101 Appendix 18. Exports of goods to Ukraine, 2005-2009 ...............................................................................................104 Appendix 19. Imports of goods from Ukraine, 2005-2009 .........................................................................................106 Appendix 20. Exports of goods to Azerbaijan, 2005-2009 .........................................................................................108 Appendix 21. Imports of goods from Azerbaijan, 2005-2009 ...................................................................................110

4 National Bank of Georgia

Methodological Review

1. METHODOLOGICAL REVIEW

National Bank of Georgia is responsible for Balan-

ce of Payments compilation since 2007.

The balance of payments, international invest-

ment position and external debt of Georgia are

elaborated quarterly and annually in millions of US

Dollars. These documents do not include data on ex-

ternal economic operations of Abkhazia and Tskhin-

vali region.

The balance of payments, international invest-

ment position and external debt statistics of Geor-

gia are revised on a regular basis and can aff ect any

period. All the data in the following publication are

corrected based on revisions existing for the 31st of

August of 2010.

1.1 METHODOLOGICAL STANDARDS ON THE

BALANCE OF PAYMENTS

The balance of payments (BOP) is a macroeco-

nomic and statistical statement that systematically

summarizes, for a specifi ed time period, the econo-

mic transactions of an economy with the rest of the

world. The data is classifi ed and compiled according

to the international standards recommended by the

International Monetary Fund in the Balance of Pay-

ments Manual (fi fth edition).

Defi nitions and General Principles

Balance of payments structurally consists of two

parts: current account and capital and fi nancial ac-

count. The current account comprises: goods, servi-

ces, income, and current transfers. The capital and

fi nancial account comprises: capital transfers, direct

investment, portfolio investment, fi nancial derivati-

ves, other investment, and reserve assets. Transac-

tions refl ected in BOP are operations made between

residents and non-residents.

An economic unit is a resident unit when it has a

center of economic interest and a permanent loca-

tion in the economic territory of a country for more

than one year irrespective of the citizenship.

The economic territory of a country consists of

its geographic territory administered by a govern-

ment, where the persons, goods and capital circula-

te freely and are subject of the same monetary and

fi scal policy. Economic territory also consists of airs-

pace, territorial waters, territories from international

waters over which the country has exclusive rights,

territorial enclaves situated on the territory of other

countries, such as embassies, military bases, free

zones etc. In its turn the territorial enclaves of such

type that belong to other countries are not included

in the economic territory of the given country.

A physical or legal person has a center of economic

interest within a country when there exists some loca-

tion – dwelling, place of production, or other premises

– within the economic territory of the country, or from

which the unit engages or intends to continue enga-

ging, either indefi nitely or over a fi nite but long period

of time (one or more than one year).

The main principle that must be followed as an

evaluation base of the transactions is the market pri-

ce that is defi ned as amounts of money that a willing

buyer pays to acquire something from a willing sel-

ler, when both are independent parties and when all

considerations are solely commercial.

The time at which a transaction is recorded is the

real or estimated time at which ownership changes,

that is, the time when currency operations are regis-

tered in the accounting records of the banks or en-

terprises.

The BOP does not use the notion of “payments”

in its general meaning but in the meaning of tran-

sactions because some international transactions

do not involve payments of money (for example,

barter), and some transactions do not elicit any such

payments (for example, inheritance).

5Balance of Payments of Georgia / 2009


Economic Sectors

Financial account components of the BOP – direct

investment, portfolio investment, fi nancial derivati-

ves, and other investment are disaggregated by the

economic sector of residents involved in the opera-

tion. Four economic sectors are distinguished:

- monetary authorities, the National Bank of Ge-

orgia;

- general government which comprises central

government institutions and local public authorities;

- banking sector that includes all commercial

banks in Georgia;

- other sectors comprise industrial and commer-

cial enterprises, insurance companies, non-moneta-

ry fi nancial institutions, households.

Types of Transactions:

exchanges – most transactions likely to be re-

corded in balance of payments may be characterized

as exchanges in which one transactor provides an

economic value to another transactor and receives

an equal value in return;

transfers – transactions in which one transactor

provides an economic value to another transactor

and does not receive an equivalent value in return;

migrations – migrations of individuals from

one economy to another result in migrations of as-

sets and liabilities of given individuals.

The last two types of transactions have a unilate-

ral character that is why, in order to respect the dou-

ble entry principle of the BOP, another entry with an

opposite sign is needed.

imputed transactions – in the case when tran-

sactions are imputed, and entries are made in the

balance of payments accounts when no actual fl ows

occur, for example, the reinvestment of foreign in-

vestors’ profi t;

reclassifi cation and revaluation of claims and

liabilities – the classifi cation of fi nancial items in the

BOP reveal the motivation of creditor or debtor. Fi-

nancial items are subject to reclassifi cation in accor-

dance with changes in motivation.

The transactions mentioned above (except for

reclassifi cation and revaluation which are included

only in the international investment position) are re-

fl ected in diff erent item of the BOP structured in the

following way:

Goods comprises transactions with goods that

cross the border of the country and either involve

changes of ownership between residents and non-

residents (general merchandise, goods procured by

carriers, and non-monetary gold) or do not involve

change of ownership (goods for processing, repairs

of goods).

Services cover all types of services that are per-

formed by residents for nonresidents and vice versa:

- transportation services include air, railway, auto,

sea transport, and pipeline transportation. Passen-

ger, freight and other transportation services (car-

go handling, storage, maintenance and clearing of

transportation equipment, etc.) are specifi ed for

each type of transportation, except for pipeline

transportation;

- travel services – this item records on credit side

the expenditures of nonresidents travelers for busi-

ness and personal purposes during their visits in Ge-

orgia. The residents’ travel expenditures abroad are

recorded on debit side of this item;

- communications services item covers internatio-

nal communications transactions: postal and tele-

communication services, data transmission etc.;

- fi nancial services cover fi nancial intermediary

and auxiliary services conducted between residents

and nonresidents;

- other services comprise services such as cons-

tructions, insurance services, computer and infor-

mation services, royalties and license fees, other

business services, personal, cultural and recreational

services, government services, etc.;

Income registers two types of fl ows between resi-

dents and nonresidents:

- compensation of employees in the form of sala-


ries, wages or other benefi ts, in cash or in kind, paid

by employers to the employees when parties belong

to diff erent residency. These remunerations also in-

clude taxes paid in the host country, which are re-

fl ected as an opposite side entry at current transfers

item. The employees expenditures in host country

are registered as a counterpart record at travel item;

- investment income covers income receivable or

payable associated, respectively, with residents’ hol-

dings of external fi nancial assets and with residents’

liabilities to nonresidents. Investment income con-

sists of direct investment income, portfolio invest-

ment income, income on other investment and on

reserve assets;

Transfers are defi ned as off setting entries for real

resources or fi nancial items provided without quid

pro quo, by one economy to another. Transfers are

divided into current transfers and capital transfers,

which are further subdivided into governmental and

other sectors’ transfers. The most common examples

of current transfers are humanitarian aid and techni-

cal assistance; of capital transfers – debt cancellation

by creditor, migrants’ transfers.

Direct investment is a category of international

investment in which a resident entity in one eco-

nomy (the direct investor) acquires a lasting inte-

rest in an entity resident in another economy (the

direct investment enterprise). The direct investor of

an enterprise is an investor that owns 10 percent or

more in the ordinary shares or voting power (for an

incorporated enterprise) or the equivalent (for an

unincorporated enterprise). The “direct investment”

relation is extended to the enterprises in which goo-

ds and/or money are invested from enterprises as-

sociated with them, that is to the capital investment

between associated enterprises, branches and their

head offi ces. Direct investment includes equity ca-

pital, reinvested earnings and other capital. For the

category of direct investment there are directional

distinctions (abroad or in the reporting economy),

for equity capital and other capital items within this

category, assets and liabilities.

Portfolio investment is in the form of:

- equity securities (when the investor holds less

than 10% of equity capital);

- debt securities which are subdivided into bonds

and notes, money market instruments;

Financial derivatives are fi nancial instruments

that are linked to a specifi c fi nancial instrument, in-

dicator, or commodity and through which specifi c

fi nancial risks can be traded in fi nancial markets in

their own right. Financial derivatives comprise tran-

sactions with swaps, options, guarantees, deposits,

etc, and are registered on net basis.

Other investment is primarily divided into in-

vestment that represent the fi nancial assets (claims

on non-residents) and liabilities to non-residents.

Within this asset and liability classifi cation, other in-

vestment transactions are further divided into trade

credits, loans, currency and deposits, and other as-

sets/liabilities.

Trade credits consist of claims and liabilities that

arise from direct extension of credit from a supplier

to a buyer – that is, when payment for goods and

services is made at a time that diff ers from the time

when ownership changes. Trade credit arrange-

ments do not involve the issue of securities. In the

BOP of Georgia advance payment/deliveries of tra-

ded goods are recorded under this item.

Miscellaneous arrears are refl ected at “other lia-

bilities” item that mainly consists of arrears on exter-

nal debt service.

Reserve assets are fi nancial instruments availa-

ble to monetary authorities for fi nancing or regula-

ting payment imbalances. They can be used by these

authorities to fi nance directly the BOP’s defi cit or to

infl uence indirectly the given defi cit (intervention in

the foreign exchange market for the purpose of re-

gulating the exchange rate of the national currency).

The items of fi nancial accounts are structured by

sectors: monetary authorities, general government,

banks, other sectors; portfolio investment and other



investment are additionally classifi ed by long term

and short term investments.

Data Registration

The BOP is constructed on the basis of the dou-

ble entry book-keeping system. Every recorded tran-

saction is represented by two (or more) entries with

equal values. One of these entries is recorded under

credit side with positive sign; the other is recorded

under debit with a negative sign. For example, in the

case when an export operation is made, the transac-

tion value in the BOP will be refl ected as credit in “Ex-

port” and as debit in “Assets – currency and deposits”.

The sum of all credit entries and debit entries should

be identical, and the net balance of all entries in the

statement should be zero. In practice, however, the

accounts frequently do not balance. Data for balance

of payments estimates often are derived from diff e-

rent sources; as a result, there may be a summary net

credit or net debit. The separate entry, equal to the

amount with reversed sign, is then made to balance

the accounts (net errors and omissions item).

Credit entries are recorded:

- for real resources denoting export;

- for fi nancial items refl ecting reduction in foreign

assets or increase in foreign liabilities;

Debit entries are recorded:

- for real resources denoting import;

- for fi nancial items refl ecting increase in foreign

assets or decrease in foreign liabilities.

Transfers are shown as credits when the entries

to which the transfers provide the off sets are debits

and as debits when those entries are credits.

Data Source

The main sources of information used for com-

pilation of the BOP of Georgia are: statistics depart-

ment of the Ministry of Economic Development of

Georgia (data on trade of goods and services, enter-

prise survey, households’ survey, specifi c surveys),

banking institutions, the Ministry of Finance, other

ministries and public institutions, the internatio-

nal organizations representatives in Georgia, other

countries embassies.

Besides, starting from 2009 International Tran-

sactions Reporting System (ITRS) was implemented.

ITRS aims to collect information from commercial

banks grouped according to BOP items.

Along with the data received through statistical

reports some estimations and adjustments are made

in order to improve the data quality.

Imports/exports of goods

- Import and export of goods are refl ected in FOB

prices in the balance of payments of Georgia.

- CIF prices of imported goods are converted into

FOB prices. For this adjustment an estimate of trans-

portation and insurance services are used as a 10

percent of CIF price of imported goods.

- The offi cial data on imports/exports of goods

received from the Customs Department are supple-

mented with estimations made by the National Bank

of Georgia.

Services

Transportation services

- The value of transportation services of imported

goods is adjusted by data derived from the conver-

sion of CIF prices into FOB prices (see imports/ex-

ports of goods), and it is divided by type of transpor-

tation (rail transport, air transport, auto transport,

etc.).

- Besides, those data are collected from other

sources as well: “Georgian Railway” Ltd, “Sakaerona-

vigatsia” Ltd, sea ports and airports in Georgia. Based

on the data received from the Department of Border

Defense, indirect estimations on the export/import

of transportation services are made.

Travel

- The value of travel export/imports are derived

from the data received from households surveys.



The value on business travel is additionally adjus-

ted upon the data received from diff erent govern-

ment institutions (ministries, departments, etc.) and

banking sector.

- Information received from the Department of

Border Defense on individuals crossing the border, is

also used for indirect estimations. Besides that, esti-

mations are made on the expenses abroad of those

engaged in export/import operations in goods, as

well as expenses of those working abroad for less

than one year.

Other services

- The data on other services such as consulta-

tion, construction, fi nancial and others are collected

from the enterprises using such services. Then the

volumes of such services are adjusted. The data for

foreign embassies, diplomatic missions and inter-

national organizations are estimated using indirect

methods. The data on diplomatic missions of Geor-

gia abroad are obtained from the Ministry of Foreign

Aff airs of Georgia. Information on fi nancial services

is obtained from commercial banks’ reports. Infor-

mation about insurance services is provided by State

Insurance Supervision Agency.

Income

- The estimates of compensation of employees

are mainly based on the household survey data; in-

formation on electronic money transfers from com-

mercial banks’ reports is also used. Incomes of the

residents employed in international organizations

are also estimated.

- Investment income is calculated based on va-

rious sources: report of the Ministry of Finance about

interest payments on debt under state guarantee;

report of commercial banks on interest payments in

banking sector.

Current Transfers

- Workers’ remittances are estimated using the

same methodology as for the compensation of em-

ployees.

- Information on the technical and humanitarian

assistance received from external sector is obtained

from the Ministry of Finance, international organiza-

tions and foundations that have their offi ces on the

territory of Georgia.

- The Customs Department data on movement of

humanitarian goods is also used.

- The Ministry of Foreign Aff airs of Georgia pre-

sents the data on membership fees of various inter-

national organizations.

- The values of grants for education of Georgian

students abroad are estimated from the data of Mi-

nistry of Education and from the household survey

data.

Capital Account

- Capital transfers are calculated based on infor-

mation provided by Department of Grants and Hu-

manitarian and Technical Assistance of Ministry of

Finance, as well as on other information sources.

- Migrants’ transfers are calculated based on in-

formation obtained from sample surveys carried

out by the Department of Statistics. Information of

the Department of Border Defense about individu-

als entering and leaving the country is also used in

estimations.

Financial Account

Direct investment

- The data on direct investments are estimated

from the enterprise survey. The data on banking sec-

tor is obtained from commercial banks’ reports and

the data on insurance companies – from State Insu-

rance Supervision Agency.

- As for the direct investments of Georgia abroad,

they have not a large scale, and information at our

disposal about such enterprises is likely to be incom-

plete.



Portfolio investment

- Since the security market is at the stage of de-

velopment in Georgia, portfolio investments are re-

latively small. They are practically absent in the non-

fi nancial sector and are encountered at a small scale

in the banking sector. Relatively signifi cant portfolio

investments were occurred in 2006. The data on

portfolio investments is obtained from commercial

banks’ reports.

Other investments

- The data on trade credits are estimated on basis

of information from enterprise survey.

- The data on loans, except for other sector, are cal-

culated from the Ministry of Finance and commercial

banks’ reports. Since 2008, data on liabilities of micro

fi nancial organizations have been included in the ac-

count (the data cover time span from the year 2006).

As to loans in other sectors, they are mainly estima-

ted from the data of the enterprise survey; certain

additional information is obtained from the reports

of relevant divisions in the Ministry of Finance.

Reserve assets

- The data source is the balance accounts of the

National Bank of Georgia


INTERNATIONAL INVESTMENT POSITION

The international investment position (IIP) of Ge-

orgia is compiled in accordance with standards re-

commended by the International Monetary Fund in

the Balance of Payments Manual (fi fth edition).

International investment position of a country

shows, at a particular point in time, the stock of

external fi nancial assets and liabilities. The IIP com-

prises the whole set of claims and liabilities on/to

non-residents in diff erent sectors of an economy:

monetary authorities, general government, banks,

and other sectors. Main items of this document

are identical to those from fi nancial account of the

balance of payments: direct investment, portfolio

investment, fi nancial derivatives, and other invest-

ment (trade credits, loans, currency and deposits,

other assets/liabilities), and reserve assets.

The diff erence between an economy’s fi nancial

assets and liabilities is economy’s net international

investment position. Thus IIP can be net debtor or

net creditor. The international investment position is

worked out in the form of table containing following

details (Table 1.2.1).

Thus international investment position at the end

of the reporting period consists of the stock at the

beginning of the period, adjusted by transaction fl o-

ws, by exchange rate changes, by valuation changes,

and other adjustments in a given period. Operational

changes refl ect fi nancial account transactions of the

balance of payments. Other adjustments comprise

corrections, reclassifi cations and changes required

by the methodology of the IIP compilation.

The data source used in compilation of the IIP is

identical to the one used for the compilation of the

BOP fi nancial account.


EXTERNAL DEBT

External debt of Georgia is compiled according to

recommendations of the IMF manual “External Debt

Statistics: Guide for Compilers and Users”.

Gross external debt of Georgia, at any given time,

Position at the

beginning of

the reporting

period

Changes in position refl ecting: Position at

the end of

the reporting

period

Operational

changes

Price

changes

Exchange rate

changes

Other

adjustments

Net international investment position

Assets

Liabilities

TABLE 1.2.1



is the outstanding amount of those actual current,

and not contingent, liabilities that require payments

of principal and/or interest by the debtor at some

points in the future and are owed to non-residents

by residents of an economy.

External debt consists of the following:

- Debt securities;

- Loans;

- Trade credits;

- Currency and deposits;

- Other debt liabilities;

- Direct investment: Intercompany lending.

Debt securities include debt securities issued by

Georgian residents, held by non-resident. Debts se-

curities are divided by sector (issuer sector) and by

the type of fi nancial instruments.

The stock of liabilities on debt securities at any gi-

ven time is the sum of the debt securities issued by

Georgian residents and held by non-residents, mi-

nus overdue securities plus accrued interest for the

reported period, if the interest payment is scheduled

for a future period.

Loans consist of the following:

- Loans from the IMF – loans granted by the IMF

to the NBG;

- Governmental loans – external loans received

from other countries;

- Loans guaranteed by the government – external

loans of the private sector agreed under the guaran-

tee of the government;

- Private loans – external loans received by the

private sector with the exception of loans from the

parent companies.

The stock of liabilities in the form of loans at any

given time is the amount of the external loans recei-

ved by Georgian residents minus payments of sche-

duled principal, minus actual advance payments of

principal.

Trade credits consist of external liabilities arising

from direct extension of credit by suppliers for tran-

sactions in goods and services. They include:

- Advance payments received by economic agent

from non-residents;

- Liabilities on imports of goods and services not

paid in due time.

Currency and deposits consist of non-residents

deposits in Georgian banking system.

Other liabilities cover:

- Principal and interest arrears on external loans

and debt securities service.

Direct investment: Intercompany lending in-

clude:

- Loans from parent companies or from subsidia-

ries, branches and associates from abroad;

- Principal and interest arrears on these loans.

The stock of intercompany lending at any given

time is the amount of the external loans received

by Georgian subsidiaries/direct investors from their

parent companies/branches minus the payments of

scheduled principal and minus actual advance pay-

ments of principal.

The external debt is disaggregated by institutio-

nal sector, following the classifi cation from the BOP:

monetary authorities, general government, banking,

and other sectors. External liabilities under the gua-

rantee are attributed to the borrower’s sector; they

are reclassifi ed at the guarantor’s sector only when

the guarantee is activated.

For the analytical purpose the external debt is

presented by maturity: short-term and long-term on

an original maturity basis.

The data source used for the external debt compi-

lation is identical to the one used for the compilation

of the BOP fi nancial account and IIP.



2.1 GENERAL OVERVIEW

The current account defi cit in 2009 amounted to

1216.5 million of USD, which implies a 58.2 percent

annual decline in comparison with the previous year.

Year 2009 was exceptional in that sense, since current

account defi cit has always exhibited increasing trend.

In 2009, as well as in previous years, current account

defi cit was basically determined by trade defi cit. Ho-

wever, trade defi cit declined by 37.4 percent in compa-

rison with the previous year and amounted to 2399.0

million of USD. Both imports and exports of goods

decreased. However, import has declined with higher

rate. Import of goods reduced by 31.4 percent on an-

nual basis, while export declined by only 22.0 percent.

That was due to international fi nancial crisis, which de-

creased prices of almost all commodities. On the one

hand, expenditure on imports decreased, mainly due

to drop of oil prices; on the other hand, income from

2. THE BALANCE OF PAYMENTS OF GEORGIA FOR 2009

exports also decreased due to price decrease on major

Georgian export items, Ferro and non-Ferro metals.

In 2009 major products of exports were Ferro-alloys,

gold, nuts, ferrous waste and scrap. Exports by main

economic categories were distributed as following: the

biggest rate, 60.9 percent had Intermediate goods, 34.4

percent – Consumer goods, and 4.7 percent – Invest-

ment goods.

During the reporting period main imported mate-

rials and wares were oil products, vehicles, medicines

and oil gas. Imports of investment goods made up 12.5

percent out of all imports, intermediate goods – 45.7

percent, and consumer goods share in total imports is

40.7 percent.

As for the balance of services account, it is positive

and partially off sets current account defi cit. During

2009 services exports increased by 3.8 percent, while

imports decreased by 21.4 percent year on year basis.

The Balance of Payments of Georgia for 2009

Economic Indicator Unit 2005 2006 2007 2008 2009

GDP current prices Mln of USD 6,411.0 7,761.7 10,171.9 12,797.0 10,744.7

Real GDP growth rate % 1.10 1.09 1.12 1.02 -0.04

Agriculture and fi shing Mln of USD 946.9 869.2 936.5 1,149.9 891.0

Industry (Mining and processing) Mln of USD 602.0 752.4 924.1 1,149.7 846.3

Construction Mln of USD 517.8 535.3 686.1 677.4 568.3

Trade Mln of USD 766.8 1,060.6 1,300.5 1,785.5 1,332.5

Transport Mln of USD 538.1 621.3 737.9 842.9 712.7

Public administration Mln of USD 414.6 664.1 1,310.4 1,919.1 1,471.2

Monetary Aggregate (M3) end of period Mln of Lari 1,924.9 2,689.9 4,027.5 4,305.1 4,656.8

Consumer price index end of period % 106.2 108.8 111.0 105.5 103.0

Annual average exchange rate USD/Lari 1.8 1.8 1.7 1.5 1.7

Annual average exchange rate Euro/Lari 2.3 2.2 2.3 2.2 2.3

Current account Mln of USD -709.5 -1,174.6 -2,009.2 -2,915.1 -1,216.5

Current account/GDP % -11.1 -15.1 -19.8 -22.8 -11.3

Current account excluding transfers Mln of USD -1,068.6 -1,698.6 -2,697.6 -3,976.3 -2,183.3

Current account excluding transfers/GDP % -16.7 -21.9 -26.5 -31.1 -20.3

Balance of goods and services Mln of USD -1,130.7 -1,861.3 -2,734.6 -3,810.5 -2,065.7

Balance of goods and services/GDP % -17.6 -24.0 -26.9 -29.8 -0.2

Export of goods and services Mln of USD 2,187.5 2,551.6 3,182.4 3,688.4 3,201.6

Export of goods and services/GDP % 34.1 32.9 31.3 28.8 29.8

Current transfers Mln of USD 359.0 523.9 688.5 1,061.2 966.8

Net current transfers/GDP % 5.6 6.8 6.8 8.3 9.0

Export of goods and services/Import of goods and services % 65.9 57.8 53.8 49.2 60.8

Import of goods and services Mln of USD 3,318.1 4,412.9 5,916.9 7,499.0 5,267.3

Import of goods and services/GDP % 51.8 56.9 58.2 58.6 -49.0

International reserves Mln of USD 478.5 930.8 1,361.2 1,480.2 2,110.4

International reserves/ Import of goods and services month 1.7 2.5 2.8 2.4 4.8

Direct investment in Georgia (net fl ows) per capita USD 104.8 265.8 398.3 356.9 150.1

Direct investment in Georgia (end of period stock) per capita USD 550.7 808.7 1,222.3 1,552.9 1,691.4

Government debt and government guaranteed debt end of period stock Mln of USD 1,786.4 1,747.1 1,848.4 2,730.2 3,653.3

Service of government debt and government guaranteed external debt Mln of USD 158.3 245.9 147.0 121.1 170.8

State external debt/GDP % 27.9 22.5 18.2 21.3 34.0

External debt service/Export of goods and services % 7.2 9.6 4.6 3.3 5.3

TABLE 2.1.1 MAIN MACROECONOMIC INDICATORS


2005 2006 2007 2008 2009

Current account -709.2 -1,175.3 -2,010.0 -2,912.3 -1,216.5a. Goods -1,213.9 -2,019.4 -2,895.8 -3,833.2 -2,399.0

Credit 1,472.4 1,666.5 2,088.3 2,428.0 1,893.6 Debit -2,686.3 -3,685.9 -4,984.1 -6,261.2 -4,292.6b. Services 83.6 157.8 161.2 21.0 333.3

Credit 715.0 885.0 1,094.1 1,260.4 1,308.0 Debit -631.5 -727.2 -932.9 -1,239.4 -974.7c. Income 62.1 162.4 36.3 -160.4 -117.6

Credit 263.3 341.2 481.6 494.2 422.7 Debit -201.3 -178.8 -445.4 -654.6 -540.3d. Current transfers 359.0 523.9 688.5 1,060.4 966.8

Credit 413.4 587.0 768.5 1,142.0 1,037.9 Debit -54.4 -63.0 -80.0 -81.7 -71.0Capital and Financial Account 683.2 1,239.8 2,045.0 2,948.4 1,161.7

Capital Account 58.6 171.2 127.9 112.3 182.5

Credit 61.6 172.2 128.3 112.4 182.6 Debit -2.9 -1.0 -0.3 -0.1 -0.1Financial Account 624.6 1,068.7 1,917.1 2,836.1 979.2

a. Direct Investment 542.2 1,185.9 1,673.9 1,494.1 659.5

Abroad 89.5 15.8 -76.3 -70.0 1.1 In reporting economy 452.8 1,170.1 1,750.2 1,564.0 658.4b. Portfolio Investment 15.5 140.3 21.0 626.6 12.1

Credit 13.1 -2.2 -12.7 0.7 -1.1 Debit 2.4 142.5 33.6 625.9 13.2c. Financial Derivatives 0.0 0.0 1.1 7.8 0.6

Credit 0.0 0.0 1.2 11.1 1.1 Debit 0.0 0.0 -0.2 -3.3 -0.5d. Other Investment 177.5 181.1 598.2 838.4 923.5

Credit -15.8 -56.5 -202.1 -266.5 191.5 Debit 193.3 237.6 800.2 1,104.9 732.0e. Reserve Assets -110.6 -438.6 -377.0 -130.7 -616.4

Net Errors and Omissions 26.0 -64.6 -35.1 -36.1 54.8

Exceptional Financing – Total 142.5 116.2 179.1 1,015.5 389.0

TABLE 2.1.2 BALANCE OF PAYMENTS OF GEORGIA (MLN OF USD)


The income balance, being traditionally positive

component of current account, in 2008 turned negati-

ve, since its negative component – investment income

outweighed its positive component – labor income. In

2009 negative balance of income account improved

(decreased by 26.7 percent) and amounted to -117.6

million USD. Labor income decreased by 3.6 percent,

and negative investment income declined by 10.5 per-

cent.

Current transfers are the largest positive component

of current account. In 2009 positive balance of current

transfers covered 40.3 percent of trade defi cit. Current

transfers declined by 8.8 percent on yearly basis.

In 2009 capital and fi nancial account balance

amounted to 1161.7 million USD, that is 2.5 times de-

crease on yearly basis. Capital account increased by

70.2 million USD, while fi nancial account declined by

1856.9 million USD; that was due to substantial decline

in foreign infl ows.

Country’s gross external debt which is one of the

large-scaled component of external sector statistics

amounted to 8664.8 million USD by the end of 2009.

Gross external liabilities of Georgia in 2009 increased by

11.1 percent as compared to the previous year. During

reporting year, external debt of public sector increased

by 34.2 percent, that was mainly caused by credits re-

ceived from the International Monetary Fund and from

The World Bank as well as the new allocation of SDR. In

2009 external indebtedness of banking sector decrea-

sed by 19.8 percent, and foreign debt of other sectors

increased by 24.7 percent.

Despite of obstacles, the National Bank of Georgia

managed to maintain stability of national currency and

to increase country’s international reserve assets. This

parameter increased by 616.4 million of USD annually

totaling 2110.4 million of USD for the 31st of December

of 2009. This amount ensures to cover imports of goods

and services for 4.8 months. The same indicator was 2.4

months in the previous year.

In the table below we present a short version of ba-

lance of payments of Georgia with indication of main

components, for the period of 2005-2009.


2.2 CURRENT ACCOUNT

2.2.1 Goods

During 2005-2008 trade defi cit was growing, but in

2009 it has decreased compared to previous year by

534.8 million of US dollars and reached 1,893.2 million

of US dollars.

UM (Unit of Measurement) 2005 2006 2007 2008 2009

Exports (FOB) Mln. USD 1,472.4 1,666.5 2,088.3 2,428.0 1,893.2

Imports (FOB) Mln. USD -2,686.3 -3,685.9 -4,984.1 -6,261.2 -4,292.6

Trade balance Mln. USD -1,213.9 -2,019.4 -2,895.8 -3,833.2 -2,399.4

Growth of defi cit % 32.6 66.4 43.4 32.4 -37.4

Exports to previous year % 134.8 113.2 125.3 116.3 78.0

Imports to previous year % 133.8 137.2 135.2 125.6 68.6

TABLE 2.2.1 BALANCE OF GOODS

ExportsImports Balance

CHART 2.1Goods account (Mln of USD)

-8000

-7000

-6000

-5000

-4000

-3000

-2000

-1000

0

1000

2000

3000

4000

2008 2009200720062005


During 2005-2008 the value of exports and imports

has been increasing: as the rise of exports in trade sta-

tistics was lower than the rise of imports value, the tra-

de balance defi cit was also growing. During 2005-2008

the growth rate of trade defi cit ranged from 32.4 to

66.4. In 2009 both exports and imports has decreased,

but the fall of imports was with a higher scale. In 2009

imports decreased by 31.4 percent to previous year;

exports decreased by 22.0 percent and consequently a

37.4 percent fall of trade defi cit has observed.


TABLE 2.2.2 CURRENT ACCOUNT, GOODS (THOUS. OF US DOLLARS)

TABLE 2.2.3 EXTERNAL TRADE, GOODS

2005 2006 2007 2008 2009

Goods -1,213,903.4 -2,019,354.3 -2,895,825.2 -3,833,225.4 -2,399,431.3

Exports 1,472,437.3 1,666,525.9 2,088,284.8 2,427,979.4 1,893,164.1

Imports -2,686,340.7 -3,685,880.2 -4,984,110.0 -6,261,204.8 -4,292,595.3

Trade statistics -1,256,544.1 -2,112,825.9 -2,978,444.8 -3,955,173.6 -2,562,283.7

Exports 1,361,296.4 1,517,410.2 1,963,121.6 2,257,060.1 1,693,237.6

Imports -2,617,840.5 -3,630,236.1 -4,941,566.4 -6,212,233.8 -4,255,521.2

Goods for processing 277.4 40,582.6 4,528.7 12,710.1 16,332.8

Processing abroad 50,203.1 76,163.5 31,802.8 39,405.9 35,476.5

Processing in compiling economy -49,925.7 -35,580.9 -27,274.1 -26,695.8 -19,143.7

Repairs on goods 3,771.0 -2,254.4 -637.5 -4,689.4 355.3

Exports 7,918.7 3,528.3 722.9 919.0 3,912.9

Imports -4,147.7 -5,782.7 -1,360.4 -5,608.3 -3,557.6

Goods procured in ports by carriers 3,855.1 5,915.9 9,400.9 13,823.2 29,992.7

Exports 18,276.3 20,052.6 23,245.7 30,482.6 44,347.8

Imports -14,421.2 -14,136.7 -13,844.8 -16,659.4 -14,355.1

Nonmonetary gold 34,737.1 49,227.5 69,327.4 100,104.3 116,171.6

Exports 34,742.7 49,371.4 69,391.7 100,111.7 116,189.3

Imports -5.6 -143.9 -64.3 -7.4 -17.7

2005 2006 2007 2008 2009

Mln of USD

Exports (FOB) 865.5 936.0 1,232.4 1,495.5 1,130.6

Imports (CIF) 2,490.0 3,677.0 5,214.9 6,304.6 3,895.5

Trade balance -1,624.5 -2,741.0 -3,982.5 -4,809.1 -2,765.0

External trade turnover 3,355.4 4,613.0 6,447.3 7,800.0 5,026.1

%

Exports to previous year 133.8 108.2 131.7 121.3 75.6

Imports to previous year 134.9 147.7 141.8 120.9 61.8

Exports to imports ratio 34.8 25.5 23.6 23.7 29.0

Data source: National Statistics Offi ce of Georgia, GeoStat, shuttle trade is not included.

During the last fi ve years Georgian registered ex-

ports and imports highest rise was defi ned in 2007,

when exports grew by 31.7 percent, and imports by

41.8 percent compared to the previous year, conse-

quently the exports to imports cover coeffi cient was

the lowest (23.6 percent) in this year. On the contra-

ry, the highest coeffi cient (34.8 percent) was in 2005.

In 2009 exports to imports cover coeffi cient was 29.0

percent.



Exports and imports distribution by the groups of

countries is shown in tables 2.2.4 and 2.2.5 below. Here,

the group of the BSEC countries has the highest sha-

re in exports – 61.4 percent, notwithstanding the fall

to the previous year of 21.4 percent. It was caused by

the exports to the neighboring and the greatest part-

ner countries: Turkey, Azerbaijan and Armenia. Exports

to the triplet of these countries comprise 69.2 percent

of the exports to BSEC countries group. In imports the

group of Black Sea Economic Cooperation countries is

also on the leading position with 47.7 percent share. On

the second position there is the group of Organization

of Economic Cooperation and Development countries,

and lag behind them is 1.2 percent. The biggest share

(71.2 percent) of the BSEC group imports comes on tree

countries: Turkey, Ukraine and Azerbaijan.

TABLE 2.2.4 EXPORTS OF GOODS (FOB) BY COUNTRY GROUPS (MLN US DOLLARS)

TABLE 2.2.5 IMPORTS OF GOODS (CIF) BY COUNTRY GROUPS (MLN US DOLLARS)

2005 2006 2007 2008 2009% Growth

2009/2008

% share in total

exports

2009

Exports (FOB), total 865.5 936.0 1,232.4 1,495.5 1,130.6 -24.4 100.0

European Union countries 216.7 225.2 265.1 333.5 237.5 -28.8 21.0

CIS countries 407.1 390.7 462.1 540.9 413.0 -23.6 36.5

BSEC countries 498.8 498.8 631.2 882.6 694.1 -21.4 61.4

OECD countries 360.6 390.3 612.4 751.7 521.2 -30.7 46.1

2005 2006 2007 2008 2009% Growth

2009/2008

% share in total

imports, 2009

Imports (CIF), total 2,490.0 3,677.0 5,214.9 6,304.6 3,895.5 -38.2 100.0

European Union countries 720.5 1,064.2 1,435.0 1,750.7 1,094.1 -37.5 28.1

CIS countries 977.9 1,383.8 1,748.8 2,000.0 1,112.9 -44.4 28.6

BSEC countries 1,260.8 1,895.4 2,462.7 2,964.8 1,857.0 -37.4 47.7

OECD countries 1,089.2 1,700.2 2,280.8 3,027.3 1,811.5 -40.2 46.5

Data source: GeoStat, shuttle trade is not included.


In 2009 geographical area of Georgian foreign tra-

de has slightly (by one unit) enlarged, exports and

imports was realized with 131 countries. Export was

carried out in 113 and imports from 117 countries.

The positive trade balance was defi ned with 32 coun-

tries, and with 99 countries Georgia had negative

trade balance in reporting year. The greatest amount

– 82.3 percent of positive trade balance comes on

tree countries: Canada, Armenia and Iraq. The half of

the negative balance comes to fi ve countries, among

which are the main trade partners: Turkey, Ukraine

and Germany.

In 2009 declared trade deficit decrease to the

previous year was 42.5 percent and constituted

2,765.0 mln US dollars. The foreign trade turnover

of Georgia was 5,026.1 mln US Dollars, which is

64.4 percent of the same figure for the previous

year. Besides, almost the half of the amount of fo-

reign trade turnover (51.2 percent) comes to the

six greatest trade partner countries (Turkey, Azer-



baijan, Ukraine, Germany, Russia and USA). The

trade turnover with these countries constitutes to

2,573.4 mln US Dollars. As it was mentioned abo-

ve, among the greatest trade partner countries

are Turkey, Azerbaijan, Ukraine and Germany. The

same countries are on leading positions both in

exports and in imports. Furthermore, it is impor-

tant to mention trade with Turkey. It is on the lea-

ding position in exports and imports either. Trade

turnover with Turkey exceeds 1.7 times (16.8 per-

cent) to the turnover with Azerbaijan that in turn

is on the second position.

TABLE 2.2.6 FOREIGN TRADE TURNOVER WITH MAIN TRADE PARTNER COUNTRIES IN 2009 (EXPORTS FOB, IMPORTS CIF) (THOUS. US DOLLARS)

Countries 2005 2006 2007 2008 2009 % share in total, 2009

Foreign trade turnover, total 3,355,407.5 4,612,960.5 6,447,254.1 7,800,013.5 5,026,088.2 100.0

Of which:

Turkey 404,755.6 645,690.5 883,641.7 1,184,765.1 846,446.7 16.8

Azerbaijan 316,846.9 407,048.5 519,822.1 811,246.7 497,421.4 9.9

Ukraine 237,738.2 360,055.5 565,799.6 790,944.2 453,488.4 9.0

Germany 235,045.6 390,458.2 443,179.6 529,700.1 288,806.7 5.7

Russian Federation 536,824.5 633,321.1 622,200.1 456,220.9 276,230.0 5.5

United States 173,528.5 188,037.5 333,191.9 460,137.3 210,991.4 4.2

Bulgaria 99,589.0 146,232.5 167,510.4 230,805.0 160,850.4 3.2

China 52,091.1 113,654.0 214,967.8 305,428.4 144,797.6 2.9

Italy 97,953.2 125,929.7 161,647.0 200,152.2 136,679.9 2.7

Canada 42,746.2 63,167.2 82,865.4 149,741.6 129,130.0 2.6

Armenia 79,003.0 113,837.7 170,341.2 195,437.3 125,817.5 2.5

Romania 49,446.6 45,952.5 97,740.9 106,044.5 112,947.1 2.2

United Arab Emirates 76,931.0 117,479.5 233,355.7 288,109.0 109,959.1 2.2

Netherlands 64,418.1 82,175.4 113,850.2 146,705.2 94,183.7 1.9

Turkmenistan 170,895.0 172,869.2 176,240.3 141,362.2 74,824.6 1.5

Brazil 77,021.9 55,671.8 91,418.3 113,071.5 70,521.1 1.4

Greece 29,002.5 28,363.7 59,867.6 63,541.7 68,283.1 1.4

France 72,469.9 81,177.1 112,641.0 138,080.7 61,957.5 1.2

United Kingdom 94,473.9 82,461.8 94,926.8 133,307.6 59,830.4 1.2

Japan 9,777.8 40,058.5 56,142.9 120,038.8 58,902.0 1.2

Other countries 434,848.9 719,318.3 1,245,903.7 1,235,173.5 1,044,019.9 20.8




TRADE 2.2.7 BALANCE WITH MAIN PARTNER COUNTRIES (2009, EXPORTS FOB, IMPORTS CIF) (THOUS. OF US DOLLARS)

TABLE 2.2.8 EXPORTS (FOB) BY MAIN EXPORT PARTNER COUNTRIES IN 2009 (THOUS. OF US DOLLARS)

Countries 2005 2006 2007 2008 2009 % share in total, 2009

Balance, total -1,624,499.1 -2,740,976.3 -3,982,512.1 -4,809,100.2 -2,764,977.5 100.0

Of which:

Turkey -161,085.7 -399,086.3 -540,113.9 -658,944.7 -394,909.3 14.3

Ukraine -163,856.8 -246,381.6 -377,461.1 -522,596.6 -285,594.1 10.3

Germany -178,285.3 -311,531.8 -330,867.7 -463,574.8 -242,755.9 8.8

Russian Federation -229,375.5 -482,534.6 -531,008.1 -396,431.3 -240,071.8 8.7

Azerbaijan -149,989.0 -229,986.6 -244,912.2 -403,386.1 -166,153.7 6.0

United States -120,032.4 -71,017.7 -35,119.9 -255,742.1 -137,123.7 5.0

China -40,892.9 -92,952.0 -198,422.8 -287,443.0 -132,866.5 4.8

Italy -30,891.5 -78,262.1 -126,061.9 -166,078.1 -90,115.6 3.3

Romania -31,942.0 -35,585.4 -82,671.6 -78,821.6 -88,540.4 3.2

United Arab Emirates -69,045.4 -100,768.0 -196,079.2 -265,651.7 -76,537.9 2.8

Netherlands -41,754.3 -69,056.4 -89,627.3 -121,400.3 -76,144.6 2.8

Brazil -77,021.9 -48,862.5 -72,818.8 -95,293.3 -70,519.0 2.6

Turkmenistan -19,239.8 -29,253.9 -123,563.4 -128,686.1 -53,487.3 1.9

France -49,379.6 -56,286.6 -89,413.6 -58,260.5 -50,322.9 1.8

Japan -6,896.3 -39,022.7 -55,357.0 -119,491.2 -49,779.2 1.8

Greece -8,179.4 -17,367.8 -45,854.6 -51,549.2 -43,766.1 1.6

United Kingdom -30,612.9 -43,541.2 -48,581.9 -46,277.2 -43,458.0 1.6

Bulgaria -13,901.3 -21,696.2 -55,665.5 -17,374.4 3,730.9 -0.1

Armenia 282.9 33,353.5 51,226.2 51,282.6 51,938.7 -1.9

Canada 28,534.6 34,577.7 58,341.7 113,869.5 105,318.3 -3.8

Other countries -230,934.8 -435,714.1 -848,479.5 -837,250.3 -683,819.4 24.7

Countries 2005 2006 2007 2008 2009 % share in total Exports, 2009

Exports, total 865,454.2 935,992.1 1,232,371.0 1,495,456.6 1,130,555.4 100.0

Of which:

Turkey 121,835.0 123,302.1 171,763.9 262,910.2 225,768.7 20.0

Azerbaijan 83,429.0 88,531.0 137,455.0 203,930.3 165,633.8 14.7

Canada 35,640.4 48,872.4 70,603.5 131,805.5 117,224.1 10.4

Armenia 39,643.0 73,595.6 110,783.7 123,359.9 88,878.1 7.9

Ukraine 36,940.7 56,836.9 94,169.3 134,173.8 83,947.2 7.4

Bulgaria 42,843.9 62,268.2 55,922.4 106,715.3 82,290.6 7.3

United States 26,748.1 58,509.9 149,036.0 102,197.6 36,933.9 3.3

Italy 33,530.8 23,833.8 17,792.6 17,037.0 23,282.1 2.1

Germany 28,380.2 39,463.2 56,155.9 33,062.6 23,025.4 2.0

Kazakhstan 9,800.8 15,426.2 34,291.5 22,040.3 20,455.3 1.8



Spain 14,237.5 15,543.5 14,414.9 19,667.7 15,313.9 1.4

Belarus 2,454.5 3,258.2 4,738.6 11,167.8 14,100.6 1.2

Belgium 5,075.1 11,007.3 17,737.7 7,190.8 13,519.5 1.2

Greece 10,411.6 5,498.0 7,006.5 5,996.2 12,258.5 1.1

Romania 8,752.3 5,183.5 7,534.7 13,611.5 12,203.3 1.1

Iraq 643.7 790.0 1,382.8 2,574.4 10,685.1 0.9

Turkmenistan 75,827.6 71,807.7 26,338.5 6,338.1 10,668.6 0.9

Lithuania 972.5 2,942.8 6,040.2 8,763.2 9,884.8 0.9

Other countries 130,620.4 145,572.8 184,969.1 241,791.0 129,692.1 11.5





TABLE 2.2.9 IMPORTS (CIF) BY MAIN IMPORT PARTNER COUNTRIES IN 2009(THOUS. OF US DOLLARS)

Countries 2005 2006 2007 2008 2009 % share in total imports, 2009

Imports, total 2,489,953.3 3,676,968.4 5,214,883.1 6,304,556.8 3,895,532.9 100.0

Of which:

Turkey 282,920.6 522,388.4 711,877.8 921,854.9 620,678.0 15.9

Ukraine 200,797.5 303,218.6 471,630.4 656,770.4 369,541.2 9.5

Azerbaijan 233,417.9 318,517.5 382,367.2 607,316.4 331,787.5 8.5

Germany 206,665.4 350,995.0 387,023.6 496,637.4 265,781.3 6.8


United States 146,780.4 129,527.6 184,155.9 357,939.7 174,057.5 4.5

China 46,492.0 103,303.0 206,695.3 296,435.7 138,832.0 3.6

Italy 64,422.4 102,095.9 143,854.5 183,115.2 113,397.7 2.9

Romania 40,694.3 40,768.9 90,206.2 92,433.0 100,743.8 2.6


Netherlands 53,086.2 75,615.9 101,738.7 134,052.7 85,164.2 2.2

Bulgaria 56,745.1 83,964.4 111,588.0 124,089.7 78,559.8 2.0

Brazil 77,021.9 52,267.2 82,118.6 104,182.4 70,520.0 1.8

Turkmenistan 95,067.4 101,061.5 149,901.8 135,024.1 64,156.0 1.6

France 60,924.8 68,731.8 101,027.3 98,170.6 56,140.2 1.4

Greece 18,591.0 22,865.8 52,861.1 57,545.4 56,024.6 1.4

Japan 8,337.0 39,540.6 55,749.9 119,765.0 54,340.6 1.4

United Kingdom 62,543.4 63,001.5 71,754.4 89,792.4 51,644.2 1.3

Austria 18,948.0 36,598.0 54,589.7 70,169.2 47,558.0 1.2

Czech Republic 16,577.6 34,578.6 43,418.2 57,955.1 40,938.3 1.1

Other countries 343,832.0 560,876.5 1,021,003.1 998,100.9 824,268.6 21.2


The good composition of Georgian export and im-

port is mainly invariable. During 2005-2009 the main

ten exporting products composition is almost the

same and among them are: Ferro-alloys, Ferrous waste

and scrap; remelting scrap ingots of iron or steel, co-

pper ores and concentrates, other nuts, fresh or dried,

medicaments, gold.

Ten main exporting products by the 2009 are sho-

wn in table 2.2.10. On the fi rst place in exports there

is export of Ferro-alloys which keeps such a position

during last four years and its share in total exports

during 2005-2009 was increasing from 9.3 to 17.9

percent. This year the share of export of ferro-alloys

amounted 11.5 percent. On the second place there is

an unwrought gold. The amount of gold exported is

3.3 times and the share 2.6 times more compared to

year 2005 and comprises 10.3 percent of all exports.

The increase of gold exports was exerted by the rise

of gold prices in the world. Notwithstanding the sha-

re of motor cars has fallen (by 30.7 percent) compa-

red to previous year, it possesses third position by

6.9 percent share of the whole exports. This is due to

the motor car re-exports to the neighbor countries:

Azerbaijan, Turkey and Armenia. On the successive

position there is nut export that is 2.2 times more

compared to the previous year. The rise in nut ex-

ports is due to increase both in prices and amounts.

The smallest volume of the nut exports during 2005-

2009 was in 2008. All the other main ten exporting

goods amounts are decreased compared to previous

year. The main ten exporting goods consist 61.1 per-

cent of all exports.



Decline in 2009 year imports has infl uenced all

main imported good volumes. Petroleum and pe-

troleum oils traditionally by signifi cant lag with suc-

cessive good remain on the leading position by 12.4

percent share in total imports. Motor cars are on the

second place by 6.0 percent of total imports; In turn

it generates the big scale of re-exports. By 3.9 percent

share on the third place there is medicaments that has

outrun gaseous hydrocarbons (3.9 percent). On the

successive positions there are: wheat and meslin (2.4

percent), sugar (1.3 percent), cigars and cigarettes (1.3

percent), transmission apparatus for radio-telephony

(1.1 percent), data processing machines and their

units (1.0 percent), Chocolate and other food prepa-

rations containing cocoa (0.9 percent). Slightly more

than third of total imports were comprised by the

main ten imported goods. In the table below we can

see the main imported products by 2009.

TABLE 2.2.10 MAIN EXPORTS PRODUCTS IN 2009 (THOUS. OF US DOLLARS)

Code Prod. Name 2005 2006 2007 2008 2009% share in total

exports, 2009

Exports, total 865,454.2 935,992.1 1,232,371.0 1,495,456.6 1,130,555.4 100.0

Of which:

7202 Ferro-alloys 80,181.1 89,792.4 159,630.3 267,241.6 130,081.3 11.5

7108Gold unwrought or in semi-manufactured forms, or in powder form

34,742.7 49,371.4 69,391.7 100,111.7 116,189.3 10.3

8703 Motor cars 17,914.9 50,454.8 70,176.0 113,333.4 78,461.6 6.9

0802 Other nuts, fresh or dried 70,297.8 56,566.9 65,122.0 31,731.5 69,955.8 6.2

7204Ferrous waste and scrap; remelting scrap ingots of iron or steel

84,222.8 72,427.4 96,871.8 128,532.3 63,616.0 5.6

2603 Copper ores and concentrates 36,386.3 79,536.1 79,212.5 118,265.4 61,868.0 5.5

3102 Mineral or chemical fertilizers, nitrogenous 35,838.6 46,630.9 57,022.2 105,519.4 60,213.6 5.3

2208Undenatured ethyl alcohol, spirits, liqueurs and other spirituous beverages

29,214.9 30,076.9 57,422.7 58,993.1 54,019.4 4.8

2204 Wine of fresh grapes 81,328.9 41,050.6 29,197.4 36,862.8 31,997.0 2.8

2201Waters, natural or artifi cial mineral and aerated waters, not containing added sugar

32,481.4 24,048.0 25,354.2 31,006.0 24,674.7 2.2

Other products, total 362,844.7 396,036.7 522,970.2 503,859.4 439,478.5 38.9


TABLE 2.2.11 MAIN IMPORTS PRODUCTS IN 2009 (THOUS. OF US DOLLARS)

Code Prod. Name 2005 2006 2007 2008 2009% share in total

imports, 2009

Imports, total 2,489,953.3 3,676,968.4 5,214,883.1 6,304,556.8 3,895,532.9 100.0

Of which:

2710 Petroleum and petroleum oils 336,286.1 443,103.2 556,343.6 762,499.2 484,610.9 12.4

8703 Motor cars 178,530.0 294,506.3 369,720.8 706,778.6 233,052.7 6.0

3004 Medicaments put up in measured doses 92,469.1 114,544.7 143,995.9 189,864.9 151,495.2 3.9

2711Petroleum gases and other gaseous hydrocarbons

90,849.4 213,081.9 293,867.6 204,660.0 131,265.2 3.4

1001 Wheat and meslin 45,130.1 99,063.1 139,188.9 108,851.7 94,586.9 2.4

1701 Sugar and chemically pure sucrose 78,194.2 65,589.1 90,457.4 66,023.6 50,120.8 1.3

2402 Cigars, cheroots, cigarillos and cigarettes 14,604.3 22,895.2 38,075.0 60,048.0 49,725.7 1.3

8525Transmission apparatus for radio-telephony, radio-telegraphy

27,082.7 58,727.0 105,178.2 148,186.9 44,755.9 1.1

8471Automatic data processing machines and units thereof

22,442.6 46,443.5 77,988.9 92,785.4 38,799.4 1.0

1806Chocolate and other food preparations containing cocoa

24,820.8 33,694.4 41,441.1 49,735.6 34,642.2 0.9

Other products, total 1,579,544.0 2,285,319.9 3,358,625.9 3,915,122.9 2,582,478.0 66.3




2.2.2. Services

The balance of services account was positive across

the 2005-2009 years. In 2009 exports of services increa-

sed by 3.8 percent compared to previous year and im-

ports decreased by 21.4 percent; subsequently the ba-

lance of services in 2009 amplifi ed 16 times compared

to the 2008 year’s statistics. The 333.3 mln of US dollars

is the highest value of balance of services account du-

ring the last fi ve years and constitutes 3.1 percent of

GDP.

BalanceExportsImports

Export of goodsExport of services

Import of goodsImport of services

CHART 2.2.2.1Service Dynamics, 2005-2009 (MLN OF USD)

CHART 2.2.2.2External trade in goods and services, 2005-2009 (MLN OF USD)

-1500

-7000

-5000

-3000

-1000

1000

3000

-1000

-500

0

500

1000

2005

2005

2006

2006

2007

2007

2008

2008

2009

2009

1500

Foreign trade in services is highly correlated with

trade in goods and the relation is growing. Supply of

the goods on international market needs provision of

increasing number of all kind of services from market

research, to transportation and after-trade services.

Particularly the role of services is evident in science-

intensive goods; information and consulting services

are needed in this case. The volume and quality of the

services made during production and sales of the goo-

ds defi ne the success on foreign market.



In 2009 export of services was 1,308.0 million of US

dollars that is 69.1 percent of export in goods. At the

same time import of services was 974.7 million of US

dollars that is 22.7 percent of imports in goods.

Foreign trade in services is also connected with

international capital and labor mobility. Capital and

labor mobility are hard to imagine without trans-

portation, banking, information and other services.

International market development for goods, capital

and labor on its turn improves the international ma-

rket of services.

In 2009, 84 percent of turnover from trade in ser-

vices is generated by three services: transportation,

travel and government services. 48.7 percent of tur-

nover from trade in services is comprised by trans-

portation and 28.6 percent by travel.

Signifi cant positive balance of travel amounting

288.8 million US dollars in 2009 is 86.6 percent of to-

tal balance of services. It is increased by 18.8 percent

compared to previous year and four times compared

to year 2005. Services characterized by positive ba-

lance are: Transportation (131.0 million US dollars),

Communications services (14.5 million US dollars),

Government services (24.4 million US dollars) and

Personal, cultural, and recreational services (3.5

million US dollars). Items demonstrating negative

balance include: Insurance services (-93.4 million

US dollars), Construction services (-14.4 million

US dollars) and Financial services (-3.9 million US

dollars).

2005 2006 2007 2008 2009

Balance of services, total 83.6 157.8 161.2 21.0 333.3

Of which:

Transportation 43.7 23.0 4.1 -28.3 131.0

Travel 72.6 145.9 208.0 243.2 288.8

Communications services 2.4 3.2 3.1 10.5 14.5

Construction services -16.0 -4.3 -3.4 -15.6 -14.6

Insurance services -48.0 -66.9 -97.8 -135.6 -93.4

Financial services (other than insurance) 18.1 14.7 -3.0 -7.8 -3.9

Computer and information services -1.0 -0.2 -0.4 -7.1 -1.5

Royalties and license fees 4.0 7.9 5.8 -2.2 -1.1

Other business services -15.3 -14.9 -14.6 -47.2 -14.4

Personal, cultural, and recreational services 3.2 5.5 1.9 -8.9 3.5

Government services 19.9 43.9 57.4 20.0 24.4

TABLE 2.2.2.1 SERVICE BALANCE 2005-2009 YEARS (MLN OF USD)

2005 2006 2007 2008 2008 2008/ 2007 2008 struqtura

Mln of USD Percent

Exports of Services, total 715.0 885.0 1094.1 1260.4 1308.0 103.8 100.0

Of which:

Transportation 331.8 410.8 511.4 613.6 621.9 101.3 47.5

Travel 241.4 312.6 383.7 446.6 470.3 105.3 36.0

Communications services 19.8 17.5 14.5 23.6 28.2 119.5 2.2

Construction services 0.0 0.0 2.8 2.2 6.3 2.9 times 0.5

Insurance services 11.0 13.4 13.0 15.1 15.4 101.8 1.2

Financial services (other than insurance) 20.3 18.9 9.1 9.7 13.3 137.2 1.0

Computer and information services 0.1 0.5 1.9 3.5 6.1 173.0 0.5

Royalties and license fees 9.3 12.9 10.6 6.2 7.5 120.4 0.6

Other business services 10.8 8.8 20.3 27.1 36.5 134.5 2.8

Personal, cultural, and recreational services 3.2 5.5 8.7 8.9 14.1 157.2 1.1

Government services 67.4 84.1 118.0 103.8 88.6 85.3 6.8

TABLE 2.2.2.2 EXPORTS OF SERVICES IN 2005-2009 YEARS



Transportation has the biggest share; it compri-

ses approximately half of all imports and exports of

services (47.5 percent in exports and 50.4 percent in

imports) in 2009. During the year transportation ser-

vice exports amounted to 621.9 million USD (increa-

sed by 1.3 percent compared to previous year), while

imports amounted to 490.9 million USD (decreased

by 23.5 percent compared to 2008 statistics).

Traditionally, the most important part of transpor-

tation services is freight, with 70.3 percent from total

transportation exports and 68.6 percent from total im-

ports. However, during the same period, exports of frei-

2005 2006 2007 2008 2009 2009/ 2008 2009 Structure

Mln of USD percent

Imports of Services, total 631.5 727.2 932.9 1239.4 974.7 78.6 100.0

Of which:

Transportation 288.0 387.8 507.3 642.0 490.9 76.5 50.4

Travel 168.8 166.6 175.8 203.5 181.5 89.2 18.6

Communications services 17.3 14.4 11.4 13.1 13.7 104.6 1.4

Construction services 16.0 4.3 6.2 17.8 20.9 117.7 2.1

Insurance services 58.9 80.4 110.8 150.7 108.8 72.2 11.2

Financial services (other than insurance) 2.2 4.2 12.2 17.4 17.2 98.7 1.8

Computer and information services 1.1 0.8 2.3 10.6 7.6 71.4 0.8

Royalties and license fees 5.3 5.0 4.9 8.4 8.6 101.9 0.9

Other business services 26.1 23.7 34.9 74.2 50.8 68.5 5.2

Personal, cultural, and recreational services 0.0 0.0 6.7 17.9 10.5 58.9 1.1

Government services 47.5 40.1 60.6 83.8 64.2 76.6 6.6

TABLE 2.2.2.3 IMPORTS OF SERVICES IN 2005-2009 YEARS

2005 2006 2007 2008 2009 2009/ 2008 2009 Structure

Mln of USD percent

Import -288.0 -387.8 -507.3 -642.0 -490.9 76.5 100.0

Passengers -68.5 -90.2 -101.1 -134.3 -130.3 97.0 26.5

Freight -192.0 -272.1 -381.3 -480.6 -336.9 70.1 68.6

Additional services -27.6 -25.4 -24.9 -27.1 -23.7 87.7 4.8

Export 331.8 410.8 511.4 613.6 621.9 101.3 100.0

Passengers 45.5 48.0 56.0 57.9 61.4 106.1 9.9

Freight 174.1 227.0 307.5 430.1 437.5 101.7 70.3

Additional services 112.1 135.8 147.9 125.6 123.0 97.9 19.8

Balance 43.7 23.0 4.1 -28.3 131.0 - 4.6 times

Passengers -22.9 -42.2 -45.1 -76.5 -68.8 90.0

Freight -17.9 -45.1 -73.8 -50.5 100.6 -199.4

Additional services 84.5 110.4 123.0 98.6 99.3 100.7

TABLE 2.2.2.4 TRANSPORTATION SERVICES, FUNCTIONAL STRUCTURE

ght increased by 1.7 percent and imports decreased by

29.9 percent compared to previous year. Consequently

there was the positive balance in freight services for the

fi rst time during the last fi ve years.



2005 2006 2007 2008 2009 2009/ 2008 2009 Structure

Mln of USD percent

Exports 331.8 410.8 511.4 613.6 621.9 101.3 100.0

Sea transportation 75.2 94.9 109.7 84.5 83.9 99.4 13.5

Air transportation 76.6 83.5 83.4 82.9 81.5 98.3 13.1

Railway transportation 93.9 112.5 110.7 120.4 105.3 87.4 16.9

Automobiles 31.1 29.3 40.6 57.0 62.1 108.9 10.0

Pipelines 55.0 90.8 167.0 268.8 289.1 107.5 46.5

Imports -288.0 -387.8 -507.3 -642.0 -490.9 76.5 100.0

Sea transportation -81.2 -104.7 -146.6 -181.4 -129.4 71.4 26.4

Air transportation -92.2 -105.0 -131.2 -158.8 -128.7 81.0 26.2

Railway transportation -36.4 -55.2 -66.2 -83.1 -38.8 46.6 7.9

Automobiles -78.2 -122.9 -163.4 -218.7 -194.0 88.7 39.5

Pipelines - - - - - - -

TABLE 2.2.2.5 TRANSPORTATION SERVICES BY MEANS OF TRANSPORTATION

Within 2009, the pipelines have the biggest share

in transportation services exports, 46.5 percent, to-

taling 289.1 million US dollar. That is 7.5 percent hi-

gher than in 2008. Incomes from railway transporta-

tion, which comes mostly from cargo transit, in 2009

decreased by 12.6 percentage point compared to

previous year. That implies a 16.9 percent of total in-

come from transportation. Sea services export, with

the third place from the total transportation services

exports, decreased by 0.6 percent year-on-year. A

91.4 percent out of total amount of sea transporta-

tion services accounts for other supporting and au-

xiliary activity.

Within the reporting year, import of transporta-

tion services has decreased across all types of trans-

portation. Among them lowest decrease has auto-

mobile (by 11.3 percent) and air (by 19.0 percent)

transportation services. Their shares in total imports

of transportation services are 39.5 and 26.2 percent

respectively. The sea transportation services import

decreased by 28.6 percent year-on-year, but remai-

ned the second place in the total transportation ser-

vices with 26.4 percent. Railway transportation ser-

vices has signifi cantly fallen by 2.1 times compared

to previous year, consequently 7.9 percent share in

2009 is the lowest.

2005 2006 2007 2008 2009 2009 / 2008 2009 Structure

Mln of USD percent

Exports 241.4 312.6 383.7 446.6 470.3 105.3 100.0

Business 143.3 167.7 210.2 257.8 260.9 101.2 55.5

Personal 98.1 144.9 173.5 188.9 209.3 110.8 44.5

Imports -168.8 -166.6 -175.8 -203.5 -181.5 89.2 100.0

Business -111.0 -112.6 -115.9 -147.5 -128.9 87.4 71.0

Personal -57.8 -54.1 -59.9 -55.9 -52.6 94.0 29.0

Balance 72.6 145.9 208.0 243.2 288.8 118.8 100.0

Business 32.3 55.1 94.3 110.2 132.0 119.8 45.7

Personal 40.3 90.8 113.7 132.9 156.8 117.9 54.3

TABLE 2.2.2.6 TRAVEL IN 2005-2009



During the 2005-2009, the balance of servi-

ces account mainly was determined by the travel

services. In 2009, travel exports increased by 5.3

percent compared to 2008 and constituted 36.0

percent from the total exports of services. Where-

as travel imports shrunk by 10.8 percent year-on-

year making up 18.6 percent out of total services

imports. In 2009 the share of personal travel in

the travel balance exceeds its business part and

equals 54.3 percent.

2.2.3 Income

In recent years, traditionally growing positive

income balance of Balance of Payments became

negative. This tendency continued in 2009 as well.

During the year balance of income in nominal ter-

ms amounted to -117.6 million of USD that is -1.1

percent of GDP. The reason of such a rapid reduc-

tion was a huge amount of foreign direct invest-

ment flowed into the country during 2007-2008.

As a result of expanded liabilities in the form of

foreign capital, a cost of its services has increased

as well. Within the reporting period, balance of in-

come improved by 26.7 percent, as compared with

the previous year. That is closely related with the

decreasing profit of foreign investors.

CreditDebit

Balance to GDP (Right Scale)Balance

CHART 2.3Income Dynamics

MLN

USD

DO

LLA

R

-300

-200

-100

0

2005 2006 2007 2008 2009

100

200

300

400

600

500

700

-6.0%

-3.5%

-1.0%

1.5%

4.0%

6.5%

9.0%

11.5%

14.0%

During 2009, income credit amounted to 422.7

million of USD, which is 14.5 percent less than in

previous year. The main source of income credits still

remains a compensation of employees. In 2009 com-

pensation of employees amounted to 391.5 million

of USD accounting 92.6 percent of total income cre-

dits. It has increased by 6.6 percent year-over-year.

Investment income from foreign direct investments

abroad made up the minor share in total income

credits. Despite of 58.5 percent shortening in 2008

relative to the previous year, it has enlarged 2.0 and

1.2 times in comparison with 2005 and 2006 totaling

69.4 million of USD. The rise of income was mainly

due to increase of income from foreign investments

made by the National Bank of Georgia, commercial

banks and other sectors.



Within 2009, income debits amounted to 540.3

million of USD, which is 17.5 percent less than it was in

previous year. Income debits mainly consist of invest-

ment income. Income on the investments realized in

Georgia came to nearly 510.3 million of USD in 2009,

16.4 percent lower as compared to the last year fi gu-

re. Investment income debits are mainly made of divi-

dends and reinvested earnings on FDIs, roughly 262.8

million of USD. Unlike preceding years, an income paid

out on portfolio investments realized in Georgian eco-

nomy increased remarkably in 2009 making up 47.3

million of USD which is 26.7 percent higher as compa-

red to 2008. The rest 200.1 million of USD belongs to

other investment item. The interest repaid on loans of

government sector comprised 24.5 million of USD, whi-

le interests repaid on the loans of banking amounted to

115.0 million of USD. That is 3.9 and 13.4 percent lower

in comparison with 2008, respectively. As compared

to the previous years, interest repaid by the other sec-

tor increased by 4.9 percent and equaled 53.6 million

of USD. Compensation, paid off to foreign employees

took a relatively small part of the income debit item of

Balance of Payments. During the reporting period it

amounted to 30.1 million of USD.

Volume of income credits

(mln of USD)

Structure of income credits

(%) 2009 /

2008

%2005 2006 2007 2008 2009 2005 2006 2007 2008 2009

Total 263.3 341.2 481.6 494.2 422.7 100.0 100.0 100.0 100.0 100.0 85.5

Compensation of employees 247.2 315.3 405.6 419.2 391.5 93.9 92.4 84.2 84.8 92.6 93.4

Investment income 16.1 25.9 76.0 75.0 31.1 6.1 7.6 15.8 15.2 7.4 41.5

Foreign direct investments 3.5 0.1 0.0 5.6 0.3 1.3 0.0 0.0 1.1 0.1 6.0

Portfolio investments 5.4 9.0 23.3 28.4 16.7 2.0 2.6 4.8 5.7 3.9 58.8

Other investments 7.2 16.9 52.7 41.0 14.1 2.7 5.0 10.9 8.3 3.3 34.4

Monetary authority 5.7 14.0 35.7 20.2 3.5 2.2 4.1 7.4 8.3 0.8 17.3

Government sector 0.2 0.3 0.0 3.9 0.1 0.1 0.1 0.0 4.1 0.0 2.5

Banking sector 1.0 1.4 11.2 12.8 6.4 0.4 0.4 2.3 0.8 1.5 50.5

Other sector 0.3 1.1 5.9 4.2 4.1 0.1 0.3 1.2 2.6 1.0 96.0

TABLE 2.2.3.1 VOLUME AND STRUCTURE OF INCOME CREDITS

TABLE 2.2.3.2 VOLUME AND STRUCTURE OF INCOME DEBITS

Volume of income debits

(mln of USD)

Structure of income debits

(%) 2009 /

2008

%2005 2006 2007 2008 2009 2005 2006 2007 2008 2009

Total -201.3 -178.8 -445.4 -654.6 -540.3 100.0 100.0 100.0 100.0 100.0 82.5

Compensation of employees -18.0 -20.2 -26.4 -44.2 -30.1 8.9 11.3 5.9 6.7 5.6 68.1

Investment income -183.3 -158.7 -419.0 -610.4 -510.3 91.1 88.7 94.1 93.3 94.4 83.6

Foreign direct investment -116.2 -94.4 -297.6 -361.3 -262.8 57.8 52.8 66.8 55.2 48.6 72.7

Portfolio investment -0.1 -0.5 -1.2 -37.4 -47.3 0.0 0.3 0.3 5.7 8.8 126.7

Other investment -67.0 -63.7 -120.2 -211.8 -200.1 33.3 35.6 27.0 32.4 37.0 94.5

Monetary authority -1.7 -1.7 -1.3 -2.5 -7.1 0.9 0.9 0.3 0.4 1.3 283.0

Government sector -33.0 -29.1 -25.2 -25.5 -24.5 16.4 16.3 5.6 3.9 4.5 96.1

Banking sector -21.0 -18.8 -71.0 -132.8 -115.0 10.4 10.5 15.9 20.3 21.3 86.6

Other sector -11.1 -14.1 -22.7 -51.1 -53.6 5.5 7.9 5.1 7.8 9.9 104.9



Current transfer credits have declined by 9.1 per-

cent in 2009 and amounted to 1037.9 million of USD.

Transfers received mainly consist of private sector

transfers. Workers’ remittances constituted 317.4

million of USD and other private transfers amoun-

ted to 520.9 million of USD. In 2009 Georgia received

429.3 million of USD transfers as intergovernmental

2.2.4 Current transfers

The balance on current transfers in 2009 reached

966.8 million of USD that is 93.5 million of USD or 8.8

percent reduction as compared to the previous year.

Also the ratio of current transfers balance to GDP has

decreased in 2009 to 7.6 percent from 10.4 percent in

2008.

CreditDebit

BalanceBalance to GDP (Right Scale)

CHART 2.4Current Transfers’ Dynamics

-100

17.0%

15.0%

13.0%

11.0%

9.0%

7.0%

5.0%

3.0%

1.0%

-1.0%

100

300

2005 2006 2007 2008 2009

500

700

900

1100

1300

MLN

USD

DO

LLA

R

Volume (Mln of USD) Structure (%)2009 /

2008

%2005 2006 2007 2008 2009 2005 2006 2007 2008 2009

Transfer Credits 413.4 587.0 768.5 1142.0 1037.9 100.0 100.0 100.0 100.0 100.0 90.9

General Government 141.4 191.4 207.0 429.3 199.6 34.2 32.6 26.9 37.6 19.2 46.5

Other sector 272.0 395.5 561.4 712.8 838.3 65.8 67.4 73.1 62.4 80.8 117.6

Worker’s remittances 93.8 153.0 245.0 305.1 317.4 22.7 26.1 31.9 26.7 30.6 104.0

Other transfers 178.2 242.6 316.4 407.6 520.9 43.1 41.3 41.2 35.7 50.2 127.8

Transfer Debits -54.4 -63.0 -80.0 -81.7 -71.0 100.0 100.0 100.0 100.0 100.0 87.0

General Government -41.1 -51.6 -68.5 -64.3 -59.3 75.5 81.9 85.7 78.7 83.5 92.2

Other sector -13.3 -11.4 -11.5 -17.4 -11.7 24.5 18.1 14.3 21.3 16.5 67.5

Worker’s remittances -7.6 -3.8 -1.7 -2.4 -1.5 14.0 6.1 2.1 3.0 2.1 62.4

Other transfers -5.7 -7.6 -9.8 -15.0 -10.2 10.5 12.0 12.2 18.3 14.4 68.3

TABLE 2.2.4.1 VOLUME AND STRUCTURE OF CURRENT TRANSFERS

grants and other types of technical or humanitarian

aids. That is 53.5 percent or 199.6 million of USD lo-

wer than in 2008. Similar to the previous years, in

2009 current transfer debits have been low – 71.0

million of USD. It is mostly made of taxes paid by Ge-

orgian residents in other countries and equaled circa

59.3 million of USD.



While analyzing income and current transfers’ ac-

count of Balance of Payments it is also interesting

to look at the cash fl ows in and out of the country

made through money transfer operators. This ca-

tegory includes both compensation of employees

and workers’ remittances. More than 841.6 million

of USD has been transferred to Georgia during 2009

through money transfer operators. That is 16.0 per-

cent shortening as compared to the previous year.

The most transfers, 76.5 percent out of total infl ow,

come from Russia, USA, Ukraine and Greece. During

the past several years, money transfers coming from

Ukraine have been growing constantly. In spite of

7.6 percent reduction year-on-year, money infl o-

ws from Ukraine amounted to 65.1 million of USD

overtaking 3.3 times the fi gure of the year 2008. In

general, during the year reporting, money transfer

infl ows have increased with respect of almost all par-

tner countries, especially from Germany (46.2 times),

Cyprus (35.2 percent) and Greece (28.0 percent). Mo-

ney transferred into the country electronically from

Italy and Turkey increased by 26.5 percent and 23.8

percent correspondingly. Although, money transfers

coming from the USA and Spain grew up at a lower

speed (6.6 percent and 4.5 percent relatively). At the

same time, electronic money transfers received from

Russia and Armenia declined drastically (29.0 per-

cent and 53.6 percent respectively). Money transfers

from Russia have a sizable share in total money infl o-

ws. Consequently, sharp decrease in money transfers

coming from Russia led to decline the total number

of all money transfers. As compared to previous ye-

ars money infl ows transferred to the country throu-

gh electronic operators are more diversifi ed.

Money transfer outfl ow is relatively small. In 2009 it

amounted to 75.1 million of USD that is 10.9 percent lo-

wer than in 2008. Money outfl ows from Georgia main-

ly go to Russia, about 43.0 percent of total outfl ows.

Opposite to the money infl ows, money outfl ows have

declined with respect to all partner countries with only

exception of Turkey. Money outfl ow to Turkey increa-

sed by 4.2 percent. The highest decline was observed in

case of Armenia and The United Kingdom (36.9 percent

and 30.4 percent relatively). At the same time money

outfl ow to Azerbaijan and Greece decreased by 22.5

percent and 22.0 percent correspondingly.

Volume (Mln of USD) Structure (%) 2009 /

2008

%2005 2006 2007 2008 2009 2005 2006 2007 2008 2009

Total Infl ow 403.1 553.2 866.2 1002.1 841.6 100.0 100.0 100.0 100.0 100.0 84.0

Russian Federation 240.2 368.7 544.6 633.9 450.3 59.6 66.6 62.9 63.3 53.5 71.0 USA 42.6 59.4 115.7 63.9 68.1 10.6 10.7 13.4 6.4 8.1 106.6 Ukraine 15.3 11.6 19.8 70.5 65.1 3.8 2.1 2.3 7.0 7.7 92.4 Greece 15.5 16.9 26.0 47.2 60.4 3.8 3.1 3.0 4.7 7.2 128.0 Italy 2.8 3.6 24.0 36.6 46.3 0.7 0.7 2.8 3.7 5.5 126.5 Turkey 10.2 14.4 17.4 20.9 25.9 2.5 2.6 2.0 2.1 3.1 123.8 Spain 6.3 11.2 29.3 20.4 21.3 1.6 2.0 3.4 2.0 2.5 104.5 Cyprus 2.7 4.3 8.3 9.5 12.9 0.7 0.8 1.0 0.9 1.5 135.6 Germany 6.0 5.2 6.4 7.2 10.5 1.5 0.9 0.7 0.7 1.2 146.2 Armenia 0.4 0.7 1.6 21.9 10.2 0.1 0.1 0.2 2.2 1.2 46.4 Other Countries 61.1 57.2 73.0 70.1 70.7 15.2 10.3 8.4 7.0 8.4 100.8Total outfl ow 87.7 132.8 110.7 84.3 75.1 100.0 100.0 100.0 100.0 100.0 89.1

Russian Federation 53.5 53.5 59.0 36.2 32.3 61.0 40.3 53.3 42.9 43.0 89.4 Ukraine 8.4 8.4 13.8 13.5 12.5 9.5 6.3 12.5 16.1 16.7 92.5 Turkey 2.5 2.5 4.3 5.0 5.2 2.9 1.9 3.9 5.9 6.9 104.2 USA 1.8 1.8 2.2 3.1 2.7 2.0 1.4 2.0 3.7 3.6 86.6 Germany 2.9 2.9 2.6 2.7 2.4 3.3 2.2 2.3 3.2 3.2 89.9 Azerbaijan 2.0 2.0 4.2 2.4 1.9 2.3 1.5 3.8 2.9 2.5 77.5 Greece 0.7 0.7 0.9 2.0 1.5 0.8 0.5 0.8 2.3 2.0 77.8 Armenia 0.6 0.6 1.3 2.0 1.3 0.7 0.5 1.2 2.4 1.7 63.1 France 1.0 1.4 1.1 1.2 1.1 1.2 1.0 1.0 1.5 1.5 90.4 United Kingdom 0.7 1.1 0.9 1.6 1.1 0.8 0.8 0.8 1.9 1.4 69.6 Other countries 13.5 58.0 20.3 14.6 13.1 15.4 43.6 18.4 17.3 17.4 89.5

TABLE 2.2.4.2 VOLUME AND STRUCTURE OF MONEY TRANSFERS



2.3 CAPITAL AND FINANCIAL ACCOUNT

2.3.1 Capital Transfers

Capital transfers are signifi cant source for fi nan-

cing current account defi cit. Capital transfers sho-

wed increasing trend from 2002. After reaching of

its peak in 2006 (related to the Austrian debt forgi-

veness), capital transfers has fallen. In 2008, volume

of capital transfers declined by 12.2 percent year-

over-year totaling 112.3 million of USD. In reporting

period, growth tendency turned back. Volume of ca-

pital transfers amounted to 182.5 million of USD re-

presenting the maximum fi gure for the recent years.

It is equivalent of 62.5 percent growth comparing

with the previous year.

Growth in net capital transfers is due to a sharp in-

crease of capital infl ows. Capital outfl ow increased as

CHART 2.5Net Capital Transfers

0

20

40

58.6

171.2

182.5

127.9

112.3

60

2005 2006 2007 2008 2009

80

100

120

140

200

180

160

2005 2006 2007 2008 2009

Net Capital Transfers 58.6 171.2 127.9 112.3 182.5

Credit 61.6 172.2 128.3 112.4 182.6

Debit -2.9 -1.0 -0.3 -0.1 -0.1

TABLE 2.3.1.1 CAPITAL TRANSFERS (MLN OF USD)

well but the eff ect of the latter is not signifi cant. This

can be clearly seen in the table below.

Before 2007 the biggest share of the capital transfers

amounted to government transfers. In 2007 the “other

sector” capital transfers increased signifi cantly due to

the growth of migrants’ transfers and other transfers;

however in 2008 and 2009 new tendency has changed

back; remarkably lessened government transfers enlar-

ged again by 95.8 percent year-on-year totaling 170.0

million of USD. Doubling in government capital trans-

fers is resulted by the infl ow of funds for helping people

incurred from the Russian aggression. Capital transfers

realized in other sectors decreased by 50.8 percent on

yearly basis to 12.5 million of USD. Once again that was

resulted by declining in migrants’ transfers. In the table

below capital transfers are given by sector breakdown.

Table 2.3.12 Capital Transfers breakdown by sectors 2005 2006 2007 2008 2009

Government Sector 48.3 145.4 67.9 86.8 170.0

Credit 48.3 145.4 67.9 86.8 170.0

Debit - - - - -

Other Sectors 10.4 25.8 60.0 25.5 12.5

Credit 13.3 26.8 60.3 25.6 12.7

Debit -2.9 -1.0 -0.3 -0.1 -0.1

Migrants' transfers 2.2 16.1 44.5 7.7 5.3

Credit 5.1 17.1 44.9 7.8 5.4

Debit -2.9 -1.0 -0.3 -0.1 -0.1

Other 8.2 9.7 15.1 10.3 7.1

Credit 8.2 9.7 15.1 10.3 7.1

Debit - - - - -

TABLE 2.3.1.2 CAPITAL TRANSFERS BREAKDOWN BY SECTORS (MLN OF USD)


MLN

USD

DO

LLA

R


There were no records made in the other compo-

nent of the capital account – “Acquisition/disposal of

non-produced, nonfi nancial assets” during 2005-2009.

More detailed information on capital account and capi-

tal transfers are given in the appendix 2 and 3.

2.3.2 Foreign Direct Investment

Sum of inward Foreign Direct Investment to the

national economy by the end of 2009 amounted to

7417.5 million of USD that is about 1691.4 USD per

capita.

as follows: 93.5 percent on equity capital, 14.2 per-

cent on other capital (direct investors loans), rein-

vested earnings were negative with -7.7 percent

share in total FDI.

CHART 2.6Inward Foreign Direct Investment in Dynamics (MLN OF USD)

0

1000

2000

3000

2005 2006 2007 2008 2009

4000

5000

6000

7000

8000

SUM of FDI FDI Flow

2005 2006 2007 2008 2009

Direct Investment Abroad 89.5 15.8 -75.3 -70.0 1.1

Direct investment to Georgia 452.8 1170.1 1750.2 1564.0 658.4

Equity capital 334.9 858.1 861.0 1098.0 615.5

Reinvested earnings 48.5 64.5 49.0 76.3 -50.8

Other capital 69.4 247.5 840.3 389.7 93.7

TABLE 2.3.2.1 DIRECT INVESTMENT (MLN OF USD)

Foreign direct investment inflows to the na-

tional economy during 2009 amounted to 658.4

million of USD that is 57.9 percent lower as com-

pared to the previews year. FDI inflow distributed

CHART 2.7Foreign Direct Investment Infl ow During 2009 by Fields of Activity

Not idetifi ed - 1.3%

Agriculture - 3.4%

Manufacturing - 21.2%

Energy Sector - 0.3%

Construction - 16.0%

Transport/communication - 5.7%

Real estate - 22.4%

Hotels/restaurants - 15.0%

Banking - 7.5%

Other services - 7.8%



3.4 percent of total FDI infl ow during 2009 was di-

rected to the agriculture sector. Share of industry in to-

tal FDI infl ow amounted to 21.2 percent. The rest of FDI

infl ow was directed to services sector and distributed

as follows: 22.4 percent of the total FDI infl ow goes to

real estate; FDI infl ow to construction sector increased

by 85.5 percent as compared to the previous year and

amounted to 16.0 percent of total FDI; share of hotels

and restaurants in total FDI was 15.0 percent; 7.5 per-

cent of banking sector; 5.7 of transport and commu-

nication; the FDI for energy sector was negative 2.1

million of USD, as withdrawal of FDI (repurchase of sha-

2005 2006 2007 2008 2009

Assets 13.1 -2.2 -12.7 0.7 -1.1

Shares - -2.2 -5.1 - -1.1

Banks - -2.2 -5.1 - -

Other sectors - - - - -1.1

Bonds - - -5.2 -1.7 -

Government - - - -6.8 -

Banks - - -5.1 5.1 -

Other sectors - - -0.1 - -

Money market instruments 13.1 - -2.4 2.4 -

Banks 13.1 - -2.4 2.4 -

Liabilities 2.4 142.5 33.6 625.9 13.2

Shares 2.5 142.5 33.6 118.1 13.2

Banks 2.5 142.5 33.7 101.4 8.2

Other sectors - - - 16.7 5.0

Bonds - - - 507.8 -

General Government - - - 507.8 -

Money market instruments -0.1 - - - -

TABLE 2.3.3.1 PORTFOLIO INVESTMENT (MLN OF USD)

res by resident investors from non-resident investors)

from this sector exceeded FDI infl ow.

The major investor countries during 2009 were Uni-

ted Arab Emirates, Turkey, Panama, United Kingdom,

Czech Republic, Virgin Islands, Netherlands, Azerbaijan,

Austria and Germany.

2.3.3 Portfolio Investment

During 2009 portfolio investments fl ows, both as-

sets and liabilities, were insignifi cant. Signifi cant gro-

wth in portfolio investment liabilities in previous year

was due to government eurobonds.

2.3.4 Financial Derivatives

Financial derivatives, as independent component

of fi nancial account is presented not so long ago.

Previously, it was included in portfolio investment.

Following the development of fi nancial markets, the

role of fi nancial derivatives in fi nancial operations

increased signifi cantly. Therefore, it was considered

appropriate to show them on separate account in

number of statistical reporting. As fi nancial market

in Georgia is only at the beginning stage, opera-

tions with fi nancial derivatives are insignifi cant and

are conducted only by a few banks. However, there

is tendency of development in this market. At the

initial stage there was only one instrument – cur-

rency swap. Starting from the fourth quarter of 2008

new fi nancial instruments, gold and oil futures are

presented on derivative’s market in Georgia. By the

end of 2009 fi nancial derivatives assets exceeded

700,000 USD and liabilities exceeded 300,000 USD.

2.3.5 Other Investment

During 2009 other investment account recorded net

capital infl ow of 923.5 million of USD. The residents’ ex-

ternal assets have decreased by 191.5 million of USD,

and liabilities grew up by 732.0 million USD. Assets de-

creased due to decrease of currency and deposits.



On liability side, debt liabilities of government sec-

tor increased by 672.0 million USD, of which 225.6 USD

were distributed SDR. Loans of banking sector decrea-

sed by 410.9 million USD, of which 235.2 million USD

were of short-term. The loans of other sector have in-

creased by 160.8 million USD.

CHART 2.8Other Investment – Assets (Mln of USD)

-400

-300

-200

-100

2005 2006 2007 2008 2009

0

100

300

200

Trade CreditsLoansCurrency and DepositsOther Assets

CHART 2.9Other investment – Liabilities (Mln of USD)

-200

-400

0

200

400

2005 2006 2007 2008 2009

600

800

1200

1000

Trade CreditsGovernment and NBG loansBanking sector loans

Other sector loansCurrency and depositsOther liabilities

2005 2006 2007 2008 2009

Monetary authorities -12.8 -8.1 -53.4 219.5 212.7

Use of fund credits and loans -12.7 -7.9 3.1 221.6 212.5

Drawings 41.8 40.9 42.6 256.8 240.1

Repayments -54.5 -48.8 -39.5 -35.3 -27.5

Other long-term -0.1 -0.1 -56.6 -2.7 -

Drawings 0.4 0.4 - - -

Repayments -0.5 -0.6 -56.6 -2.7 -

Government loans 48.8 -21.4 111.3 192.0 459.3

Drawings - - - - 100.1

Repayments - - - - 100.1

Banking loans - - - - -

Drawings 48.4 -21.9 111.0 191.3 358.7

Repayments 122.3 149.3 156.0 227.0 428.1

Other sectors’ loans -73.9 -171.2 -45.0 -35.6 -69.4

Drawings 56.4 220.7 647.1 572.6 -410.9

Repayments 148.8 231.3 721.0 534.8 331.2

TABLE 2.3.5.1 LONG-TERM EXTERNAL DEBT (MLN OF USD)



2.3.6 Reserve Assets

By the end of 2009 offi cial reserve assets amounted

to 2110.4 million USD. Net increase compared to the

previous year was 630.3 million USD. The total increase

from the beginning of the year amounted to 42.6 per-

cent.

2005 2006 2007 2008 2009

Net accumulated arrears -36.0 -86.6 -34.9 -4.3 -3.4

Accumulation of principal arrears 14.3 0.4 - - -

Accumulation of interest arrears 12.1 5.0 1.5 0.1 -

Repayment of principal arrears -57.0 -64.7 -36.4 -4.4 -

Repayment of interest arrears -5.4 -6.4 - - -3.4

Rescheduling of principal arrears - - - - -

Rescheduling of interest arrears - - - - -

Cancellation of principal arrears - -15.2 - - -

Cancellation of interest arrears - -5.6 - - -

TABLE 2.3.5.2 GENERAL ACCUMULATED GOVERNMENT ARREARS (MLN OF USD)

CHART 2.10Reserve Assets Dynamics

0 0.0

1.0

2.0

3.0

4.0

5.0

6.0

500

1000 1.73

2.531500

2005 2006 2007 2008 2009

2000

1000

2500

Offi cial reserve assets Imports in month

Changes in the NBG’s international reserves through

2009 were conditioned by a few principal factors: tran-

sactions at the TIFEX (Tbilisi interbank foreign exchan-

ge), the NBG’s FX auctions, government expenditures,

and credits and grants received from international

fi nancial organizations. During the year the NBG sold

USD 188.5 million at the TIFEX and through the FX auc-

tions. Despite this fact, as it was already mentioned, the

international reserves grew by approximately USD 630

million. The growth was mainly conditioned by loans

and grants received from international fi nancial orga-

nizations and donors. USD 340 million was received

through the IMF loan, USD 90 million – through the

World Bank budget support loan, and USD 80 million

– through the ADB loan. Privatization proceeds totaled

USD 95 million. The NBG’s international reserves were

placed in highly liquid securities issued by the gover-

nments and transnational fi nancial corporations of the

US and euro area countries, as well as by highly-rated

international banking institutions. Over 2009 revenues

from the NBG’s international reserve management

equaled 33.7 million GEL or almost half of the 2008 re-

venues. Such reduction in revenues was caused by es-

sential interest rate cuts in the world fi nancial markets.


2.762.37

4.81


CHART 3.1International Investment Position of Georgia

-16000

-14000

-12000

-10000

-8000

20062005 2007 2008 2009

-6000

-4000

-2000

0

2000

6000

4000

Assets Liabilities International Investment Position, Net

International investment position of Georgia co-

vering the whole economy has not been compiled

until 2007. The National Bank of Georgia was com-

piling international investment position of only

banking sector. Other sectors, a quite signifi cant part

of the economy, were not included.

Present report provides the full statistical data re-

fl ecting international investment position of Georgia

for 2009; since then NBG intends to compile IIP on a

quarterly basis. Below in the table 3.1 you can fi nd

short version of international investment position of

Georgia, the full version is cited in the appendix. For

the 31 of December of 2009 the international invest-

ment position of Georgia is negative and amounts

to -11.1 billion of USD. As compared to the end of

2008, international Investment position of Georgia

has worsened by 9.8 percent or 990.4 million of USD.

Operational changes amounted to -979.2 million of

USD. An -11.2 million of USD of worsening comes

from exchange rate, price and other changes.

By the end of 2009 the volume of total foreign

assets amounted to 2,730.5 million of USD. During

the year it has increased by 447.8 million of USD

(16.4 percent) and by the end of the accounting pe-

riod made up 3,178.3 million of USD. The main part

of assets (2,110.4 million of USD) is represented by

international reserves of the National Bank of Ge-

orgia. The important part of foreign assets comes

from other investments, about 914.4 millions of USD,

represented by currency and deposits and trade

credits. At the beginning of 2009, reserve assets of

The NBG were sizeable, 54.2 percent of total foreign

assets of Georgia. By the end of the year it has in-

creased to 66.4 percent. Contribution of the NBG’s

reserve assets growth to increase of total foreign

assets amounted to 630.0 million of USD. In reserve

assets, signifi cantly increased both, foreign currency

and special drawing rights (SDR) accounts. Contribu-

tions of other components entering in assets to the

growth are negative.

International Investment Position

3. INTERNATIONAL INVESTMENT POSITION

MLN

USD

DO

LLA

R


By the end of 2008 total foreign liabilities

amounted to 9,625.3 million of USD. During 2009

liabilities have increased by 11.2 percent (1,438.2

million of USD) and by the end of accounting pe-

riod reached 14,281.8 million of USD. More than

half of the foreign liabilities (51.5 percent) compri-

se direct investments – 7,361.7 million of USD. Por-

tfolio investments have an abruptly modest sha-

re in liabilities totaling 901.5 million of USD. Like

direct investments, other investments are also

significant part of total liabilities (6,018.3 million

of USD) that mostly consist of loans from non-re-

sidents. Until 2009, other liabilities item of other

investments had been relatively unimportant. Ho-

wever, in August-September of 2009, Internatio-

nal Monetary Fund put into practice the new allo-

cation of Special Drawing Rights (SDR). As a result,

Georgia received 144 million of SDR (225 million

of USD). On a one hand, this amount was reflected,

as it was mentioned above, in reserve assets, and

on the other hand, in long-term liabilities of other

investments. Consequently, for the end of 2009,

other liabilities, more precisely, other long-term

31.12.2008

Changes during the year

31.12.2009Operational

changes

Exchange

rate

changes

Price changes Other changes

International Investment Position, Net -10,113.2 -979.2 -19.8 23.2 -14.7 -11,103.5

Assets 2,730.5 423.9 13.3 -3.1 13.8 3,178.3

Direct Investment Abroad 152.7 -1.1 -0.4 - 0.0 151.3

Portfolio Investment 0.2 1.1 0.1 0.0 - 1.4

Financial Derivatives 0.2 -1.1 1.7 - - 0.7

Other Investment 1,097.2 -191.5 -5.1 - 13.8 914.4

Trade credits 167.0 20.2 0.8 - 15.0 203.0

Loans 89.9 -12.9 -0.2 - - 76.9

Currency and Deposits 835.7 -199.2 -5.8 - -1.3 629.5

Other assets 4.6 0.4 0.1 - - 5.0

Reserve Assets 1,480.2 616.4 17.0 -3.2 - 2,110.4

Liabilities 12,843.6 1,403.1 33.0 -26.4 28.5 14,281.8

Direct Investment in Georgia 6,762.5 658.4 -3.6 -25.9 -29.7 7,361.7

Portfolio Investment 893.7 13.2 -3.9 -0.5 -1.0 901.5

Financial Derivatives 0.1 -0.5 0.8 - - 0.3

Other Investment 5,187.4 732.0 39.7 - 59.2 6,018.3

Trade credits 324.1 17.4 -1.8 - 33.5 373.1

Loans 4,563.4 421.9 41.3 - 26.1 5,052.8

Currency and Deposits 209.0 41.4 -0.3 - -0.5 249.6

Other liabilities 90.9 251.3 0.6 - - 342.8

TABLE 3.1 INTERNATIONAL INVESTMENT POSITION OF GEORGIA, 2009 (MLN OF USD)

liabilities of the National Bank of Georgia amoun-

ted to 225.8 million of USD. So the share of other

liabilities of other investments in total liabilities

increased by 1.7 percentage point to 2.4 percent.

Increase in liabilities by 1,403.1 million of USD

was due to the operational changes, 46.9 percent

of which comes from foreign direct investments,

that is good news for Georgia. Loans received from

external sector are also quite significant part of

operational changes (30.1 percent). A 17.9 percent

of operational changes come from other liabili-

ties. During the accounting year, decrease in fo-

reign liabilities due to the exchange rate changes

amounted to 26.4 million of USD. Unlike exchange

rate changes, other factors resulted increase in

the total liabilities of the country. Due to the price

changes, increases in liabilities amounted to 33.0

million of USD. In a similar manner, other changes

resulted growth in country’s total foreign liabili-

ties by 28.5 million of USD.

Due to above reasons, by the end of 2009 net in-

ternational investment position exceeded -11 billion

and amounted to -11,103.5 million of USD.

International Investment Position


Gross External Debt statistics is harmonized with

balance of payments. Four main sectors of economy

are diversifi ed: government sector, monetary autho-

rities sector, banking sector and other sector. Besides

that, intercompany loans are separately recorded.

Other sector is further disaggregated into: non-bank

fi nancial corporations, non-fi nancial corporations,

4. EXTERNAL DEBT

households, and nonprofi t institutions serving hou-

seholds. The latter sub-sector is currently not co-

vered into the gross external debt because of diffi -

culties related to the compilation of these data. The

data on non-bank fi nancial organizations were only

partly covered until 2008. Recent report already fully

describes this sub-sector.

CHART 4.1Gross External Debt Breakdown by Economic Sectors for the end of 2009 (MLN OF USD)

Government Sector - 2739.6

Monetary Authority - 913.7

Banking Sector - 1503.0

Other Sectors - 1369.8

Direct Investment Inter Company loans - 2138.7

Gross external debt of Georgia made up 8,664.8

million of USD by 31st of December of 2009 and

distributed as follows: Government sector’s debt

– 2,739.6; monetary authorities’ debt– 913.7;

banking sector’s debt – 1,503.0; other sectors’

debt – 1,369.8; and intercompany loans – 2,138.7

millions of USD.

Significant part of total external debt of Geor-

gia, 30.8 percent is external liabilities of public

sector. Intercompany loans (loans from direct in-

vestor) make up 24.7 percent of country’s gross

foreign indebtedness. A 17.3 percent are loans

attracted by banking sector. External loans of

other sector and the National Bank are relative-

ly small equaled to 15.8 and 10.5 percent res-

pectively. The most part (96.5 percent) of other

sector’s foreign indebtedness consists of loans

made by non-financial corporations. That is 15.3

percent of gross external debt totaling 1,321.5

million of USD.

General picture of gross external debt of Geor-

gia by the end of 2009 is reflected in the table 4.1,

which provides short version of external debt eco-

nomic sector and maturity breakdown.

External Debt


Gross external debt of Georgia mostly consists of long-term liabilities (89.4 percent). Short-term debt is

only 10.6 percent.

Gross External Debt Mln of USD percent

Government Sector 2,739.6 31.6

Short-term 70.9 0.8

Long-term 2,668.7 30.8

Monetary Authority 913.7 10.5

Short-term 0.8 0.0

Long-term 912.9 10.5

Banking Sector 1,503.0 17.3

Short-term 353.7 4.1

Long-term 1,149.2 13.3

Other Sectors 1,369.8 15.8


Long-term 878.6 10.1

Non-Banking Financial Corporations 48.3 0.6

Short-term 3.0 0.0

Long-term 45.4 0.5

Non-Financial Corporations 1,321.5 15.3


Long-term 833.2 9.6

Direct Investment: Intercompany Loans 2,138.7 24.7

Total 8,664.8 100.0

Mln of USD percent

Debt in Foreign Currency

Short-term 1,163.0 13.4

Long-term 7,111.2 82.1

Total 8,274.2 95.5

Debt in National Currency


Long-term 123.1 1.4

Total 390.6 4.5

Gross External Debt 8,664.8 100.0

Gross External Debt Mln of USD percent


Long-term 7,748.2 89.4

Total 8,664.8 100.0

TABLE 4.1 GROSS EXTERNAL DEBT OF GEORGIA AS FOR 31ST DECEMBER OF 2009

TABLE 4.3 GROSS EXTERNAL DEBT OF GEORGIA IN NATIONAL AND FOREIGN CURRENCIES, AS FOR 31ST DECEMBER OF 2009

TABLE 4.2 GROSS EXTERNAL DEBT OF GEORGIA BY MATURITY, AS FOR 31ST DECEMBER OF 2009

95.5 percent of gross external debt of Geor-

gia consists of liabilities in foreign currency and

amounts to 8,274.2 million of USD. Remaining

390.6 million of USD (4.5 percent) is in national

currency. Such a breakdown of liabilities is only for

analytical purposes.

External Debt


During 2009 total external debt of Georgia in-

creased by 867.4 million of USD. Within the ac-

counting period, external liabilities of public sec-

tor and the National Bank of Georgia 478.8 million

of USD and 481.6 million of USD correspondingly.

Foreign debt of other sector and intercompany lo-

ans increased as well (by 270.9 million of USD and

36.5 million of USD accordingly). On the contrary,

external liabilities of the banking sector declined

by 371.7 million of USD in 2009.

Increase in external liabilities mostly was ob-

served in foreign currency (838.3 million of USD).

Regarding debt in national currency, it has grown

up by 29.1 million of USD during the accounting

period.

The main factor contributing to public sector’s

debt and the NBG liabilities increase is new bor-

rowings. Decline in banking sector’s loans entirely

was caused by operational changes. As for other

sectors and intercompany loans, instead of ope-

rational changes, it was observed reclassification

of liabilities from direct investment item to other

sector. Due to this, other changes resulted of in-

31.12.2008

Changes During the Year

31.12.2009Operational

Changes Price Changes

Exchange Rate

Changes

Other

Changes

Government Sector 2,260.8 455.9 0.0 22.8 0.0 2,739.6

Short-term 73.8 -2.9 0.0 0.0 0.0 70.9

Long-term 2,187.1 458.8 0.0 22.9 0.0 2,668.7

Monetary Authority 460.8 438.3 0.0 14.6 0.0 913.7

Short-term 0.7 0.2 0.0 0.0 0.0 0.8

Long-term 460.2 438.1 0.0 14.6 0.0 912.9

Banking Sector 1,874.7 -371.2 0.0 0.0 -0.5 1,503.0

Short-term 565.6 -211.4 0.0 0.0 -0.5 353.7

Long-term 1,309.1 -159.8 0.0 -0.1 0.0 1,149.2

Other Sectors 1,098.8 209.0 0.0 2.3 59.6 1,369.8

Short-term 390.2 63.4 0.0 0.4 37.1 491.2

Long-term 708.6 145.7 0.0 1.8 22.5 878.6

Non-Banking Financial Corporations 41.3 7.0 0.0 0.0 0.0 48.3

Short-term 1.4 1.6 0.0 0.0 0.0 3.0

Long-term 40.0 5.4 0.0 0.0 0.0 45.4

Non-Financial Corporations 1,057.5 202.1 0.0 2.3 59.6 1,321.5

Short-term 388.8 61.8 0.0 0.4 37.1 488.2

Long-term 668.7 140.2 0.0 1.8 22.5 833.2

Direct Investment: Intercompany Loans 2,102.2 87.7 0.0 5.3 -56.5 2,138.7

Total 7,797.4 819.8 0.0 45.0 2.7 8,664.8

TABLE 4.4 GROSS EXTERNAL DEBT OF GEORGIA, 2009 (MLN OF USD)

crease of foreign debt of other sector and decrea-

se of intercompany external liabilities.

During the reporting period, due to the ex-

change rate changes the gross external debt of

Georgia increased by 45.0 million of USD. Growth

in foreign liabilities was notably high in public

sector and The National Bank Loans. Depreciation

of US Dollar against the SDR on the annual basis

has resulted increase of external debt in above-

mentioned sectors by 22.8 and 14.6 million of USD

respectively. Owing to depreciation of Georgian

Lari against the US Dollar within the accounting

year, other sector liabilities and intercompany lo-

ans increased. But taking into consideration that

the share of loans denominated in the national

currency is not high growth due to exchange rate

changes in mentioned sectors amounted to 2.3

million of USD and 5.3 million of USD respectively.

External Debt


The balance of payments statistics division of the

National Bank of Georgia uses diff erent data sources

from various institutions and organizations in order

5. DATA SOURCE DESCRIPTION

to compile balance of payments, international in-

vestment position and gross external debt statistics.

Number of the

reporting formName of the reporting form Periodicity Data provider

F9-1 Claims of commercial banks on nonresidents Quarterly Commercial banks

F9-2 Liabilities of commercial banks to nonresidents Quarterly Commercial banks

F9-3 Long-term loans of commercial banks received from nonresidents and its service Quarterly Commercial banks

F9-4 Assets and liabilities of commercial banks with respect to fi nancial derivatives Quarterly Commercial banks

External liabilities of micro fi nancial organizations Quarterly Balance of Payments Statistics Division

Balance sheet of the National Bank of Georgia Monthly Monetary Statistics Division

Report on international fi nancial service Monthly Monetary Statistics Division

Report on money transfers made by individuals Monthly Monetary Statistics Division

Monetary survey data Monthly Monetary Statistics Division

Data on income accrued on foreign assets Monthly Foreign exchange and monetary operations department

Data on utilization and service of loans received from IMF Monthly Foreign exchange and monetary operations department

Foreign exchange position of the National Bank of Georgia Monthly Foreign exchange and monetary operations department

RI Income balance of commercial banks Monthly Supervision department

A-LS Data on the share of foreign capital in the banking system Monthly Supervision department

A-LS List of shareholders of commercial banks Monthly Supervision department

RC-I Report on investments in commercial banks’ equity capital Monthly Supervision department

RC-B1 Data on loans received by commercial banks Monthly Supervision department

RC-L2 Report on loans provided by commercial banks Monthly Supervision department

RC-S1RC-S2 Report on securities of commercial banks Monthly Supervision department

RC-C Report on currency an deposits of commercial banks Monthly Supervision department

A-LD Report on liquidity of commercial banks Monthly Supervision department

RC-D Report on deposits of commercial banks Monthly Supervision department

TABLE 5.1 DATA SOURCES OF THE NATIONAL BANK OF GEORGIA

Data Source Description


Number of the


Export, import and transit of electricity and other energy sources Monthly “Georgian Electrosystem” Ltd, “Gas

Transportation Company” Ltd

Data on prices of electricity and natural gas Monthly Wholesale electricity market and Georgian international natural gas an oil corporation

02–01–05 Data on international communication services Quarterly Independent legal entities taking part in the international communications

02–01–03 Data on services provided to carriers in seaports and airports Quarterly Georgian seaports and airports

External trade database Monthly Macroeconomic statistics division of the statistics department

02–03–01 Report on Georgian Railways’ international transport services and external debt service Quarterly “Georgian Railway” Ltd

02–01–01 Data on international sea an air transport services Quarterly Georgian ships and airlines

02–01–06 Data on international communication services Quarterly “Georgian Post” Ltd

02–01–07 Data on the number of individuals migrated abroad or working abroad, based on household survey Quarterly Macroeconomic statistics division of

the statistics department

Data on external debt of private sector Quarterly Macroeconomic statistics division of the statistics department

02–02–02 Data on international economic transactions of enterprises Quarterly Large enterprises

02–02–01 Data on international economic transactions of enterprises Annual Small and medium sized enterprises

Data on shuttle trade and travel expenses based on specifi c sample survey

Conducted once only, in July – November 2006

Macroeconomic statistics division of the statistics department

Number of the


External government debt and government guaranteed debt and its service Quarterly The Ministry of Finance

International grants, technical and humanitarian aid Quarterly The Ministry of Finance

Balances on banking accounts abroad of state institutions Quarterly The Ministry of Finance

Stock of external government debt and government guaranteed debt Quarterly The Ministry of Finance

Database of custom declarations Monthly Income Department of the Ministry of Finance

Number of the


02–03–09 Data on money fl ows on banking accounts abroad of Georgian embassies and conaulates

Quarterly The Ministry of Foreign Aff airs

02–03–11 Data on payments to international organizations Quarterly The Ministry of Foreign Aff airs

Administrative database of individuals crossing state border QuarterlyBorder Police of the Ministry of Internal

Aff airs

Administrative database of transport carriers crossing state border QuarterlyBorder Police of the Ministry of

Internal Aff airs

Data on export-import of insurance services and foreign capital participation in insurance companies

QuarterlyGeorgian State Insurance Supervision

Department

02–03–07 Data on internships, seminar participation, and other business trips QuarterlyMinistries, departments, and other state

institutions

02–03–08 Data on international grants, technical and humanitarian aid QuarterlyMinistries, departments, and other state

institutions

TABLE 5.2 DATA SOURCES OF NATIONAL STATISTICS OFFICE OF GEORGIA

TABLE 5.3 THE DATA SOURCES OF THE MINISTRY OF FINANCE

TABLE 5.4 DATA SOURCES RECEIVED FROM VARIOUS INSTITUTIONS

Data Source Description


Appendices

Appendix1. Balance of Payments of Georgia, 2005-2009

(standard presentation)(Thous. of USD)

2005 2006 2007 2008 2009

Current Account -709,202.0 -1,175,250.6 -2,009,965.2 -2,912,275.1 -1,216,465.4

Goods -1,213,903.4 -2,019,354.3 -2,895,825.2 -3,833,225.4 -2,398,993.0

Credit 1,472,437.3 1,666,525.9 2,088,284.8 2,427,979.4 1,893,602.4

Debit -2,686,340.7 -3,685,880.2 -4,984,110.0 -6,261,204.8 -4,292,595.3

General merchandise -1,256,544.1 -2,112,825.9 -2,978,444.8 -3,955,173.6 -2,562,283.7

Credit 1,361,296.4 1,517,410.2 1,963,121.6 2,257,060.1 1,693,237.6

Debit -2,617,840.5 -3,630,236.1 -4,941,566.4 -6,212,233.8 -4,255,521.2

Goods for processing 277.4 40,582.6 4,528.7 12,710.1 16,771.1

Credit 50,203.1 76,163.5 31,802.8 39,405.9 35,914.8

Debit -49,925.7 -35,580.9 -27,274.1 -26,695.8 -19,143.7

Processing abroad 722.0 511.0 -2,080.3 1,371.8 109.2

Credit 3,072.8 4,322.9 883.6 2,674.3 744.2

Debit -2,350.8 -3,811.9 -2,963.9 -1,302.5 -635.0

Processing in the compiling economy -444.6 40,071.6 6,609.0 11,338.3 16,661.9

Credit 47,130.3 71,840.6 30,919.2 36,731.7 35,170.6

Debit -47,574.9 -31,769.0 -24,310.2 -25,393.4 -18,508.7

Repairs on goods 3,771.0 -2,254.4 -637.5 -4,689.4 355.3

Credit 7,918.7 3,528.3 722.9 919.0 3,912.9

Debit -4,147.7 -5,782.7 -1,360.4 -5,608.3 -3,557.6


Credit 18,276.3 20,052.6 23,245.7 30,482.6 44,347.8

Debit -14,421.2 -14,136.7 -13,844.8 -16,659.4 -14,355.1

In seaports 3,163.3 3,814.5 3,711.2 3,215.7 3,250.3

Credit 3,562.1 4,182.2 4,003.3 3,427.4 3,466.3

Debit -398.8 -367.6 -292.1 -211.7 -216.0

In airports 691.8 2,101.3 5,689.7 10,607.5 26,742.4

Credit 14,714.2 15,870.4 19,242.4 27,055.2 40,881.5

Debit -14,022.4 -13,769.1 -13,552.7 -16,447.7 -14,139.1


Credit 34,742.7 49,371.4 69,391.7 100,111.7 116,189.3

Debit -5.6 -143.9 -64.3 -7.4 -17.7

Held as a store of value 0.0 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Other 34,737.1 49,227.5 69,327.4 100,104.3 116,171.6

Credit 34,742.7 49,371.4 69,391.7 100,111.7 116,189.3

Debit -5.6 -143.9 -64.3 -7.4 -17.7

Services 83,591.0 157,785.8 161,150.2 21,002.0 333,308.1

Credit 715,043.4 885,033.9 1,094,070.2 1,260,426.4 1,307,975.8

Debit -631,452.4 -727,248.1 -932,920.0 -1,239,424.4 -974,667.7

Transportation 43,707.1 23,022.5 4,121.8 -28,331.6 131,017.3

Credit 331,755.4 410,807.6 511,425.5 613,620.3 621,874.7

Debit -288,048.3 -387,785.0 -507,303.7 -641,951.9 -490,857.4

Passenger -22,924.0 -42,208.3 -45,073.6 -76,452.5 -68,835.3

Credit 45,543.7 47,984.3 56,037.8 57,869.2 61,424.4

6. APPENDICES


Debit -68,467.7 -90,192.5 -101,111.4 -134,321.7 -130,259.7

Freight -17,896.3 -45,147.6 -73,754.9 -50,460.6 100,598.9

Credit 174,114.2 226,995.0 307,520.8 430,118.9 437,468.5

Debit -192,010.5 -272,142.5 -381,275.6 -480,579.6 -336,869.6

Other 84,527.4 110,378.4 122,950.3 98,581.5 99,253.7

Credit 112,097.5 135,828.4 147,867.0 125,632.2 122,981.9

Debit -27,570.2 -25,450.0 -24,916.7 -27,050.7 -23,728.1

Sea transport -6,037.8 -9,820.1 -36,859.7 -96,901.6 -45,471.8

Credit 75,200.6 94,851.2 109,697.4 84,450.5 83,925.3

Debit -81,238.4 -104,671.3 -146,557.1 -181,352.0 -129,397.0

Passenger 492.0 1,045.8 1,340.6 393.9 678.2

Credit 1,331.4 1,921.7 1,805.0 1,052.7 1,348.1

Debit -839.4 -875.9 -464.3 -658.8 -669.9

Freight -72,017.3 -92,231.0 -135,182.3 -169,657.0 -119,417.2

Credit 3,861.6 5,336.1 5,453.3 5,909.5 5,835.5

Debit -75,878.9 -97,567.0 -140,635.5 -175,566.5 -125,252.8

Other 65,487.5 81,365.1 96,982.0 72,361.6 73,267.2

Credit 70,007.6 87,593.5 102,439.2 77,488.3 76,741.6

Debit -4,520.1 -6,228.3 -5,457.2 -5,126.7 -3,474.4

Air transport -15,618.8 -21,557.6 -47,769.0 -75,840.4 -47,190.4

Credit 76,559.6 83,454.9 83,422.7 82,926.9 81,486.3

Debit -92,178.4 -105,012.5 -131,191.7 -158,767.2 -128,676.7

Passenger -11,444.1 -20,423.8 -21,832.3 -46,519.9 -36,467.6

Credit 40,043.0 39,619.6 43,723.9 43,552.7 45,255.9

Debit -51,487.1 -60,043.4 -65,556.2 -90,072.7 -81,723.6

Freight -22,153.1 -29,230.6 -50,785.6 -53,907.2 -34,474.8

Credit 569.3 881.7 1,650.0 1,445.9 1,083.8

Debit -22,722.4 -30,112.2 -52,435.7 -55,353.1 -35,558.7

Other 17,978.3 28,096.8 24,848.9 24,586.8 23,752.1

Credit 35,947.3 42,953.7 38,048.8 37,928.2 35,146.5

Debit -17,969.0 -14,856.9 -13,199.8 -13,341.4 -11,394.4

Other transport 65,363.7 54,400.2 88,750.5 144,410.3 223,679.4

Credit 179,995.1 232,501.4 318,305.4 446,243.0 456,463.2

Debit -114,631.5 -178,101.3 -229,554.9 -301,832.7 -232,783.8

Passenger -11,971.8 -22,830.2 -24,582.0 -30,326.4 -33,045.9

Credit 4,169.3 6,443.0 10,508.9 13,263.7 14,820.3

Debit -16,141.1 -29,273.2 -35,090.8 -43,590.1 -47,866.3

Freight 76,274.0 76,313.9 112,213.1 173,103.6 254,491.0

Credit 169,683.2 220,777.2 300,417.5 422,763.5 430,549.2

Debit -93,409.2 -144,463.3 -188,204.4 -249,660.0 -176,058.2

Other 1,061.5 916.5 1,119.4 1,633.2 2,234.4

Credit 6,142.6 5,281.2 7,379.1 10,215.7 11,093.7

Debit -5,081.1 -4,364.8 -6,259.7 -8,582.5 -8,859.3

Extended classifi cation of Other transport 0.0 0.0 0.0 0.0

Rail transport 57,475.5 57,269.3 44,524.6 37,274.2 66,482.2

Credit 93,885.0 112,451.6 110,699.9 120,403.6 105,260.2

Debit -36,409.5 -55,182.3 -66,175.3 -83,129.3 -38,777.9

Passenger -564.1 -770.7 -643.7 -642.6 -379.7

Credit 84.9 152.2 156.5 177.7 487.5

Debit -649.0 -922.8 -800.2 -820.3 -867.3

Freight 58,397.2 58,582.6 45,822.1 38,739.9 67,241.1

Credit 93,800.1 112,299.4 110,543.4 120,225.8 104,772.6

Debit -35,402.9 -53,716.9 -64,721.3 -81,485.9 -37,531.6

2005 2006 2007 2008 2009

Appendices

continued


Other -357.6 -542.6 -653.8 -823.1 -379.1

Credit 0.0 0.0 0.0 0.0 0.0

Debit -357.6 -542.6 -653.8 -823.1 -379.1

Road transport -47,130.3 -93,620.3 -122,787.5 -161,661.4 -131,872.7

Credit 31,091.6 29,298.7 40,592.1 57,041.9 62,133.1

Debit -78,221.9 -122,918.9 -163,379.6 -218,703.3 -194,005.8

Passengers -11,407.7 -22,059.5 -23,938.2 -29,683.8 -32,666.2

Credit 4,084.4 6,290.8 10,352.4 13,086.0 14,332.8

Debit -15,492.1 -28,350.4 -34,290.6 -42,769.8 -46,999.0

Freight -37,141.7 -73,019.8 -100,622.4 -134,433.8 -101,820.0

Credit 20,864.6 17,726.6 22,860.7 33,740.2 36,706.6

Debit -58,006.3 -90,746.4 -123,483.1 -168,174.0 -138,526.6

Other 1,419.1 1,459.1 1,773.2 2,456.3 2,613.5

Credit 6,142.6 5,281.2 7,379.1 10,215.7 11,093.7

Debit -4,723.5 -3,822.2 -5,605.9 -7,759.5 -8,480.2

Pipeline 55,018.5 90,751.2 167,013.4 268,797.5 289,069.9

Credit 55,018.5 90,751.2 167,013.4 268,797.5 289,069.9

Debit 0.0 0.0 0.0 0.0 0.0

Travel 72,601.4 145,926.7 207,975.0 243,155.3 288,806.0

Credit 241,441.5 312,570.9 383,745.8 446,646.0 470,283.4

Debit -168,840.1 -166,644.2 -175,770.8 -203,490.6 -181,477.4

Business 32,261.5 55,129.5 94,310.1 110,210.1 132,028.9

Credit 143,298.1 167,686.4 210,195.9 257,754.3 260,940.1

Debit -111,036.6 -112,556.9 -115,885.9 -147,544.2 -128,911.1

Expenditure by seasonal and border workers -4,910.3 -7,411.9 -9,760.8 -11,972.9 -12,977.9

Credit 1,953.1 1,363.5 679.7 847.6 805.0

Debit -6,863.4 -8,775.4 -10,440.4 -12,820.5 -13,782.9

Other 37,171.8 62,541.4 104,070.8 122,183.0 145,006.9

Credit 141,345.0 166,322.9 209,516.2 256,906.8 260,135.1

Debit -104,173.2 -103,781.6 -105,445.4 -134,723.8 -115,128.2

Personal 40,339.9 90,797.3 113,664.9 132,945.2 156,777.0

Credit 98,143.4 144,884.5 173,549.8 188,891.6 209,343.3

Debit -57,803.5 -54,087.3 -59,884.9 -55,946.4 -52,566.3

Health-related expenditure -3,199.4 -2,607.0 -276.8 279.5 -461.9

Credit 199.1 211.7 271.9 344.6 387.8

Debit -3,398.5 -2,818.8 -548.7 -65.1 -849.7

Education-related expenditure -38,701.2 -38,431.2 -38,417.6 -38,406.1 -25,194.0

Credit 4,632.5 4,397.4 4,295.9 3,633.3 3,208.9

Debit -43,333.7 -42,828.6 -42,713.5 -42,039.4 -28,402.9

Other 82,240.5 131,835.5 152,359.3 171,071.8 182,433.0

Credit 93,311.8 140,275.4 168,982.0 184,913.7 205,746.6

Debit -11,071.3 -8,439.9 -16,622.8 -13,841.9 -23,313.6

Communication services 2,410.5 3,158.5 3,118.6 10,509.9 14,504.2

Credit 19,757.6 17,547.3 14,496.7 23,618.8 28,215.5

Debit -17,347.1 -14,388.9 -11,378.1 -13,108.9 -13,711.3

Postal and courier services 767.3 843.4 922.0 1,179.4 1,786.1

Credit 1,262.9 1,255.5 1,380.2 1,662.9 2,522.5

Debit -495.6 -412.0 -458.2 -483.5 -736.4

Telecommunication services 1,643.2 2,315.0 2,196.6 9,330.5 12,718.1

Credit 18,494.7 16,291.9 13,116.5 21,955.9 25,693.0

Debit -16,851.6 -13,976.9 -10,919.9 -12,625.4 -12,974.9

Construction services -16,031.5 -4,287.6 -3,405.2 -15,568.1 -14,562.9

Credit 0.0 0.0 2,762.5 2,194.1 6,343.8

2005 2006 2007 2008 2009

continued

Appendices


Debit -16,031.5 -4,287.6 -6,167.6 -17,762.3 -20,906.7

Construction abroad 0.0 0.0 2,762.5 2,194.1 -8,229.9

Credit 0.0 0.0 2,762.5 2,194.1 6,343.8

Debit 0.0 0.0 0.0 0.0 -14,573.7

Construction in the compiling -16,031.5 -4,287.6 -6,167.6 -17,762.3 -6,333.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit -16,031.5 -4,287.6 -6,167.6 -17,762.3 -6,333.0

Insurance services -47,964.7 -66,936.9 -97,800.4 -135,574.4 -93,381.0

Credit 10,957.7 13,415.4 13,022.4 15,113.1 15,380.7

Debit -58,922.4 -80,352.3 -110,822.8 -150,687.5 -108,761.7

Life insurance & pension funding 0.0 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Freight insurance -38,712.0 -56,941.3 -84,428.0 -106,908.1 -73,834.9

Credit 9,380.0 11,229.9 11,054.3 12,022.6 10,477.3

Debit -48,092.0 -68,171.3 -95,482.3 -118,930.7 -84,312.2

Other direct insurance -422.0 148.7 -811.1 -6,425.7 -2,329.6

Credit 596.5 1,058.3 572.3 619.4 2,990.5

Debit -1,018.5 -909.6 -1,383.5 -7,045.1 -5,320.1

Reinsurance -9,811.8 -11,271.4 -13,957.0 -24,711.7 -19,129.5

Credit 0.0 0.0 0.0 0.0 0.0

Debit -9,811.8 -11,271.4 -13,957.0 -24,711.7 -19,129.5

Auxiliary services 981.2 1,127.1 1,395.7 2,471.2 1,912.9

Credit 981.2 1,127.1 1,395.7 2,471.2 1,912.9

Debit 0.0 0.0 0.0 0.0 0.0

Financial services (other than insurance) 18,060.0 14,716.2 -3,036.6 -7,762.1 -3,945.1

Credit 20,269.8 18,882.3 9,125.2 9,662.3 13,260.7

Debit -2,209.8 -4,166.2 -12,161.8 -17,424.4 -17,205.9

Computer and information services -960.4 -246.4 -377.8 -7,141.8 -1,541.8

Credit 119.6 537.6 1,886.3 3,503.7 6,060.0

Debit -1,080.0 -783.9 -2,264.1 -10,645.5 -7,601.8

Computer services -285.3 -220.0 -377.6 -4,522.5 -2,490.2

Credit 0.0 44.0 1,003.2 1,485.5 1,983.2

Debit -285.3 -264.0 -1,380.7 -6,008.0 -4,473.3

Information services -675.1 -26.3 -0.2 -2,619.3 948.3

Credit 119.6 493.6 883.2 2,018.2 4,076.8

Debit -794.7 -519.9 -883.3 -4,637.5 -3,128.5

Royalties and license fees 3,973.8 7,908.4 5,758.8 -2,206.1 -1,094.8

Credit 9,294.6 12,932.0 10,630.3 6,197.4 7,464.3

Debit -5,320.8 -5,023.6 -4,871.5 -8,403.5 -8,559.2

Other business services -15,267.6 -14,915.5 -14,566.1 -47,153.4 -14,392.4

Credit 10,835.7 8,762.6 20,298.6 27,096.2 36,455.0

Debit -26,103.2 -23,678.0 -34,864.7 -74,249.6 -50,847.3

Merchanting and other trade-related services -171.9 -366.8 -161.4 -2,821.1 -1,028.0

Credit 0.0 0.0 326.5 713.3 1,412.2

Debit -171.9 -366.8 -487.9 -3,534.4 -2,440.3

Operational leasing services -8,389.7 -8,367.5 -3,759.5 -6,576.4 -1,891.3

Credit 5,868.9 3,901.8 10,349.2 15,085.2 17,640.6

Debit -14,258.5 -12,269.3 -14,108.7 -21,661.6 -19,531.9

Misc. business, professional and technical services -6,706.0 -6,181.1 -10,645.2 -37,755.9 -11,473.0

Credit 4,966.8 4,860.8 9,622.8 11,297.7 17,402.1

Debit -11,672.8 -11,041.9 -20,268.0 -49,053.6 -28,875.1

Legal, accounting, management consult. and public relations -3,620.0 -3,184.7 -1,397.4 -12,494.3 -4,464.7

2005 2006 2007 2008 2009

continued

Appendices


Credit 4,966.8 4,755.4 5,998.7 5,670.6 6,991.8

Debit -8,586.8 -7,940.1 -7,396.0 -18,165.0 -11,456.5

Legal services -85.4 -212.2 -949.0 -2,967.1 90.7

Credit 0.0 0.0 54.4 412.5 1,447.8

Debit -85.4 -212.2 -1,003.3 -3,379.6 -1,357.1

Accounting, auditing, bookkeeping and tax consultation services -1,180.0 -864.3 -136.8 -2,844.5 292.0

Credit 0.0 0.0 521.5 1,629.0 1,937.7

Debit -1,180.0 -864.3 -658.2 -4,473.5 -1,645.7

Business and management consultancy, public relations -2,354.6 -2,108.3 -311.7 -6,682.7 -4,847.4

Credit 4,966.8 4,755.4 5,422.8 3,629.1 3,606.3

Debit -7,321.5 -6,863.6 -5,734.5 -10,311.8 -8,453.7

Advertising, market research, and public opinion polling -620.7 -528.6 459.5 -1,470.9 2,288.8

Credit 0.0 105.4 1,129.7 1,620.5 4,686.5

Debit -620.7 -634.0 -670.2 -3,091.4 -2,397.6

Architectural, engineering, and other technical services -1,133.3 -614.0 -4,761.6 -15,348.8 -7,660.2

Credit 0.0 0.0 896.6 1,016.1 1,543.2

Debit -1,133.3 -614.0 -5,658.2 -16,364.9 -9,203.4

Other business services -1,332.1 -1,853.9 -4,927.0 -8,353.8 -1,603.9

Credit 0.0 0.0 1,597.8 2,990.5 4,100.7

Debit -1,332.1 -1,853.9 -6,524.8 -11,344.4 -5,704.6

Personal, cultural and recreational services 3,165.9 5,519.8 1,947.0 -8,942.4 3,525.8

Credit 3,165.9 5,519.8 8,681.4 8,947.6 14,066.8

Debit 0.0 0.0 -6,734.4 -17,890.0 -10,541.0

Audio-visual & related services 280.6 484.2 529.1 -686.7 -51.6

Credit 280.6 484.2 1,004.6 2,471.3 2,970.0

Debit 0.0 0.0 -475.5 -3,158.0 -3,021.6

Other personal, cultural and recreational services 2,885.3 5,035.6 1,417.9 -8,255.7 3,577.4

Credit 2,885.3 5,035.6 7,676.8 6,476.2 11,096.8

Debit 0.0 0.0 -6,258.9 -14,731.9 -7,519.4

Government services, n.i.e. 19,896.3 43,920.1 57,415.0 20,016.7 24,373.0

Credit 67,445.5 84,058.5 117,995.5 103,826.9 88,570.9

Debit -47,549.2 -40,138.4 -60,580.5 -83,810.1 -64,197.9

Embassies and consulates -1,645.5 3,194.5 -7,213.8 -27,001.8 -10,002.3

Credit 19,805.6 24,277.1 30,583.5 29,910.7 31,067.1

Debit -21,451.0 -21,082.6 -37,797.3 -56,912.5 -41,069.4

Military units and agencies 2,975.1 13,165.7 38,275.4 28,384.9 6,807.9

Credit 22,899.0 24,371.0 46,632.6 41,337.4 21,007.9

Debit -19,923.9 -11,205.3 -8,357.2 -12,952.4 -14,200.0

Other 18,566.7 27,559.9 26,353.4 18,633.6 27,567.4

Credit 24,740.9 35,410.4 40,779.4 32,578.8 36,495.9

Debit -6,174.3 -7,850.5 -14,426.0 -13,945.2 -8,928.5

Income 62,072.7 162,374.4 36,256.0 -160,406.6 -117,618.4

Credit 263,325.2 341,206.8 481,606.7 494,181.3 422,686.9

Debit -201,252.4 -178,832.3 -445,350.7 -654,587.9 -540,305.2

Compensation of employees including border, seasonal 229,247.9 295,113.2 379,233.9 375,001.6 361,497.3

Credit 247,248.5 315,280.4 405,598.0 419,152.6 391,548.7

Debit -18,000.7 -20,167.3 -26,364.2 -44,151.0 -30,051.4

Investment income -167,175.1 -132,738.7 -342,977.9 -535,408.2 -479,115.7

Credit 16,076.6 25,926.3 76,008.7 75,028.7 31,138.2

Debit -183,251.7 -158,665.0 -418,986.5 -610,436.9 -510,253.9

Direct investment -112,711.9 -94,371.5 -297,545.6 -355,684.5 -262,500.7

Credit 3,522.7 67.7 17.8 5,608.6 337.9

Debit -116,234.5 -94,439.2 -297,563.4 -361,293.0 -262,838.6

2005 2006 2007 2008 2009

continued

Appendices


Income on equity -105,535.7 -92,031.3 -222,221.5 -256,994.8 -183,950.0

Credit 3,522.7 0.0 0.0 4,655.0 -973.2

Debit -109,058.3 -92,031.3 -222,221.5 -261,649.8 -182,976.8

Dividends and distributed branch profi ts -60,570.9 -27,535.4 -173,266.0 -182,919.4 -233,250.4

Credit 0.0 0.0 0.0 2,400.0 500.0

Debit -60,570.9 -27,535.4 -173,266.0 -185,319.4 -233,750.4

Reinvested earnings and undistributed branch profi ts -44,964.7 -64,495.9 -48,955.5 -74,075.4 49,300.4

Credit 3,522.7 0.0 0.0 2,255.0 -1,473.2

Debit -48,487.4 -64,495.9 -48,955.5 -76,330.4 50,773.6

Income on debt (interest) -7,176.2 -2,340.2 -75,324.1 -98,689.7 -78,550.7

Credit 0.0 67.7 17.8 953.5 1,311.1

Debit -7,176.2 -2,407.9 -75,341.9 -99,643.2 -79,861.8

Portfolio investment 5,290.7 8,419.1 22,035.2 -8,983.9 -30,651.9

Credit 5,354.6 8,953.1 23,258.5 28,381.9 16,691.4

Debit -63.9 -533.9 -1,223.2 -37,365.8 -47,343.3

Income on equity (dividends) -32.7 -533.9 -1,223.2 -10,803.3 -9,843.3

Credit 0.0 0.0 0.0 0.0 0.0

Debit -32.7 -533.9 -1,223.2 -10,803.3 -9,843.3

Monetary authorities 0.0 0.0 0.0 0.0 0.0

General government 0.0 0.0 0.0 0.0 0.0

Banks -32.7 -219.2 -1,163.6 -2,821.7 -570.9

Credit 0.0 0.0 0.0 0.0 0.0

Debit -32.7 -219.2 -1,163.6 -2,821.7 -570.9

Other sectors 0.0 -314.7 -59.6 -7,981.6 -9,272.4

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 -314.7 -59.6 -7,981.6 -9,272.4

Income on debt (interest) 5,323.4 8,953.1 23,258.5 1,819.4 -20,808.6

Credit 5,354.6 8,953.1 23,258.5 28,381.9 16,691.4

Debit -31.2 0.0 0.0 -26,562.5 -37,500.0

Bonds and notes 0.0 0.0 619.7 -25,625.0 -37,500.0

Credit 0.0 0.0 619.7 937.5 0.0

Debit 0.0 0.0 0.0 -26,562.5 -37,500.0


Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

General government 0.0 0.0 0.0 -25,850.3 -37,500.0

Credit 0.0 0.0 0.0 712.2 0.0

Debit 0.0 0.0 0.0 -26,562.5 -37,500.0

Banks 0.0 0.0 619.7 225.3 0.0

Credit 0.0 0.0 619.7 225.3 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Money-market instruments 5,323.4 8,953.1 22,638.8 27,444.4 16,691.4

Credit 5,354.6 8,953.1 22,638.8 27,444.4 16,691.4

Debit -31.2 0.0 0.0 0.0 0.0

Monetary authorities 5,354.6 8,953.1 22,638.8 27,444.4 16,691.4

Credit 5,354.6 8,953.1 22,638.8 27,444.4 16,691.4

Debit 0.0 0.0 0.0 0.0 0.0

General government -31.2 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit -31.2 0.0 0.0 0.0 0.0

Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

2005 2006 2007 2008 2009

continued

Appendices


Other investment -59,753.9 -46,786.4 -67,467.5 -170,739.9 -185,963.1

Credit 7,199.3 16,905.6 52,732.4 41,038.2 14,108.9

Debit -66,953.3 -63,692.0 -120,199.8 -211,778.1 -200,072.0

Monetary authorities 3,939.3 12,352.4 34,324.5 17,662.6 -3,558.7

Credit 5,687.0 14,031.6 35,656.7 20,154.1 3,491.3

Debit -1,747.6 -1,679.2 -1,332.2 -2,491.5 -7,050.1

General government -32,829.6 -28,758.2 -25,133.9 -21,598.7 -24,392.9

Credit 211.9 312.2 19.1 3,878.0 96.1

Debit -33,041.6 -29,070.4 -25,153.0 -25,476.7 -24,489.0

Banks -19,975.2 -17,382.9 -59,834.5 -119,993.4 -108,521.8

Credit 1,047.9 1,426.6 11,155.8 12,764.3 6,449.1

Debit -21,023.1 -18,809.6 -70,990.3 -132,757.7 -114,970.9

Other sectors -10,888.4 -12,997.7 -16,823.6 -46,810.4 -49,489.7

Credit 252.6 1,135.2 5,900.7 4,241.9 4,072.4

Debit -11,141.0 -14,132.8 -22,724.3 -51,052.3 -53,562.1

Current transfers 359,037.6 523,943.4 688,453.8 1,060,354.9 966,837.9

Credit 413,435.0 586,956.8 768,455.9 1,142,020.1 1,037,857.1

Debit -54,397.4 -63,013.4 -80,002.1 -81,665.2 -71,019.3

General government 100,348.5 139,815.0 138,491.5 364,993.6 140,293.7

Credit 141,445.2 191,436.6 207,033.1 429,267.3 199,578.8

EF - Intergovernmental grants 61,950.7 81,367.4 112,901.4 322,170.8 108,455.1

EF - Grants received from Fund subsidy accounts 0.0 0.0 0.0 0.0 0.0

Other 79,494.5 110,069.2 94,131.7 107,096.5 91,123.6

Debit -41,096.8 -51,621.6 -68,541.6 -64,273.6 -59,285.0

Other sectors 258,689.2 384,128.4 549,962.3 695,361.3 826,544.1

Credit 271,989.7 395,520.2 561,422.8 712,752.8 838,278.4

Debit -13,300.6 -11,391.8 -11,460.5 -17,391.6 -11,734.3

Workers' remittances 86,187.5 149,139.4 243,332.1 302,685.5 315,842.7

Credit 93,792.5 152,955.3 245,028.2 305,122.6 317,364.4

Debit -7,605.0 -3,815.9 -1,696.1 -2,437.1 -1,521.7

Other transfers 172,501.6 234,989.0 306,630.2 392,675.8 510,701.4

Credit 178,197.2 242,564.9 316,394.5 407,630.3 520,914.0

Debit -5,695.6 -7,575.9 -9,764.4 -14,954.5 -10,212.5

Capital and fi nancial account 683,248.2 1,239,846.6 2,045,034.3 2,948,378.2 1,161,675.2

Capital account 58,644.3 171,156.2 127,945.8 112,284.0 182,504.2

Credit 61,571.4 172,194.8 128,250.9 112,422.7 182,614.6

Debit -2,927.1 -1,038.6 -305.1 -138.7 -110.5

Capital transfers 58,644.3 171,156.2 127,945.8 112,284.0 182,504.2

Credit 61,571.4 172,194.8 128,250.9 112,422.7 182,614.6

Debit -2,927.1 -1,038.6 -305.1 -138.7 -110.5


Credit 48,279.7 145,402.2 67,911.2 86,797.2 169,960.2

Debit 0.0 0.0 0.0 0.0 0.0

Debt forgiveness 0.0 54,404.7 1.9 2,332.9 0.0

Credit 0.0 54,404.7 1.9 2,332.9 0.0

EF 0.0 2,180.4 1.9 11.8 0.0

Other 0.0 52,224.3 0.0 2,321.2 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Other 48,279.7 90,997.5 67,909.3 84,464.3 169,960.2

Credit 48,279.7 90,997.5 67,909.3 84,464.3 169,960.2

Debit 0.0 0.0 0.0 0.0 0.0

Other sectors 10,364.6 25,754.1 60,034.6 25,486.8 12,544.0

Credit 13,291.7 26,792.6 60,339.6 25,625.5 12,654.4

2005 2006 2007 2008 2009

continued

Appendices


Debit -2,927.1 -1,038.6 -305.1 -138.7 -110.5

Migrants' transfers 2,166.1 16,063.8 44,550.0 7,656.4 5,311.8

Credit 5,093.2 17,102.3 44,855.0 7,795.0 5,422.3

Debit -2,927.1 -1,038.6 -305.1 -138.7 -110.5

Debt forgiveness 0.0 0.0 362.5 7,494.1 167.1

Credit 0.0 0.0 362.5 7,494.1 167.1

Debit 0.0 0.0 0.0 0.0 0.0

Other 8,198.5 9,690.3 15,122.1 10,336.3 7,065.1

Credit 8,198.5 9,690.3 15,122.1 10,336.3 7,065.1

Debit 0.0 0.0 0.0 0.0 0.0

Acquisition/disposal of nonproduced nonfi nancial assets 0.0 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Financial account 624,603.9 1,068,690.3 1,917,088.5 2,836,094.2 979,171.1

Direct investment

Direct investment Abroad 89,477.3 15,831.4 -76,344.0 -69,962.0 1,062.9

Equity capital 93,000.0 18,020.0 -78,635.6 -67,706.9 904.3

Claims on affi liated enterprises 93,000.0 18,020.0 -78,635.6 -67,706.9 904.3

Liabilities to affi liated enterprises 0.0 0.0 0.0 0.0 0.0

Reinvested earnings -3,522.7 0.0 0.0 -2,255.0 1,473.2

Claims -3,522.7 0.0 0.0 -2,255.0 1,473.2

Liabilities 0.0 0.0 0.0 0.0 0.0

Other capital 0.0 -2,188.6 2,291.6 0.0 -1,314.7

Claims on affi liated enterprises 0.0 -2,188.6 2,291.6 0.0 -1,314.7


Direct investments in reporting economy 452,752.3 1,170,077.4 1,750,242.6 1,564,030.3 658,400.6

Equity capital 334,869.5 858,125.2 860,955.5 1,097,977.6 615,480.2

Claims on direct investors 0.0 0.0 0.0 0.0 0.0

Liabilities to direct investors 334,869.5 858,125.2 860,955.5 1,097,977.6 615,480.2

EF - Investment associated with debt reduction 0.0 0.0 0.0 0.0 0.0

EF - Other 0.0 0.0 0.0 0.0 0.0

Other 334,869.5 858,125.2 860,955.5 1,097,977.6 615,480.2

Reinvested earnings 48,487.4 64,495.9 48,955.5 76,330.4 -50,773.6

Claims 0.0 0.0 0.0 0.0 0.0

Liabilities 48,487.4 64,495.9 48,955.5 76,330.4 -50,773.6

Other capital 69,395.4 247,456.3 840,331.6 389,722.3 93,694.0

Claims on direct investors -355.0 -215.0 -127,373.2 -26,989.2 5,973.7

Liabilities to direct investors 69,750.4 247,671.3 967,704.8 416,711.5 87,720.3


Assets 13,064.1 -2,188.5 -12,662.6 675.6 -1,130.9

Equity securities 0.0 -2,188.5 -5,084.1 2.5 -1,130.9



Banks 0.0 -2,188.5 -5,084.1 2.5 0.0

Other sectors 0.0 0.0 0.0 0.0 -1,130.9

Debt securities 13,064.1 0.0 -7,578.4 673.1 0.0

Bonds and Notes 0.0 0.0 -5,210.5 -1,695.5 0.0


General government 0.0 0.0 0.0 -6,814.9 0.0

Banks 0.0 0.0 -5,119.5 5,119.5 0.0

Other sectors 0.0 0.0 -91.0 0.0 0.0

Money-market instruments 13,064.1 0.0 -2,367.9 2,368.6 0.0


2005 2006 2007 2008 2009

continued

Appendices



Banks 13,064.1 0.0 -2,367.9 2,368.6 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Liabilities 2,409.5 142,508.6 33,634.5 625,915.3 13,198.4

Equity securities 2,500.0 142,508.6 33,634.5 118,102.8 13,198.4

Banks 2,500.0 142,485.0 33,651.5 101,414.7 8,223.9

Other sectors 0.0 23.6 -16.9 16,688.1 4,974.5

Debt securities -90.5 0.0 0.0 507,812.5 0.0

Bonds and Notes 0.0 0.0 0.0 507,812.5 0.0


General government 0.0 0.0 0.0 507,812.5 0.0

EF - Issues 0.0 0.0 0.0 507,812.5 0.0

Other 0.0 0.0 0.0 0.0 0.0

Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Money-market instruments -90.5 0.0 0.0 0.0 0.0


General government -90.5 0.0 0.0 0.0 0.0

EF - Issues -90.5 0.0 0.0 0.0 0.0

Other 0.0 0.0 0.0 0.0 0.0

Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Financial derivatives, net 0.0 0.0 1,066.8 7,778.8 567.4



Banks 0.0 0.0 1,066.8 7,778.8 567.4

Other sectors 0.0 0.0 0.0 0.0 0.0

Financial derivatives, assets 0.0 0.0 1,247.8 11,079.7 1,105.8



Banks 0.0 0.0 1,247.8 11,079.7 1,105.8

Other sectors 0.0 0.0 0.0 0.0 0.0

Financial derivatives, liabilities 0.0 0.0 -181.0 -3,300.9 -538.5



Banks 0.0 0.0 -181.0 -3,300.9 -538.5

Other sectors 0.0 0.0 0.0 0.0 0.0

Other investment

Assets -15,798.2 -56,457.2 -202,060.4 -266,547.3 191,451.6

Trade Credits -10,481.3 -1,567.4 -5,828.9 36,828.2 -20,231.0

General government -3,700.0 -2,300.0 -750.0 0.0 0.0

Long-term -3,700.0 -2,300.0 -750.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0

Other sectors -6,781.3 732.6 -5,078.9 36,828.2 -20,231.0

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term -6,781.3 732.6 -5,078.9 36,828.2 -20,231.0

Loans -1,027.8 -28,537.6 -107,515.1 56,278.1 12,869.0

Monetary authorities -673.9 -1,906.4 -44,770.6 23,833.9 21,733.0

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term -673.9 -1,906.4 -44,770.6 23,833.9 21,733.0


Banks -753.9 3,958.8 -50,991.1 35,298.4 -14,680.1

Long-term 1,580.7 -251.9 -12,808.0 -2,028.5 3,714.8

2005 2006 2007 2008 2009

continued

Appendices


Short-term -2,334.6 4,210.7 -38,183.1 37,326.9 -18,394.9

Other sectors 400.0 -30,590.0 -11,753.4 -2,854.3 5,816.1

Long-term 0.0 0.0 -42,043.4 -2,324.6 7,774.0

Short-term 400.0 -30,590.0 30,290.0 -529.6 -1,957.9

Currency and deposits -3,713.9 -24,504.7 -88,904.6 -360,906.2 199,198.4

Monetary authorities -11.5 53.8 14.5 0.0 0.0

General government -1,194.7 9,862.3 4,018.6 -41,584.6 26,290.3

Banks -2,507.6 -35,282.4 -147,941.5 -322,181.2 145,040.5

Other sectors 0.0 861.6 55,003.7 2,859.6 27,867.5

Other assets -575.1 -1,847.5 188.2 1,252.7 -384.8

Monetary authorities -0.3 -0.2 0.9 -327.8 -456.6

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term -0.3 -0.2 0.9 -327.8 -456.6

General government -2,007.9 -88.1 1,776.3 21.2 43.9

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term -2,007.9 -88.1 1,776.3 21.2 43.9

Banks 14.8 -1,256.9 -1,588.9 1,568.1 27.9

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 14.8 -1,256.9 -1,588.9 1,568.1 27.9

Other sectors 1,418.3 -502.2 0.0 -8.8 0.0

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 1,418.3 -502.2 0.0 -8.8 0.0

Liabilities 193,268.9 237,555.8 800,238.7 1,104,908.5 732,043.4

Trade Credits 25,989.7 34,271.0 -53,120.4 94,220.6 17,375.1


Other sectors 25,989.7 34,271.0 -53,120.4 94,220.6 17,375.1

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 25,989.7 34,271.0 -53,120.4 94,220.6 17,375.1

Loans 101,247.8 246,650.4 787,150.9 1,044,542.5 421,924.5

Monetary authorities -12,848.0 -8,056.3 -53,438.4 219,532.1 212,706.0

Use of Fund Credit and loans -12,727.2 -7,890.8 3,136.3 221,565.6 212,531.3

Drawings 41,804.6 40,905.3 42,595.5 256,832.6 240,051.4

Repayments -54,531.7 -48,796.1 -39,459.1 -35,267.1 -27,520.0

Other long-term -141.1 -142.4 -56,567.0 -2,673.6 0.0

Drawings 380.2 409.1 0.0 0.0 0.0

Drawings on new loans authorities or other sectors on authorities' behalf 0.0 0.0 0.0 0.0 0.0

EF - Rescheduling of existing debt 380.2 409.1 0.0 0.0 0.0

Other 0.0 0.0 0.0 0.0 0.0

Repayments -521.2 -551.5 -56,567.0 -2,673.6 0.0

EF - Advance repayments -380.2 -409.1 0.0 0.0 0.0

Other -141.1 -142.4 -56,567.0 -2,673.6 0.0

Short-term 20.2 -23.2 -7.7 640.1 174.7

Drawings on new loans authorities or other sectors on authorities' behalf 0.0 0.0 0.0 0.0 0.0


EF - Advance repayments 0.0 0.0 0.0 0.0 0.0

Other 20.2 -23.2 -7.7 640.1 174.7

General government 48,770.1 -21,419.5 111,258.9 191,953.0 459,285.2

Use of Fund Credit and loans 0.0 0.0 0.0 0.0 100,058.5

Drawings 0.0 0.0 0.0 0.0 100,058.5

Repayments 0.0 0.0 0.0 0.0 0.0

Long-term 48,376.9 -21,890.2 111,018.8 191,339.9 358,704.5

2005 2006 2007 2008 2009

continued

Appendices


Drawings 122,314.4 149,280.0 155,987.1 226,953.5 428,102.7

EF - Drawings on new loans authorities or other sectors on authorities' behalf 76,317.6 109,260.0 99,465.7 224,279.8 428,102.7

EF - Rescheduling of existing debt 45,996.8 40,020.0 0.0 0.0 0.0

Other 0.0 0.0 56,521.4 2,673.6 0.0

Repayments -73,937.5 -171,170.2 -44,968.3 -35,613.5 -69,398.2

EF - Advance repayments 0.0 -47,269.1 0.0 0.0 0.0

Other -73,937.5 -123,901.1 -44,968.3 -35,613.5 -69,398.2

Short-term 393.2 470.7 240.1 613.1 522.2

Other 393.2 470.7 240.1 613.1 522.2

Banks 56,394.9 220,717.7 647,125.8 572,609.5 -410,885.0

Long-term 46,557.8 187,021.8 565,709.8 382,893.1 -159,822.3

Drawings 148,825.4 231,290.5 720,978.4 534,802.0 331,174.1

EF - Drawings on new loans authorities or other sectors on authorities' behalf 0.0 0.0 0.0 0.0 0.0

EF - Rescheduling of existing debt 178.8 181.2 8,000.0 0.0 2,500.0

Other 148,646.6 231,109.3 712,978.4 534,802.0 328,674.1

Repayments -102,267.6 -44,268.6 -155,268.5 -151,908.9 -490,996.4

EF - Advance repayments -406.8 -181.2 -12,858.4 -23,305.0 -174,357.0

Other -101,860.7 -44,087.4 -142,410.1 -128,603.9 -316,639.4

Short-term 9,837.0 33,695.9 81,415.9 189,716.4 -251,062.7



EF - Advance repayments 0.0 0.0 -1,000.0 0.0 0.0

Other 9,837.0 33,695.9 82,415.9 189,716.4 -251,062.7

Other sectors 8,930.8 55,408.5 82,204.6 60,447.9 160,818.3

Long-term 8,166.1 47,484.9 97,500.7 54,754.1 145,660.6

Drawings 27,249.3 66,954.2 138,990.7 224,103.8 249,805.5


EF - Rescheduling of existing debt 0.0 0.0 1,038.5 0.0 215.4

Other 27,249.3 66,954.2 137,952.2 224,103.8 249,590.1

Repayments -19,083.2 -19,469.3 -41,490.0 -169,349.7 -104,144.9

EF - Advance repayments 0.0 0.0 0.0 -6,127.4 -6,708.1

Other -19,083.2 -19,469.3 -41,490.0 -163,222.3 -97,436.7

Short-term 764.7 7,923.6 -15,296.1 5,693.8 15,157.7


EF - Rescheduling of existing debt 0.0 0.0 0.0 0.0 8,600.0

EF - Advance repayments 0.0 0.0 0.0 -10.4 -5,319.1

Other 764.7 7,923.6 -15,296.1 5,704.1 11,876.8

Currency and deposits 94,677.1 17,798.2 92,118.6 -23,861.0 41,426.2



Banks 94,677.1 17,798.2 92,118.6 -23,861.0 41,426.2

Other sectors 0.0 0.0 0.0 0.0 0.0

Other liabilities -28,645.6 -61,163.7 -25,910.4 -9,993.5 251,317.6

Monetary authorities 0.0 0.0 0.0 0.0 225,565.1

Long-term 0.0 0.0 0.0 0.0 225,565.1

of which Allocations of SDRs 0.0 0.0 0.0 0.0 225,565.1

Short-term 0.0 0.0 0.0 0.0 0.0


Long-term 0.0 0.0 0.0 0.0 0.0

of which Allocations of SDRs 0.0 0.0 0.0 0.0 0.0

2005 2006 2007 2008 2009

continued

Appendices


Short-term -35,970.9 -86,600.9 -34,884.8 -4,329.1 -3,377.3

EF - Total arrears -35,970.9 -86,600.9 -34,884.8 -4,329.1 -3,377.3

EF - Accumulation of arrears 26,435.0 5,358.7 1,544.1 113.5 22.7

EF - Principal on short-term debt 0.0 0.0 0.0 0.0 0.0

EF - Principal on long-term debt 14,295.1 372.8 0.0 0.0 0.0

EF - Original interest 3,481.2 955.9 0.0 0.0 0.0

EF - Penalty interest 8,658.6 4,030.0 1,544.1 113.5 22.7

EF - Repayment of arrears -62,405.9 -71,173.2 -36,428.9 -4,442.7 -3,400.0

EF - Principal -56,992.6 -64,723.4 -36,428.9 -4,442.7 0.0

EF - Interest -5,413.2 -6,449.9 0.0 0.0 -3,400.0

EF - Rescheduling of arrears 0.0 0.0 0.0 0.0 0.0

EF - Principal 0.0 0.0 0.0 0.0 0.0

EF - Interest 0.0 0.0 0.0 0.0 0.0

EF - Cancellation of arrears 0.0 -20,786.4 0.0 0.0 0.0

EF - Principal 0.0 -15,186.9 0.0 0.0 0.0

EF - Interest 0.0 -5,599.5 0.0 0.0 0.0

Other 0.0 0.0 0.0 0.0 0.0

Banks 11,990.3 7,884.6 2,565.1 -660.7 -1,724.3

Long-term 12,787.2 7,741.1 0.0 0.0 0.0

Short-term -797.0 143.6 2,565.1 -660.7 -1,724.3

EF - Total arrears -797.0 -253.5 0.0 0.0 0.0

EF - Accumulation of arrears 638.8 806.5 0.0 0.0 0.0

EF - Principal on short-term debt 0.0 0.0 0.0 0.0 0.0

EF - Principal on long-term debt 0.0 0.0 0.0 0.0 0.0

EF - Original interest 638.8 806.5 0.0 0.0 0.0

EF - Penalty interest 0.0 0.0 0.0 0.0 0.0

EF - Repayment of arrears -1,435.8 -1,060.0 0.0 0.0 0.0

EF - Principal -80.2 0.0 0.0 0.0 0.0

EF - Interest -1,355.6 -1,060.0 0.0 0.0 0.0


EF - Cancellation of arrears 0.0 0.0 0.0 0.0 0.0

Other 0.0 397.1 2,565.1 -660.7 -1,724.3

Other sectors -4,664.9 17,552.6 6,409.3 -5,003.7 30,854.1

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term -4,664.9 17,552.6 6,409.3 -5,003.7 30,854.1

EF - Total arrears -4,664.9 17,507.0 6,409.3 -5,003.7 30,854.1

EF - Accumulation of arrears 1,024.1 17,507.0 13,658.4 4,968.7 32,951.2

EF - Principal on short-term debt 0.0 0.0 0.0 129.4 1,769.5

EF - Principal on long-term debt 767.5 10,655.0 10,976.9 1,438.3 15,867.2

EF - Original interest 256.5 6,852.0 2,681.5 3,401.0 15,027.6


EF - Repayment of arrears -5,689.0 0.0 -7,249.1 -2,478.2 -1,929.9

EF - Principal -2,641.7 0.0 -5,522.8 -15.0 -898.8

EF - Interest -3,047.3 0.0 -1,726.3 -2,463.2 -1,031.1


EF - Cancellation of arrears 0.0 0.0 0.0 -7,494.1 -167.1

EF - Principal 0.0 0.0 0.0 -5.1 0.0

EF - Interest 0.0 0.0 0.0 -7,489.0 -167.1

Other 0.0 45.6 0.0 0.0 0.0

Reserve Assets -110,570.1 -438,637.1 -377,027.1 -130,705.1 -616,422.3

Monetary gold 0.0 0.0 0.0 0.0 0.0

Special drawing rights 9,507.5 187.3 -13,618.3 2,251.4 -206,156.4

Reserve position in the Fund 0.0 0.0 0.0 0.0 0.0

2005 2006 2007 2008 2009

continued

Appendices


Foreign exchange -120,077.6 -438,824.4 -363,408.9 -132,956.6 -410,265.9

Currency and deposits -48,869.6 -367,819.5 -93,896.9 -120,316.0 -203,028.4

With monetary authorities -32,089.6 -119,994.9 150,338.0 -158,606.0 113,386.1

With banks -16,780.0 -247,824.6 -244,234.9 38,290.0 -316,414.5

Securities -71,208.1 -71,004.9 -269,512.0 -12,640.6 -207,237.5

Equities 0.0 0.0 0.0 0.0 0.0

Bonds and notes 0.0 0.0 0.0 0.0 0.0

Money market instruments -71,208.1 -71,004.9 -269,512.0 -12,640.6 -207,237.5

Financial derivatives ,net 0.0 0.0 0.0 0.0 0.0

Other claims 0.0 0.0 0.0 0.0 0.0

Net errors and omissions 25,953.8 -64,596.0 -35,069.1 -36,103.1 54,790.1

Total exceptional fi nancing 142,513.8 116,211.2 179,073.5 1,015,499.3 388,965.8

2005 2006 2007 2008 2009

ending

Appendices


Appendix 2. Balance of Payments of Georgia, 2005-2009

(analytical presentation)(Thous. of USD)

2005 2006 2007 2008 2009

A. Current Account -771,152.7 -1,256,617.9 -2,122,866.6 -3,234,445.9 -1,324,920.5

Goods: exports f.o.b 1,472,437.3 1,666,525.9 2,088,284.8 2,427,979.4 1,893,602.4

Goods: imports f.o.b -2,686,340.7 -3,685,880.2 -4,984,110.0 -6,261,204.8 -4,292,595.3

Balance on Goods -1,213,903.4 -2,019,354.3 -2,895,825.2 -3,833,225.4 -2,398,993.0

Services: credit 715,043.4 885,033.9 1,094,070.2 1,260,426.4 1,307,975.8

Services: debit -631,452.4 -727,248.1 -932,920.0 -1,239,424.4 -974,667.7

Balance on Goods and Services -1,130,312.4 -1,861,568.4 -2,734,675.0 -3,812,223.4 -2,065,684.9

Income: credit 263,325.2 341,206.8 481,606.7 494,181.3 422,686.9

Income: debit -201,252.4 -178,832.3 -445,350.7 -654,587.9 -540,305.2

Balance on Goods, Services, and Income -1,068,239.6 -1,699,194.0 -2,698,419.0 -3,972,630.0 -2,183,303.2

Current transfers: credit 351,484.3 505,589.4 655,554.5 819,849.3 929,402.0

Current transfers: debit -54,397.4 -63,013.4 -80,002.1 -81,665.2 -71,019.3

B. Capital Account¹ 58,644.3 168,975.9 127,943.9 112,272.2 182,504.2

Capital account: credit 61,571.4 170,014.4 128,249.0 112,410.9 182,614.6

Capital account: debit -2,927.1 -1,038.6 -305.1 -138.7 -110.5

Total, Groups A Plus B -712,508.4 -1,087,642.1 -1,994,922.7 -3,122,173.6 -1,142,416.3

C. Financial Account 667,338.2 1,482,554.8 2,224,809.0 2,051,917.0 776,927.8

Direct investment abroad 89,477.3 15,831.4 -76,344.0 -69,962.0 1,062.9

Direct investment in Georgia 452,752.3 1,170,077.4 1,750,242.6 1,564,030.3 658,400.6

Portfolio investment assets 13,064.1 -2,188.5 -12,662.6 675.6 -1,130.9

Equity securities 0.0 -2,188.5 -5,084.1 2.5 -1,130.9

Debt securities 13,064.1 0.0 -7,578.4 673.1 0.0

Portfolio investment liabilities 2,500.0 142,508.6 33,634.5 118,102.8 13,198.4


Debt securities 0.0 0.0 0.0 0.0 0.0

Financial derivatives assets 0.0 0.0 1,247.8 11,079.7 1,105.8

Financial derivatives liabilities 0.0 0.0 -181.0 -3,300.9 -538.5

Other investment assets -15,798.2 -56,457.2 -202,060.4 -266,547.3 191,451.6

Monetary authorities -685.7 -1,852.9 -44,755.2 23,506.1 21,276.3

General government -6,902.6 7,474.2 5,044.9 -41,563.4 26,334.2

Banks -3,246.8 -32,580.5 -200,521.5 -285,314.7 130,388.4

Other sectors -4,963.1 -29,498.0 38,171.4 36,824.7 13,452.7

Other investment liabilities 125,342.6 212,783.1 730,932.1 697,838.7 -86,622.1

Monetary authorities -120.8 -165.6 -56,574.7 -2,033.5 174.7

General government -73,544.3 -123,430.4 11,793.2 -32,326.8 -68,876.0

Banks 164,087.2 246,654.0 747,667.9 571,392.7 -199,326.1

Other sectors 34,920.5 89,725.1 28,045.8 160,806.3 181,405.3

Total, Groups A Through C -45,170.2 394,912.7 229,886.3 -1,070,256.6 -365,488.5

D. Net Errors and Omissions 25,953.8 -64,596.0 -35,069.1 -36,103.1 54,790.1

Total, Groups A Through D -19,216.5 330,316.7 194,817.3 -1,106,359.7 -310,698.4

E. Reserves and Related Items 19,216.5 -330,316.7 -194,817.3 1,106,359.7 310,698.4

Reserve assets -110,570.1 -438,637.1 -377,027.1 -130,705.1 -616,422.3

Use of Fund credit and loans -12,727.2 -7,890.8 3,136.3 221,565.6 312,589.8

Allocations of SDRs 0.0 0.0 0.0 0.0 225,565.1

Exceptional fi nancing 142,513.8 116,211.2 179,073.5 1,015,499.3 388,965.8

Appendices


I Q II Q III Q IV Q Total

Current Account -401,161.6 -284,113.0 -192,655.1 -338,535.6 -1,216,465.4

Goods -604,588.2 -512,348.0 -572,586.1 -709,470.6 -2,398,993.0

Credit 362,486.2 488,639.7 516,132.7 526,343.7 1,893,602.4

Debit -967,074.5 -1,000,987.8 -1,088,718.8 -1,235,814.3 -4,292,595.3

General merchandise -637,873.8 -550,118.5 -618,382.9 -755,908.5 -2,562,283.7

Credit 321,024.2 442,892.1 460,031.2 469,290.1 1,693,237.6

Debit -958,898.0 -993,010.6 -1,078,414.1 -1,225,198.5 -4,255,521.2

Goods for processing 6,400.6 6,199.7 3,770.8 400.0 16,771.1

Credit 11,522.4 10,211.0 8,466.3 5,715.0 35,914.8

Debit -5,121.8 -4,011.4 -4,695.6 -5,315.0 -19,143.7

Processing abroad 120.5 -598.0 348.3 238.3 109.2

Credit 121.4 0.0 348.3 274.5 744.2

Debit -0.9 -598.0 0.0 -36.2 -635.0

Processing in the compiling economy 6,280.1 6,797.7 3,422.5 161.7 16,661.9

Credit 11,401.0 10,211.0 8,118.0 5,440.5 35,170.6

Debit -5,120.9 -3,413.4 -4,695.6 -5,278.8 -18,508.7

Repairs on goods -190.6 -421.5 -964.4 1,931.8 355.3

Credit 151.3 516.8 210.8 3,034.0 3,912.9

Debit -341.9 -938.3 -1,175.2 -1,102.2 -3,557.6


Credit 5,227.5 7,122.6 14,770.7 17,227.0 44,347.8

Debit -2,712.9 -3,027.4 -4,434.0 -4,180.8 -14,355.1

In seaports 740.1 740.9 880.6 888.7 3,250.3

Credit 776.2 795.2 963.6 931.3 3,466.3

Debit -36.2 -54.3 -83.0 -42.6 -216.0

In airports 1,774.6 3,354.3 9,456.1 12,157.4 26,742.4

Credit 4,451.3 6,327.5 13,807.1 16,295.7 40,881.5

Debit -2,676.7 -2,973.2 -4,351.0 -4,138.3 -14,139.1


Credit 24,560.9 27,897.1 32,653.7 31,077.7 116,189.3

Debit 0.0 0.0 0.0 -17.7 -17.7

Held as a store of value 0.0 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Other 24,560.9 27,897.1 32,653.7 31,059.9 116,171.6

Credit 24,560.9 27,897.1 32,653.7 31,077.7 116,189.3

Debit 0.0 0.0 0.0 -17.7 -17.7

Services 38,337.6 78,266.0 128,570.4 88,134.1 333,308.1

Credit 264,899.2 313,305.2 378,771.9 350,999.5 1,307,975.8

Debit -226,561.5 -235,039.2 -250,201.5 -262,865.4 -974,667.7

Transportation 35,817.5 28,114.7 29,363.7 37,721.4 131,017.3

Credit 140,870.4 148,211.3 164,019.1 168,773.9 621,874.7

Debit -105,052.9 -120,096.6 -134,655.4 -131,052.5 -490,857.4

Passenger -19,565.0 -21,038.0 -17,837.0 -10,395.3 -68,835.3

Credit 9,318.3 13,622.7 21,120.4 17,363.0 61,424.4

Debit -28,883.2 -34,660.8 -38,957.4 -27,758.3 -130,259.7

Freight 38,067.7 25,448.3 17,273.9 19,809.0 100,598.9

Credit 110,053.1 105,127.7 105,928.4 116,359.3 437,468.5

Debit -71,985.4 -79,679.3 -88,654.5 -96,550.3 -336,869.6

Appendix 3. Balance of Payments of Georgia, quarters of 2009

(standard presentation)(Thous. of USD)

Appendices



Other 17,314.7 23,704.4 29,926.8 28,307.8 99,253.7

Credit 21,499.0 29,460.9 36,970.3 35,051.6 122,981.9

Debit -4,184.3 -5,756.5 -7,043.5 -6,743.9 -23,728.1

Sea transport -9,712.7 -9,503.8 -12,660.3 -13,594.9 -45,471.8

Credit 13,212 19,819 26,844 24,051 83,925.3

Debit -22,924.4 -29,322.5 -39,504.1 -37,646.0 -129,397.0

Passenger 90.9 94.6 266.3 226.5 678.2

Credit 180.2 225.8 497.4 444.8 1,348.1

Debit -89.3 -131.2 -231.1 -218.3 -669.9

Freight -21,426.5 -26,824.5 -35,596.7 -35,569.6 -119,417.2

Credit 989.5 1,451.1 2,254.6 1,140.4 5,835.5

Debit -22,415.9 -28,275.6 -37,851.3 -36,710.0 -125,252.8

Other 11,622.8 17,226.1 22,670.1 21,748.3 73,267.2

Credit 12,042.0 18,141.8 24,091.8 22,466.0 76,741.6

Debit -419.2 -915.7 -1,421.7 -717.7 -3,474.4

Air transport -11,990.7 -12,508.0 -12,936.7 -9,755.1 -47,190.4

Credit 14,442.8 19,235.5 25,322.9 22,485.2 81,486.3

Debit -26,433.5 -31,743.4 -38,259.5 -32,240.2 -128,676.7

Passenger -9,669.6 -9,135.2 -11,465.8 -6,197.1 -36,467.6

Credit 6,825.6 10,386.0 15,297.4 12,746.9 45,255.9

Debit -16,495.3 -19,521.1 -26,763.2 -18,944.0 -81,723.6

Freight -7,726.9 -9,241.8 -7,992.5 -9,513.6 -34,474.8

Credit 213.3 255.1 290.0 325.5 1,083.8

Debit -7,940.2 -9,496.9 -8,282.5 -9,839.1 -35,558.7

Other 5,405.8 5,869.0 6,521.7 5,955.5 23,752.1

Credit 7,403.9 8,594.4 9,735.5 9,412.7 35,146.5

Debit -1,998.0 -2,725.4 -3,213.8 -3,457.2 -11,394.4

Other transport 57,520.8 50,126.5 54,960.7 61,071.4 223,679.4

Credit 113,215.9 109,157.2 111,852.5 122,237.7 456,463.2

Debit -55,695.0 -59,030.7 -56,891.8 -61,166.3 -232,783.8

Passenger -9,986.3 -11,997.5 -6,637.5 -4,424.7 -33,045.9

Credit 2,312.4 3,011.0 5,325.7 4,171.3 14,820.3

Debit -12,298.7 -15,008.4 -11,963.1 -8,596.0 -47,866.3

Freight 67,221.0 61,514.7 60,863.1 64,892.2 254,491.0

Credit 108,850.3 103,421.5 103,383.8 114,893.5 430,549.2

Debit -41,629.3 -41,906.9 -42,520.7 -50,001.3 -176,058.2

Other 286.1 609.3 735.1 604.0 2,234.4

Credit 2,053.1 2,724.7 3,143.0 3,172.9 11,093.7

Debit -1,767.1 -2,115.4 -2,407.9 -2,569.0 -8,859.3

Extended classifi cation of Other transport

Rail transport 14,115.4 15,063.3 18,473.9 18,829.6 66,482.2

Credit 22,073.4 24,697.2 28,357.2 30,132.3 105,260.2

Debit -7,958.0 -9,633.9 -9,883.3 -11,302.7 -38,777.9

Passenger -138.7 -187.0 111.3 -165.3 -379.7

Credit 35.4 39.1 355.1 57.9 487.5

Debit -174.1 -226.1 -243.9 -223.2 -867.3

Freight 14,331.9 15,344.4 18,459.0 19,105.7 67,241.1

Credit 22,038.0 24,658.1 28,002.1 30,074.4 104,772.6

Debit -7,706.1 -9,313.7 -9,543.1 -10,968.7 -37,531.6

Other -77.8 -94.1 -96.4 -110.8 -379.1

Credit 0.0 0.0 0.0 0.0 0.0

Debit -77.8 -94.1 -96.4 -110.8 -379.1

Road transport -36,146.2 -34,580.0 -29,049.4 -32,097.1 -131,872.7

continued

Appendices


Credit 11,590.8 14,816.8 17,959.0 17,766.4 62,133.1

Debit -47,737.0 -49,396.8 -47,008.4 -49,863.5 -194,005.8

Passengers -9,847.6 -11,810.5 -6,748.7 -4,259.4 -32,666.2

Credit 2,277.0 2,971.9 4,970.6 4,113.3 14,332.8

Debit -12,124.6 -14,782.3 -11,719.3 -8,372.8 -46,999.0

Freight -26,662.5 -23,472.9 -23,132.1 -28,552.4 -101,820.0

Credit 7,260.7 9,120.2 9,845.5 10,480.2 36,706.6

Debit -33,923.2 -32,593.2 -32,977.6 -39,032.6 -138,526.6

Other 363.9 703.4 831.5 714.8 2,613.5

Credit 2,053.1 2,724.7 3,143.0 3,172.9 11,093.7

Debit -1,689.2 -2,021.3 -2,311.5 -2,458.2 -8,480.2

Pipeline 79,551.6 69,643.1 65,536.2 74,338.9 289,069.9

Credit 79,551.6 69,643.1 65,536.2 74,338.9 289,069.9

Debit 0.0 0.0 0.0 0.0 0.0

Travel 38,265.5 63,767.1 105,196.6 81,576.8 288,806.0

Credit 77,676.3 114,353.3 154,785.9 123,467.8 470,283.4

Debit -39,410.8 -50,586.3 -49,589.3 -41,891.0 -181,477.4

Business 18,922.4 27,982.2 38,505.5 46,618.8 132,028.9

Credit 46,454.6 63,917.1 74,210.7 76,357.7 260,940.1

Debit -27,532.1 -35,935.0 -35,705.2 -29,738.9 -128,911.1

Expenditure by seasonal and border workers -2,777.7 -3,664.2 -3,491.3 -3,044.7 -12,977.9

Credit 169.7 206.9 229.5 198.9 805.0

Debit -2,947.4 -3,871.1 -3,720.8 -3,243.6 -13,782.9

Other 21,700.1 31,646.4 41,996.8 49,663.6 145,006.9

Credit 46,284.9 63,710.3 73,981.2 76,158.8 260,135.1

Debit -24,584.8 -32,063.8 -31,984.4 -26,495.2 -115,128.2

Personal 19,343.1 35,784.9 66,691.1 34,957.9 156,777.0

Credit 31,221.8 50,436.2 80,575.2 47,110.1 209,343.3

Debit -11,878.7 -14,651.3 -13,884.1 -12,152.2 -52,566.3

Health-related expenditure 61.8 32.1 -206.9 -348.9 -461.9

Credit 61.9 86.5 130.4 109.0 387.8

Debit -0.1 -54.4 -337.3 -458.0 -849.7

Education-related expenditure -5,593.4 -6,570.9 -6,533.6 -6,496.1 -25,194.0

Credit 730.4 756.3 857.9 864.3 3,208.9

Debit -6,323.7 -7,327.2 -7,391.5 -7,360.4 -28,402.9

Other 24,874.7 42,323.7 73,431.6 41,803.0 182,433.0

Credit 30,429.5 49,593.4 79,586.9 46,136.8 205,746.6

Debit -5,554.8 -7,269.7 -6,155.3 -4,333.8 -23,313.6

Communication services -199.7 4,162.4 5,492.3 5,049.1 14,504.2

Credit 5,150.9 6,564.5 8,532.9 7,967.1 28,215.5

Debit -5,350.6 -2,402.1 -3,040.6 -2,918.0 -13,711.3

Postal and courier services 320.7 355.9 625.5 484.0 1,786.1

Credit 539.8 521.2 775.6 686.0 2,522.5

Debit -219.1 -165.3 -150.0 -202.0 -736.4

Telecommunication services -520.4 3,806.5 4,866.8 4,565.1 12,718.1

Credit 4,611.1 6,043.3 7,757.4 7,281.1 25,693.0

Debit -5,131.5 -2,236.8 -2,890.6 -2,716.0 -12,974.9

Construction services -2,115.3 47.3 1,085.5 -13,580.4 -14,562.9

Credit 780.6 1,083.8 2,332.4 2,147.0 6,343.8

Debit -2,895.8 -1,036.5 -1,246.9 -15,727.4 -20,906.7

Construction abroad 780.6 1,083.8 2,332.4 -12,426.7 -8,229.9

Credit 780.6 1,083.8 2,332.4 2,147.0 6,343.8

Debit 0.0 0.0 0.0 -14,573.7 -14,573.7


continued

Appendices


Construction in the compiling -2,895.8 -1,036.5 -1,246.9 -1,153.7 -6,333.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit -2,895.8 -1,036.5 -1,246.9 -1,153.7 -6,333.0

Insurance services -23,715.9 -21,372.6 -23,223.8 -25,068.8 -93,381.0

Credit 3,432.1 3,502.7 4,083.5 4,362.4 15,380.7

Debit -27,148.1 -24,875.2 -27,307.3 -29,431.1 -108,761.7

Life insurance & pension funding 0.0 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Freight insurance -15,812.0 -17,477.5 -19,387.5 -21,157.8 -73,834.9

Credit 2,203.8 2,465.8 2,800.2 3,007.4 10,477.3

Debit -18,015.8 -19,943.4 -22,187.7 -24,165.3 -84,312.2

Other direct insurance -1,310.6 -490.5 -135.0 -393.5 -2,329.6

Credit 495.7 658.6 872.1 964.1 2,990.5

Debit -1,806.3 -1,149.1 -1,007.1 -1,357.6 -5,320.1

Reinsurance -7,325.9 -3,782.8 -4,112.5 -3,908.3 -19,129.5

Credit 0.0 0.0 0.0 0.0 0.0

Debit -7,325.9 -3,782.8 -4,112.5 -3,908.3 -19,129.5

Auxiliary services 732.6 378.3 411.2 390.8 1,912.9

Credit 732.6 378.3 411.2 390.8 1,912.9

Debit 0.0 0.0 0.0 0.0 0.0

Financial services (other than insurance) -3,130.9 -1,209.1 -163.4 558.3 -3,945.1

Credit 2,550.1 2,692.9 3,846.6 4,171.1 13,260.7

Debit -5,681.0 -3,902.0 -4,010.0 -3,612.8 -17,205.9

Computer and information services -2,133.5 26.8 378.1 186.8 -1,541.8

Credit 1,330.9 1,351.0 1,616.3 1,761.7 6,060.0

Debit -3,464.4 -1,324.2 -1,238.2 -1,574.9 -7,601.8

Computer services -1,836.4 -172.6 -10.7 -470.4 -2,490.2

Credit 484.2 441.4 578.4 479.2 1,983.2

Debit -2,320.7 -614.0 -589.1 -949.6 -4,473.3

Information services -297.1 199.4 388.8 657.2 948.3

Credit 846.7 909.6 1,038.0 1,282.5 4,076.8

Debit -1,143.8 -710.2 -649.1 -625.4 -3,128.5

Royalties and license fees -1,298.8 -262.9 333.2 133.6 -1,094.8

Credit 1,302.3 1,519.0 1,858.2 2,784.9 7,464.3

Debit -2,601.1 -1,781.9 -1,524.9 -2,651.3 -8,559.2

Other business services -7,301.4 -2,930.5 1,004.6 -5,165.2 -14,392.4

Credit 5,759.1 7,606.1 12,215.8 10,874.0 36,455.0

Debit -13,060.5 -10,536.5 -11,211.1 -16,039.2 -50,847.3

Merchanting and other trade-related services -511.4 -125.1 -118.0 -273.6 -1,028.0

Credit 423.3 333.6 364.0 291.3 1,412.2

Debit -934.7 -458.7 -482.0 -564.9 -2,440.3

Operational leasing services -2,086.7 -667.5 1,756.4 -893.6 -1,891.3

Credit 2,721.4 3,080.4 5,987.1 5,851.6 17,640.6

Debit -4,808.1 -3,747.9 -4,230.7 -6,745.2 -19,531.9

Misc. business, professional and technical services -4,703.3 -2,137.9 -633.8 -3,998.1 -11,473.0

Credit 2,614.4 4,192.1 5,864.7 4,731.0 17,402.1

Debit -7,317.7 -6,329.9 -6,498.5 -8,729.1 -28,875.1

Personal, cultural and recreational services -355.7 1,516.7 2,198.2 166.6 3,525.8

Credit 2,627.5 3,876.5 4,226.8 3,336.0 14,066.8

Debit -2,983.3 -2,359.8 -2,028.7 -3,169.3 -10,541.0

Audio-visual & related services -279.4 90.2 378.8 -241.2 -51.6

Credit 686.5 769.2 897.7 616.7 2,970.0


continued

Appendices


Debit -965.8 -679.0 -518.9 -857.9 -3,021.6

Other personal, cultural and recreational services -76.4 1,426.5 1,819.4 407.9 3,577.4

Credit 1,941.1 3,107.3 3,329.2 2,719.3 11,096.8

Debit -2,017.4 -1,680.8 -1,509.8 -2,311.4 -7,519.4

Government services, n.i.e. 4,505.9 6,406.1 6,905.2 6,555.8 24,373.0

Credit 23,419.0 22,544.1 21,254.3 21,353.6 88,570.9

Debit -18,913.1 -16,137.9 -14,349.0 -14,797.9 -64,197.9

Embassies and consulates -2,783.3 -2,032.7 -1,558.1 -3,628.2 -10,002.3

Credit 6,539.8 7,428.1 9,042.8 8,056.4 31,067.1

Debit -9,323.1 -9,460.8 -10,600.9 -11,684.7 -41,069.4

Military units and agencies 1,705.9 1,726.7 1,337.8 2,037.5 6,807.9

Credit 8,233.4 6,001.7 3,457.8 3,315.0 21,007.9

Debit -6,527.5 -4,275.0 -2,120.0 -1,277.5 -14,200.0

Other 5,583.3 6,712.2 7,125.5 8,146.5 27,567.4

Credit 8,645.7 9,114.3 8,753.7 9,982.2 36,495.9

Debit -3,062.5 -2,402.2 -1,628.2 -1,835.7 -8,928.5

Income -15,732.5 -37,095.8 -9,785.0 -55,005.1 -117,618.4

Credit 93,586.8 107,106.6 118,813.1 103,180.3 422,686.9

Debit -109,319.3 -144,202.4 -128,598.1 -158,185.4 -540,305.2

Compensation of employees including border, seasonal 77,871.9 91,279.6 103,527.5 88,818.4 361,497.3

Credit 84,981.8 99,535.6 111,348.3 95,683.1 391,548.7

Debit -7,109.9 -8,256.0 -7,820.8 -6,864.7 -30,051.4

Investment income -93,604.4 -128,375.4 -113,312.5 -143,823.5 -479,115.7

Credit 8,605.0 7,571.0 7,464.8 7,497.3 31,138.2

Debit -102,209.4 -135,946.4 -120,777.3 -151,320.7 -510,253.9

Direct investment -41,399.5 -75,369.8 -58,958.8 -86,772.6 -262,500.7

Credit -259.1 -58.7 6.4 649.3 337.9

Debit -41,140.3 -75,311.1 -58,965.3 -87,421.8 -262,838.6

Income on equity -20,930.2 -56,134.5 -41,269.6 -65,615.7 -183,950.0

Credit -579.6 -383.5 -321.6 311.5 -973.2

Debit -20,350.6 -55,751.0 -40,948.0 -65,927.2 -182,976.8

Dividends and distributed branch profi ts -79,858.4 -94,065.6 -30,067.3 -29,259.1 -233,250.4

Credit 0.0 0.0 0.0 500.0 500.0

Debit -79,858.4 -94,065.6 -30,067.3 -29,759.1 -233,750.4

Reinvested earnings and undistributed branch profi ts 58,928.2 37,931.1 -11,202.3 -36,356.6 49,300.4

Credit -579.6 -383.5 -321.6 -188.5 -1,473.2

Debit 59,507.8 38,314.6 -10,880.7 -36,168.1 50,773.6


Credit 320.5 324.8 328.1 337.8 1,311.1

Debit -20,789.7 -19,560.1 -18,017.3 -21,494.7 -79,861.8

Portfolio investment -6,865.7 -7,287.0 -7,979.8 -8,519.4 -30,651.9

Credit 4,965.6 4,461.4 3,977.2 3,287.2 16,691.4

Debit -11,831.2 -11,748.4 -11,957.0 -11,806.6 -47,343.3

Income on equity (dividends) -2,456.2 -2,373.4 -2,582.0 -2,431.6 -9,843.3

Credit 0.0 0.0 0.0 0.0 0.0

Debit -2,456.2 -2,373.4 -2,582.0 -2,431.6 -9,843.3



Banks -122.4 -1.4 -447.1 0.0 -570.9

Credit 0.0 0.0 0.0 0.0 0.0

Debit -122.4 -1.4 -447.1 0.0 -570.9

Other sectors -2,333.9 -2,372.0 -2,134.9 -2,431.6 -9,272.4


continued

Appendices


Credit 0.0 0.0 0.0 0.0 0.0

Debit -2,333.9 -2,372.0 -2,134.9 -2,431.6 -9,272.4


Credit 4,965.6 4,461.4 3,977.2 3,287.2 16,691.4

Debit -9,375.0 -9,375.0 -9,375.0 -9,375.0 -37,500.0

Bonds and notes -9,375.0 -9,375.0 -9,375.0 -9,375.0 -37,500.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit -9,375.0 -9,375.0 -9,375.0 -9,375.0 -37,500.0


Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0


Credit 0.0 0.0 0.0 0.0 0.0

Debit -9,375.0 -9,375.0 -9,375.0 -9,375.0 -37,500.0

Banks 0.0 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0


Credit 4,965.6 4,461.4 3,977.2 3,287.2 16,691.4

Debit 0.0 0.0 0.0 0.0 0.0


Credit 4,965.6 4,461.4 3,977.2 3,287.2 16,691.4

Debit 0.0 0.0 0.0 0.0 0.0


Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Other investment -45,339.2 -45,718.5 -46,373.9 -48,531.5 -185,963.1

Credit 3,898.6 3,168.3 3,481.1 3,560.9 14,108.9

Debit -49,237.8 -48,886.9 -49,855.0 -52,092.3 -200,072.0

Monetary authorities -483.9 -815.3 -1,164.4 -1,095.2 -3,558.7

Credit 961.6 838.6 760.8 930.4 3,491.3

Debit -1,445.5 -1,653.8 -1,925.2 -2,025.6 -7,050.1


Credit 96.1 0.0 0.0 0.0 96.1

Debit -6,174.3 -5,817.7 -6,072.7 -6,424.3 -24,489.0

Banks -28,692.9 -27,239.4 -25,365.7 -27,223.8 -108,521.8

Credit 2,088.5 1,387.4 1,569.7 1,403.4 6,449.1

Debit -30,781.4 -28,626.8 -26,935.4 -28,627.2 -114,970.9

Other sectors -10,084.3 -11,846.1 -13,771.1 -13,788.2 -49,489.7

Credit 752.4 942.3 1,150.7 1,227.0 4,072.4

Debit -10,836.7 -12,788.5 -14,921.8 -15,015.2 -53,562.1

Current transfers 180,821.4 187,064.8 261,145.6 337,806.0 966,837.9

Credit 198,979.7 204,421.0 280,040.4 354,416.0 1,037,857.1

Debit -18,158.3 -17,356.2 -18,894.8 -16,610.0 -71,019.3


Credit 30,649.5 26,449.9 47,788.0 94,691.3 199,578.8

EF - Intergovernmental grants 11,922.6 4,721.9 25,419.3 66,391.3 108,455.1

EF - Grants from the IMF 0.0 0.0 0.0 0.0 0.0

Other 18,726.8 21,728.0 22,368.8 28,300.0 91,123.6

Debit -13,939.9 -15,022.1 -16,310.6 -14,012.4 -59,285.0

Other sectors 164,111.8 175,637.0 229,668.2 257,127.1 826,544.1

Credit 168,330.2 177,971.1 232,252.4 259,724.7 838,278.4


continued

Appendices


Debit -4,218.4 -2,334.1 -2,584.2 -2,597.6 -11,734.3

Workers' remittances 50,642.8 57,136.1 103,240.5 104,823.3 315,842.7

Credit 51,282.5 57,487.5 103,523.5 105,071.0 317,364.4

Debit -639.7 -351.4 -283.0 -247.7 -1,521.7

Other transfers 113,469.0 118,500.9 126,427.7 152,303.9 510,701.4

Credit 117,047.8 120,483.6 128,728.9 154,653.7 520,914.0

Debit -3,578.8 -1,982.7 -2,301.2 -2,349.8 -10,212.5

Capital and fi nancial account 408,723.3 294,155.8 161,211.8 297,584.4 1,161,675.2

Capital account 31,838.8 35,500.4 43,965.4 71,199.6 182,504.2

Credit 31,859.0 35,527.4 43,999.3 71,228.9 182,614.6

Debit -20.2 -27.1 -34.0 -29.3 -110.5

Capital transfers 31,838.8 35,500.4 43,965.4 71,199.6 182,504.2

Credit 31,859.0 35,527.4 43,999.3 71,228.9 182,614.6

Debit -20.2 -27.1 -34.0 -29.3 -110.5


Credit 30,147.7 32,846.5 40,009.4 66,956.6 169,960.2

Debit 0.0 0.0 0.0 0.0 0.0

Debt forgiveness 0.0 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Other 30,147.7 32,846.5 40,009.4 66,956.6 169,960.2

Credit 30,147.7 32,846.5 40,009.4 66,956.6 169,960.2

Debit 0.0 0.0 0.0 0.0 0.0

Other sectors 1,691.2 2,653.8 3,956.0 4,243.0 12,544.0

Credit 1,711.3 2,680.9 3,990.0 4,272.2 12,654.4

Debit -20.2 -27.1 -34.0 -29.3 -110.5

Migrants' transfers 896.8 1,221.8 1,405.9 1,787.3 5,311.8

Credit 916.9 1,248.9 1,439.8 1,816.6 5,422.3

Debit -20.2 -27.1 -34.0 -29.3 -110.5

Debt forgiveness 167.1 0.0 0.0 0.0 167.1

Credit 167.1 0.0 0.0 0.0 167.1

Debit 0.0 0.0 0.0 0.0 0.0

Other 627.3 1,432.0 2,550.1 2,455.6 7,065.1

Credit 627.3 1,432.0 2,550.1 2,455.6 7,065.1

Debit 0.0 0.0 0.0 0.0 0.0

Acquisition/disposal of nonproduced nonfi nancial assets 0.0 0.0 0.0 0.0 0.0

Credit 0.0 0.0 0.0 0.0 0.0

Debit 0.0 0.0 0.0 0.0 0.0

Financial account 376,884.4 258,655.4 117,246.4 226,384.8 979,171.1

Direct investment

Direct investment Abroad 198.9 1,372.7 201.2 -709.9 1,062.9

Equity capital -22.8 927.1 0.0 0.0 904.3

Claims on affi liated enterprises -22.8 927.1 0.0 0.0 904.3


Reinvested earnings 579.6 383.5 321.6 188.5 1,473.2

Claims 579.6 383.5 321.6 188.5 1,473.2

Liabilities 0.0 0.0 0.0 0.0 0.0

Other capital -357.9 62.0 -120.4 -898.4 -1,314.7

Claims on affi liated enterprises -357.9 62.0 -120.4 -898.4 -1,314.7


Direct investments in reporting economy 113,973.5 177,229.4 173,223.2 193,974.5 658,400.6

Equity capital 135,604.1 191,446.3 139,926.1 148,503.7 615,480.2



continued

Appendices



EF investments related to the debt decrease 0.0 0.0 0.0 0.0 0.0

EF other 0.0 0.0 0.0 0.0 0.0

Other 135,604.1 191,446.3 139,926.1 148,503.7 615,480.2

Reinvested earnings -59,507.8 -38,314.6 10,880.7 36,168.1 -50,773.6

Claims 0.0 0.0 0.0 0.0 0.0

Liabilities -59,507.8 -38,314.6 10,880.7 36,168.1 -50,773.6

Other capital 37,877.2 24,097.7 22,416.4 9,302.7 93,694.0

Claims on direct investors 11,314.7 -4,032.3 -635.8 -672.9 5,973.7



Assets 0.0 -1,130.9 0.0 0.0 -1,130.9

Equity securities 0.0 -1,130.9 0.0 0.0 -1,130.9



Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 -1,130.9 0.0 0.0 -1,130.9


Bonds and notes 0.0 0.0 0.0 0.0 0.0



Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Money-market instruments 0.0 0.0 0.0 0.0 0.0



Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Liabilities 6,628.2 -1,005.7 13,622.8 -6,046.9 13,198.4

Equity securities -2,746.8 8,369.3 4,247.8 3,328.1 13,198.4

Banks -2,263.4 8,964.5 1,457.9 64.8 8,223.9

Other sectors -483.4 -595.2 2,789.8 3,263.3 4,974.5

Debt securities 9,375.0 -9,375.0 9,375.0 -9,375.0 0.0

Bonds and notes 9,375.0 -9,375.0 9,375.0 -9,375.0 0.0


General government 9,375.0 -9,375.0 9,375.0 -9,375.0 0.0

EF - Issues 9,375.0 -9,375.0 9,375.0 -9,375.0 0.0

EF - Advance Repayments 0.0 0.0 0.0 0.0 0.0

Other 0.0 0.0 0.0 0.0 0.0

Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0




Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Financial derivatives, net -143.1 1,395.3 -290.1 -394.8 567.4



Banks -143.1 1,395.3 -290.1 -394.8 567.4

Other sectors 0.0 0.0 0.0 0.0 0.0

Financial derivatives, assets -15.5 1,397.0 4.6 -280.3 1,105.8



continued

Appendices



Banks -15.5 1,397.0 4.6 -280.3 1,105.8

Other sectors 0.0 0.0 0.0 0.0 0.0

Financial derivatives, liabilities -127.6 -1.7 -294.7 -114.5 -538.5



Banks -127.6 -1.7 -294.7 -114.5 -538.5

Other sectors 0.0 0.0 0.0 0.0 0.0

Other investment

Assets 232,739.9 118,172.1 -151,109.8 -8,350.6 191,451.6

Trade Credits -3,865.4 -11,796.2 -9,805.3 5,235.8 -20,231.0


Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0

Other sectors -3,865.4 -11,796.2 -9,805.3 5,235.8 -20,231.0

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term -3,865.4 -11,796.2 -9,805.3 5,235.8 -20,231.0

Loans 4,758.8 16,926.0 2,134.7 -10,950.5 12,869.0

Monetary authorities 3,230.0 12,613.0 171.1 5,718.9 21,733.0

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 3,230.0 12,613.0 171.1 5,718.9 21,733.0


Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0

Banks 1,235.2 3,493.9 -5,371.8 -14,037.3 -14,680.1

Long-term 2,463.5 4,627.3 21.8 -3,397.8 3,714.8

Short-term -1,228.3 -1,133.4 -5,393.7 -10,639.5 -18,394.9

Other sectors 293.7 819.1 7,335.4 -2,632.1 5,816.1

Long-term 293.7 0.0 7,480.3 0.0 7,774.0

Short-term 0.0 819.1 -144.9 -2,632.1 -1,957.9

Currency and deposits 231,145.9 118,767.4 -147,524.1 -3,190.7 199,198.4


General government 12,809.9 -333.7 12,803.3 1,010.8 26,290.3

Banks 216,569.4 126,477.9 -172,368.5 -25,638.2 145,040.5

Other sectors 1,766.5 -7,376.7 12,041.1 21,436.7 27,867.5

Other assets 700.6 -5,725.2 4,084.9 554.9 -384.8

Monetary authorities 189.9 -0.7 -630.4 -15.4 -456.6

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 189.9 -0.7 -630.4 -15.4 -456.6

General government 768.4 -728.2 728.2 -724.6 43.9

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 768.4 -728.2 728.2 -724.6 43.9

Banks -257.7 -4,996.3 3,987.2 1,294.8 27.9

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term -257.7 -4,996.3 3,987.2 1,294.8 27.9

Other sectors 0.0 0.0 0.0 0.0 0.0

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0

Liabilities 83,288.4 -57,102.7 549,129.8 156,727.9 732,043.4

Trade Credits -29,488.4 21,349.6 11,338.5 14,175.4 17,375.1


Other sectors -29,488.4 21,349.6 11,338.5 14,175.4 17,375.1

Long-term 0.0 0.0 0.0 0.0 0.0


continued

Appendices


Short-term -29,488.4 21,349.6 11,338.5 14,175.4 17,375.1

Loans 130,132.5 -81,777.9 252,121.4 121,448.5 421,924.5

Monetary authorities 180,118.3 -1,416.0 37,854.7 -3,850.9 212,706.0

Use of Fund Credit and loans 179,905.5 -1,348.2 37,599.0 -3,624.9 212,531.3

Drawings 190,906.7 0.0 49,144.7 0.0 240,051.4

Repayments -11,001.2 -1,348.2 -11,545.7 -3,624.9 -27,520.0

Other Long-term 0.0 0.0 0.0 0.0 0.0

Drawings 0.0 0.0 0.0 0.0 0.0

Repayments 0.0 0.0 0.0 0.0 0.0


Other 0.0 0.0 0.0 0.0 0.0

Short-term 212.8 -67.8 255.7 -226.0 174.7




Other 212.8 -67.8 255.7 -226.0 174.7


Use of Fund Credit and loans 0.0 0.0 100,058.5 0.0 100,058.5

Drawings 0.0 0.0 100,058.5 0.0 100,058.5

Repayments 0.0 0.0 0.0 0.0 0.0

Long-term 27,684.1 32,937.2 186,832.9 111,250.3 358,704.5

Drawings 35,289.9 42,248.7 226,097.1 124,467.0 428,102.7

EF - Drawings on new loans authorities or other sectors on authorities' behalf 35,289.9 42,248.7 226,097.1 124,467.0 428,102.7


Other 0.0 0.0 0.0 0.0 0.0

Repayments -7,605.8 -9,311.5 -39,264.2 -13,216.7 -69,398.2


Other -7,605.8 -9,311.5 -39,264.2 -13,216.7 -69,398.2

Short-term -1,200.8 1,281.2 -773.7 1,215.5 522.2

Other -1,200.8 1,281.2 -773.7 1,215.5 522.2

Banks -116,105.2 -117,523.6 -102,194.3 -75,062.0 -410,885.0

Long-term 24,382.0 -102,768.3 -42,557.2 -38,878.9 -159,822.3

Drawings 219,785.7 54,130.7 38,173.1 19,084.6 331,174.1


EF - Rescheduling of existing debt 2,500.0 0.0 0.0 0.0 2,500.0

Other 217,285.7 54,130.7 38,173.1 19,084.6 328,674.1

Repayments -195,403.6 -156,899.0 -80,730.3 -57,963.5 -490,996.4

EF - Advance Repayments -58,046.4 -85,415.6 0.0 -30,895.0 -174,357.0

Other -137,357.2 -71,483.4 -80,730.3 -27,068.5 -316,639.4

Short-term -140,487.2 -14,755.4 -59,637.1 -36,183.1 -251,062.7




Other -140,487.2 -14,755.4 -59,637.1 -36,183.1 -251,062.7

Other sectors 39,636.0 2,943.3 30,343.4 87,895.6 160,818.3

Long-term 34,282.6 5,989.4 16,620.3 88,768.4 145,660.6

Drawings 50,381.6 37,793.4 46,811.9 114,818.7 249,805.5



Other 50,166.2 37,793.4 46,811.9 114,818.7 249,590.1


continued

Appendices


Repayments -16,099.0 -31,804.0 -30,191.6 -26,050.3 -104,144.9

EF - Advance Repayments -542.9 -4,000.0 -461.3 -1,703.9 -6,708.1

Other -15,556.1 -27,804.0 -29,730.3 -24,346.4 -97,436.7

Short-term 5,353.4 -3,046.1 13,723.2 -872.8 15,157.7


EF - Rescheduling of existing debt 0.0 0.0 8,600.0 0.0 8,600.0

EF - Advance Repayments 0.0 0.0 0.0 -5,319.1 -5,319.1

Other 5,353.4 -3,046.1 5,123.2 4,446.4 11,876.8

Currency and deposits -19,034.0 -3,654.7 42,918.0 21,197.0 41,426.2



Banks -19,034.0 -3,654.7 42,918.0 21,197.0 41,426.2

Other sectors 0.0 0.0 0.0 0.0 0.0

Other liabilities 1,678.4 6,980.4 242,751.8 -93.0 251,317.6

Monetary authorities 0.0 0.0 225,523.8 41.2 225,565.1

Long-term 0.0 0.0 225,523.8 41.2 225,565.1

of which Allocations of SDRs 0.0 0.0 225,523.8 41.2 225,565.1

Short-term 0.0 0.0 0.0 0.0 0.0

General government 13.2 3.2 -1,296.8 -2,096.8 -3,377.3

Long-term 0.0 0.0 0.0 0.0 0.0


Short-term 13.2 3.2 -1,296.8 -2,096.8 -3,377.3

EF - Total arrears 13.2 3.2 -1,296.8 -2,096.8 -3,377.3

EF - Accumulation of arrears 13.2 3.2 3.2 3.2 22.7

EF - Principal on Short-term debt 0.0 0.0 0.0 0.0 0.0

EF - Principal on Long-term debt 0.0 0.0 0.0 0.0 0.0

EF - Original interest 0.0 0.0 0.0 0.0 0.0


EF - Repayment of arrears 0.0 0.0 -1,300.0 -2,100.0 -3,400.0

EF - Principal 0.0 0.0 0.0 0.0 0.0

EF - Interest 0.0 0.0 -1,300.0 -2,100.0 -3,400.0


EF - Cancellation of arrears 0.0 0.0 0.0 0.0 0.0

Other 0.0 0.0 0.0 0.0 0.0

Banks 496.8 1,750.7 -3,449.5 -522.2 -1,724.3

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 496.8 1,750.7 -3,449.5 -522.2 -1,724.3

EF - Total arrears 0.0 0.0 0.0 0.0 0.0

Other 496.8 1,750.7 -3,449.5 -522.2 -1,724.3

Other sectors 1,168.5 5,226.6 21,974.3 2,484.7 30,854.1

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 1,168.5 5,226.6 21,974.3 2,484.7 30,854.1

EF - Total arrears 1,168.5 5,226.6 21,974.3 2,484.7 30,854.1

EF - Accumulation of arrears 2,559.8 5,367.6 22,102.6 2,921.2 32,951.2

EF - Principal on Short-term debt 0.0 200.0 0.0 1,569.5 1,769.5

EF - Principal on Long-term debt 2,439.8 284.8 12,892.6 250.0 15,867.2

EF - Original interest 120.0 4,882.9 8,923.1 1,101.6 15,027.6


EF - Repayment of arrears -1,224.2 -141.1 -128.3 -436.4 -1,929.9

EF - Principal -643.5 0.0 -75.2 -180.2 -898.8

EF - Interest -580.7 -141.1 -53.1 -256.2 -1,031.1


EF - Principal 0.0 0.0 0.0 0.0 0.0


continued

Appendices


EF - Interest 0.0 0.0 0.0 0.0 0.0

EF - Cancellation of arrears -167.1 0.0 0.0 0.0 -167.1

EF - Principal 0.0 0.0 0.0 0.0 0.0

EF - Interest -167.1 0.0 0.0 0.0 -167.1

Other 0.0 0.0 0.0 0.0 0.0

Reserve Assets -59,801.4 19,725.2 -467,530.6 -108,815.5 -616,422.3

Monetary gold 0.0 0.0 0.0 0.0 0.0

Special drawing rights 9,783.1 -10,675.9 -210,986.8 5,723.2 -206,156.4


Foreign exchange -69,584.6 30,401.2 -256,543.9 -114,538.7 -410,265.9

Currency and deposits 58,680.6 9,064.8 -283,508.5 12,734.7 -203,028.4

With monetary authorities -43,239.9 49,409.4 -42,173.3 149,390.0 113,386.1

With banks 101,920.5 -40,344.5 -241,335.2 -136,655.3 -316,414.5

Securities -128,265.2 21,336.3 26,964.7 -127,273.3 -207,237.5

Equities 0.0 0.0 0.0 0.0 0.0

Bonds and notes 0.0 0.0 0.0 0.0 0.0

Money market instruments -128,265.2 21,336.3 26,964.7 -127,273.3 -207,237.5


Other claims 0.0 0.0 0.0 0.0 0.0

Net errors and omissions -7,561.6 -10,042.8 31,443.4 40,951.2 54,790.1

Total exceptional fi nancing 1,895.3 -46,590.2 289,707.5 143,953.2 388,965.8


ending

Appendices


Appendix 4. Balance of Payments of Georgia, quarters of 2009

(analytical presentation)(Thous. of USD)


A. Current Account -413,084.3 -288,835.0 -218,074.4 -404,926.9 -1,324,920.5

Goods: exports f.o.b 362,486.2 488,639.7 516,132.7 526,343.7 1,893,602.4

Goods: imports f.o.b -967,074.5 -1,000,987.8 -1,088,718.8 -1,235,814.3 -4,292,595.3

Balance on Goods -604,588.2 -512,348.0 -572,586.1 -709,470.6 -2,398,993.0

Services: credit 264,899.2 313,305.2 378,771.9 350,999.5 1,307,975.8

Services: debit -226,561.5 -235,039.2 -250,201.5 -262,865.4 -974,667.7

Balance on Goods and Services -566,250.6 -434,082.0 -444,015.7 -621,336.5 -2,065,684.9

Income: credit 93,586.8 107,106.6 118,813.1 103,180.3 422,686.9

Income: debit -109,319.3 -144,202.4 -128,598.1 -158,185.4 -540,305.2

Balance on Goods, Services, and Income -581,983.1 -471,177.8 -453,800.7 -676,341.6 -2,183,303.2

Current transfers: credit 187,057.1 199,699.1 254,621.2 288,024.7 929,402.0

Current transfers: debit -18,158.3 -17,356.2 -18,894.8 -16,610.0 -71,019.3

B. Capital Account 31,838.8 35,500.4 43,965.4 71,199.6 182,504.2

Capital account: credit 31,859.0 35,527.4 43,999.3 71,228.9 182,614.6

Capital account: debit -20.2 -27.1 -34.0 -29.3 -110.5

Total, Groups A Plus B -381,245.4 -253,334.6 -174,109.0 -333,727.3 -1,142,416.3

C. Financial Account¹ 266,807.8 291,590.5 -42,692.5 261,222.0 776,927.8

Direct investment abroad 198.9 1,372.7 201.2 -709.9 1,062.9

Direct investment in Georgia 113,973.5 177,229.4 173,223.2 193,974.5 658,400.6

Portfolio investment assets 0.0 -1,130.9 0.0 0.0 -1,130.9

Equity securities 0.0 -1,130.9 0.0 0.0 -1,130.9


Portfolio investment liabilities -2,746.8 8,369.3 4,247.8 3,328.1 13,198.4

Equity securities -2,746.8 8,369.3 4,247.8 3,328.1 13,198.4


Financial derivatives -143.1 1,395.3 -290.1 -394.8 567.4

Financial derivatives assets -15.5 1,397.0 4.6 -280.3 1,105.8

Financial derivatives liabilities -127.6 -1.7 -294.7 -114.5 -538.5

Other investment assets 232,739.9 118,172.1 -151,109.8 -8,350.6 191,451.6

Monetary authorities 3,419.8 12,612.3 -459.3 5,703.5 21,276.3

General government 13,578.4 -1,061.9 13,531.5 286.3 26,334.2

Banks 217,546.8 124,975.4 -173,753.1 -38,380.7 130,388.4

Other sectors -1,805.1 -18,353.8 9,571.2 24,040.4 13,452.7

Other investment liabilities -77,214.7 -13,817.4 -68,964.8 73,374.7 -86,622.1

Monetary authorities 212.8 -67.8 255.7 -226.0 174.7


Banks -79,096.0 -34,012.1 -62,725.8 -23,492.2 -199,326.1

Other sectors 10,475.1 28,292.9 33,543.3 109,094.0 181,405.3

Total, Groups A Through C -114,437.6 38,255.9 -216,801.5 -72,505.2 -365,488.5

D. Net Errors and Omissions -7,561.6 -10,042.8 31,443.4 40,951.2 54,790.1

Total, Groups A Through D -121,999.3 28,213.1 -185,358.2 -31,554.0 -310,698.4

E. Reserves and Related Items 121,999.3 -28,213.1 185,358.2 31,554.0 310,698.4

Reserve assets -59,801.4 19,725.2 -467,530.6 -108,815.5 -616,422.3

Use of Fund credit and loans 179,905.5 -1,348.2 137,657.5 -3,624.9 312,589.8

Allocations of SDRs 0.0 0.0 225,523.8 41.2 225,565.1

Exceptional fi nancing 1,895.3 -46,590.2 289,707.5 143,953.2 388,965.8

Appendices


Appendix 5. Balance of Payments of Georgia, quarters 2009

(Standard presentation, short-form) (Thous. of USD)


Current account -401,161.6 -284,113.0 -192,655.1 -338,535.6 -1,216,465.4

A. Goods -604,588.2 -512,348.0 -572,586.1 -709,470.6 -2,398,993.0

Credit 362,486.2 488,639.7 516,132.7 526,343.7 1,893,602.4

Debit -967,074.5 -1,000,987.8 -1,088,718.8 -1,235,814.3 -4,292,595.3

B. Services 38,337.6 78,266.0 128,570.4 88,134.1 333,308.1

Credit 264,899.2 313,305.2 378,771.9 350,999.5 1,307,975.8

Debit -226,561.5 -235,039.2 -250,201.5 -262,865.4 -974,667.7

C. Income -15,732.5 -37,095.8 -9,785.0 -55,005.1 -117,618.4

Credit 93,586.8 107,106.6 118,813.1 103,180.3 422,686.9

Debit -109,319.3 -144,202.4 -128,598.1 -158,185.4 -540,305.2

D. Current transfers 180,821.4 187,064.8 261,145.6 337,806.0 966,837.9

Credit 198,979.7 204,421.0 280,040.4 354,416.0 1,037,857.1

Debit -18,158.3 -17,356.2 -18,894.8 -16,610.0 -71,019.3

Capital and fi nancial account 408,723.3 294,155.8 161,211.8 297,584.4 1,161,675.2

Capital account 31,838.8 35,500.4 43,965.4 71,199.6 182,504.2

Credit 31,859.0 35,527.4 43,999.3 71,228.9 182,614.6

Debit -20.2 -27.1 -34.0 -29.3 -110.5

Financial account 376,884.4 258,655.4 117,246.4 226,384.8 979,171.1

A. Direct investment 114,172.4 178,602.1 173,424.4 193,264.6 659,463.5

To abroad 198.9 1,372.7 201.2 -709.9 1,062.9

From abroad 113,973.5 177,229.4 173,223.2 193,974.5 658,400.6

B. Portfolio investment 6,628.2 -2,136.6 13,622.8 -6,046.9 12,067.5

Assets 0.0 -1,130.9 0.0 0.0 -1,130.9

Liabilities 6,628.2 -1,005.7 13,622.8 -6,046.9 13,198.4

C. Financial derivatives, net -143.1 1,395.3 -290.1 -394.8 567.4

Assets -15.5 1,397.0 4.6 -280.3 1,105.8

Liabilities -127.6 -1.7 -294.7 -114.5 -538.5

D. Other investment 316,028.3 61,069.4 398,020.0 148,377.3 923,495.0

Assets 232,739.9 118,172.1 -151,109.8 -8,350.6 191,451.6

Liabilities 83,288.4 -57,102.7 549,129.8 156,727.9 732,043.4

E. Reserve assets -59,801.4 19,725.2 -467,530.6 -108,815.5 -616,422.3

Net errors and omissions -7,561.6 -10,042.8 31,443.4 40,951.2 54,790.1

Total exceptional fi nansing 1,895.3 -46,590.2 289,707.5 143,953.2 388,965.8

Appendices


Appendix 6. International Investment Position of Georgia, 2005-2009(Thous. of USD)

12/31/05 12/31/06 12/31/07 12/31/08 12/31/09

International Investment Position, net -4,023,493.6 -5,177,487.1 -7,325,636.5 -10,113,160.0 -11,103,512.2

Assets 1,017,388.1 1,535,662.0 2,291,839.3 2,730,471.0 3,178,311.9

Direct investment abroad 21,172.3 5,447.1 89,051.0 152,738.7 151,281.3

Equity capital and reinvested earnings 21,172.3 3,152.3 89,051.0 152,738.7 149,965.7

Claims on affi liated enterprises 21,172.3 3,152.3 89,051.0 152,738.7 149,965.7


Other capital 0.0 2,294.8 0.0 0.0 1,315.6

Claims on affi liated enterprises 0.0 2,294.8 0.0 0.0 1,315.6


Portfolio investment 12.5 2,203.1 7,739.5 245.4 1,433.5

Equity securities 12.5 2,203.1 161.4 154.4 1,342.5



Banks 0.0 2,190.6 148.8 141.9 143.5

Other sectors 12.5 12.5 12.5 12.5 1,199.0

Debt securities 0.0 0.0 7,578.2 91.0 91.0

Bonds and notes 0.0 0.0 5,210.5 91.0 91.0



Banks 0.0 0.0 5,119.5 0.0 0.0

Other sectors 0.0 0.0 91.0 91.0 91.0

Money-market instruments 0.0 0.0 2,367.7 0.0 0.0



Banks 0.0 0.0 2,367.7 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Financial derivatives 0.0 0.0 57.9 158.2 745.1



Banks 0.0 0.0 57.9 158.2 745.1

Other sectors 0.0 0.0 0.0 0.0 0.0

Other investment 517,729.5 597,161.9 833,834.6 1,097,171.4 914,445.3

Trade credits 144,458.6 152,783.2 177,472.5 167,010.1 203,042.2


Long-term 29,300.0 31,600.0 32,350.0 32,350.0 32,350.0

Short-term 0.0 0.0 0.0 0.0 0.0

Other sectors 115,158.6 121,183.2 145,122.5 134,660.1 170,692.2

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 115,158.6 121,183.2 145,122.5 134,660.1 170,692.2

Loans 14,489.1 43,725.3 153,339.2 89,877.3 76,859.7

Monetary authorities 620.0 2,824.5 51,472.8 24,540.3 3,171.9

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 620.0 2,824.5 51,472.8 24,540.3 3,171.9


Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0

Banks 13,669.1 10,110.8 62,323.0 27,612.9 41,847.9

Long-term 1,830.4 2,088.5 14,941.7 16,790.9 13,047.0

Short-term 11,838.7 8,022.3 47,381.4 10,822.0 28,800.9

Appendices


12/31/05 12/31/06 12/31/07 12/31/08 12/31/09

Other sectors 200.0 30,790.0 39,543.4 37,724.1 31,840.0

Long-term 0.0 0.0 39,043.4 28,068.4 20,158.6

Short-term 200.0 30,790.0 500.0 9,655.7 11,681.4

Currency and deposits 354,918.0 394,933.3 497,413.6 835,713.7 629,511.2


General government 15,592.9 7,489.9 3,799.5 25,735.3 238.0

Banks 168,845.2 211,328.0 371,478.1 689,794.1 534,954.9

Other sectors 170,458.7 176,115.4 122,135.8 120,184.1 94,318.1

Other assets 3,863.6 5,720.1 5,609.4 4,570.3 5,032.1


Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 2.3 2.6 2.1 344.8 783.2

General government 2,482.2 2,570.3 789.6 768.4 724.6

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 2,482.2 2,570.3 789.6 768.4 724.6

Banks 1,379.1 2,645.0 4,315.4 2,946.1 3,013.4

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 1,379.1 2,645.0 4,315.4 2,946.1 3,013.4

Other sectors 0.0 502.2 502.2 511.0 511.0

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 502.2 502.2 511.0 511.0

Reserve assets 478,473.8 930,849.9 1,361,156.3 1,480,157.2 2,110,406.8

Monetary gold 0.0 0.0 0.0 0.0 0.0

Special drawing rights 1,018.2 904.9 14,802.6 12,306.7 218,822.1


Foreign exchange 477,441.3 929,930.0 1,346,337.9 1,467,835.1 1,891,568.9

Currency and deposits 262,629.7 636,309.6 757,055.9 860,511.9 1,067,954.7

With Monetary authorities 113,356.9 236,059.7 87,240.2 235,405.6 123,652.0

With Banks 149,272.8 400,249.8 669,815.7 625,106.2 944,302.7

Securities 214,811.6 293,620.5 589,282.0 607,323.2 823,614.2

Equities 0.0 0.0 0.0 0.0 0.0

Bonds and notes 0.0 0.0 0.0 0.0 0.0



Other claims 0.0 0.0 0.0 0.0 0.0

Liabilities 5,040,881.6 6,713,149.1 9,617,475.8 12,843,631.0 14,281,824.1

Direct investment in reporting economy 2,373,600.3 3,559,201.4 5,356,064.5 6,762,493.0 7,361,711.5

Equity capital and reinvested earnings 1,822,379.0 2,738,827.6 3,691,064.4 4,820,961.4 5,377,604.3


Liabilities to direct investors 1,822,379.0 2,738,827.6 3,691,064.4 4,820,961.4 5,377,604.3

Other capital 551,221.3 820,373.9 1,665,000.1 1,941,531.6 1,984,107.2

Claims on direct investors -6,135.0 -6,350.0 -133,723.2 -160,712.4 -154,627.8

Liabilities to direct investors 557,356.3 826,723.9 1,798,723.3 2,102,244.0 2,138,735.0

Portfolio investment 15,015.4 181,231.9 277,897.8 893,670.4 901,508.6


Banks 14,884.3 181,068.6 262,079.0 345,838.9 347,026.1

Other sectors 131.1 163.2 15,818.8 40,019.0 46,670.1

Debt securities 0.0 0.0 0.0 507,812.5 507,812.5

Bonds and notes 0.0 0.0 0.0 507,812.5 507,812.5


General government 0.0 0.0 0.0 507,812.5 507,812.5

Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

continued

Appendices





Banks 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0

Financial derivatives 0.0 0.0 9.3 108.5 335.2



Banks 0.0 0.0 9.3 108.5 335.2

Other sectors 0.0 0.0 0.0 0.0 0.0

Other investment 2,652,265.9 2,972,715.8 3,983,504.2 5,187,359.1 6,018,268.8

Trade credits 128,349.8 164,555.4 158,420.6 324,058.4 373,101.2


Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0

Other sectors 128,349.8 164,555.4 158,420.6 324,058.4 373,101.2

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 128,349.8 164,555.4 158,420.6 324,058.4 373,101.2

Loans 2,209,048.7 2,544,264.9 3,491,106.6 4,563,432.9 5,052,792.7


Use of Fund credit & loans from the Fund 233,199.4 236,348.8 251,528.4 460,171.1 687,118.5

Other Long-term 52,629.3 58,323.8 2,673.6 0.0 0.0

Short-term 2.9 3.2 3.6 635.0 827.9

General government 1,291,847.9 1,330,479.0 1,509,284.7 1,683,428.6 2,165,563.6

Use of Fund credit & loans from the Fund 0.0 0.0 0.0 0.0 99,234.8

Other Long-term 1,289,073.0 1,327,181.2 1,505,674.1 1,679,259.2 2,061,662.1

Short-term 2,774.9 3,297.8 3,610.7 4,169.3 4,666.7

Banks 187,367.0 410,029.0 1,059,139.4 1,664,072.7 1,253,190.0

Long-term 139,011.0 327,430.4 895,055.2 1,309,107.4 1,149,213.2

Short-term 48,356.0 82,598.6 164,084.2 354,965.3 103,976.9

Other sectors 444,002.2 509,081.2 668,476.9 755,125.7 946,092.7

Long-term 415,779.5 470,079.1 626,297.2 708,614.8 878,603.1

Short-term 28,222.8 39,002.0 42,179.7 46,510.9 67,489.6

Currency and deposits 120,157.6 138,533.5 233,111.9 208,971.0 249,568.1



Banks 120,143.3 138,518.4 233,096.1 208,955.6 249,552.4

Other sectors 0.0 0.0 0.0 0.0 0.0

Other liabilities 194,709.9 125,362.0 100,865.1 90,896.8 342,806.8

Monetary authorities 0.0 0.0 0.0 0.0 225,775.5

Long-term 0.0 0.0 0.0 0.0 225,775.5

of which Allocations of SDRs 0.0 0.0 0.0 0.0 225,775.5

Short-term 0.0 0.0 0.0 0.0 0.0


Long-term 0.0 0.0 0.0 0.0 0.0


Short-term 193,209.9 108,822.5 73,937.7 69,608.6 66,231.3

Banks 730.2 200.5 2,792.9 1,635.7 220.1

Long-term 678.8 0.0 0.0 0.0 0.0

Short-term 51.4 200.5 2,792.9 1,635.7 220.1

Other sectors 769.8 16,339.0 24,134.5 19,652.5 50,579.9

Long-term 0.0 0.0 0.0 0.0 0.0

Short-term 769.8 16,339.0 24,134.5 19,652.5 50,579.9

ending

12/31/05 12/31/06 12/31/07 12/31/08 12/31/09

Appendices


Outstan-

ding as of

12/31/2008

Changes during the quarter IOutstan-

ding as of

3/31/2009Operational Exchange rate Price Other

International Investment Position, net -10,113,160.0 -376,884.4 33,049.6 -1,829.1 17,130.9 -10,441,693.0

Assets 2,730,471.0 -173,121.8 -66,895.1 -1,886.8 4,211.6 2,492,778.9

Direct investment abroad 152,738.7 -198.9 -39.5 0.0 0.0 152,500.4

Equity capital and reinvested earnings 152,738.7 -556.8 -39.6 0.0 0.0 152,142.3

Claims on affi liated enterprises 152,738.7 -556.8 -39.6 0.0 0.0 152,142.3

Liabilities to affi liated enterprises 0.0 0.0 0.0 0.0 0.0 0.0

Other capital 0.0 357.9 0.2 0.0 0.0 358.1

Claims on affi liated enterprises 0.0 357.9 0.2 0.0 0.0 358.1


Portfolio investment 245.4 0.0 -9.9 0.0 0.0 235.5

Equity securities 154.4 0.0 -9.9 0.0 0.0 144.5

Monetary authorities 0.0 0.0 0.0 0.0 0.0 0.0

General government 0.0 0.0 0.0 0.0 0.0 0.0

Banks 141.9 0.0 -9.9 0.0 0.0 131.9

Other sectors 12.5 0.0 0.0 0.0 0.0 12.5

Debt securities 91.0 0.0 0.0 0.0 0.0 91.0

Bonds and notes 91.0 0.0 0.0 0.0 0.0 91.0



Banks 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 91.0 0.0 0.0 0.0 0.0 91.0

Money-market instruments 0.0 0.0 0.0 0.0 0.0 0.0

Financial derivatives 158.2 15.5 885.3 0.0 0.0 1,059.0



Banks 158.2 15.5 885.3 0.0 0.0 1,059.0

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other investment 1,097,171.4 -232,739.9 -22,775.0 0.0 4,211.6 845,868.2

Trade credits 167,010.1 3,865.4 -1,018.9 0.0 4,203.4 174,060.0

General government 32,350.0 0.0 0.0 0.0 0.0 32,350.0

Long-term 32,350.0 0.0 0.0 0.0 0.0 32,350.0

Short-term 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 134,660.1 3,865.4 -1,018.9 0.0 4,203.4 141,710.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 134,660.1 3,865.4 -1,018.9 0.0 4,203.4 141,710.0

Loans 89,877.3 -4,758.8 -606.5 0.0 0.0 84,512.0

Monetary authorities 24,540.3 -3,230.0 -480.5 0.0 0.0 20,829.9

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 24,540.3 -3,230.0 -480.5 0.0 0.0 20,829.9


Banks 27,612.9 -1,235.2 -111.1 0.0 0.0 26,266.7

Long-term 16,790.9 -2,463.5 -15.5 0.0 0.0 14,311.9

Short-term 10,822.0 1,228.3 -95.6 0.0 0.0 11,954.8

Other sectors 37,724.1 -293.7 -15.0 0.0 0.0 37,415.4

Long-term 28,068.4 -293.7 -4.8 0.0 0.0 27,769.9

Appendix 7. International Investment Position of Georgia, 2009 quarter I (Thous. of USD)

Appendices


Outstan-

ding as of

12/31/2008


ding as of


Short-term 9,655.7 0.0 -10.2 0.0 0.0 9,645.5

Currency and deposits 835,713.7 -231,145.9 -21,103.7 0.0 8.2 583,472.3


General government 25,735.3 -12,809.9 -45.9 0.0 0.0 12,879.4

Banks 689,794.1 -216,569.4 -20,364.9 0.0 0.0 452,859.8

Other sectors 120,184.1 -1,766.5 -692.9 0.0 8.2 117,732.9

Other assets 4,570.3 -700.6 -45.8 0.0 0.0 3,823.9

Monetary authorities 344.8 -189.9 -8.9 0.0 0.0 146.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 344.8 -189.9 -8.9 0.0 0.0 146.0

General government 768.4 -768.4 0.0 0.0 0.0 0.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 768.4 -768.4 0.0 0.0 0.0 0.0

Banks 2,946.1 257.7 -37.0 0.0 0.0 3,166.9

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 2,946.1 257.7 -37.0 0.0 0.0 3,166.9

Other sectors 511.0 0.0 0.0 0.0 0.0 511.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 511.0 0.0 0.0 0.0 0.0 511.0

Reserve assets 1,480,157.2 59,801.4 -44,956.0 -1,886.8 0.0 1,493,115.8

Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0

Special drawing rights 12,306.7 -9,783.1 -150.7 0.0 0.0 2,372.9

Reserve position in the Fund 15.4 0.0 -0.5 0.0 0.0 15.0

Foreign exchange 1,467,835.1 69,584.6 -44,804.9 -1,886.8 0.0 1,490,727.9


With Monetary authorities 235,405.6 43,239.9 -3,526.8 0.0 0.0 275,118.8

With Banks 625,106.2 -101,920.5 -13,969.4 0.0 0.0 509,216.3

Securities 607,323.2 128,265.2 -27,308.7 -1,886.8 0.0 706,392.8

Equities 0.0 0.0 0.0 0.0 0.0 0.0

Bonds and notes 0.0 0.0 0.0 0.0 0.0 0.0

Money-market instruments 607,323.2 128,265.2 -27,308.7 -1,886.8 0.0 706,392.8

Financial derivatives ,net 0.0 0.0 0.0 0.0 0.0 0.0

Other claims 0.0 0.0 0.0 0.0 0.0 0.0

Liabilities 12,843,631.0 203,762.6 -99,944.6 -57.7 -12,919.4 12,934,471.9

Direct investment in reporting economy 6,762,493.0 113,973.5 -7,049.5 -55.6 -15,833.6 6,853,527.8

Equity capital and reinvested earnings 4,820,961.4 76,096.3 -1,839.7 -55.6 -437.8 4,894,724.6

Claims on direct investors 0.0 0.0 0.0 0.0 0.0 0.0

Liabilities to direct investors 4,820,961.4 76,096.3 -1,839.7 -55.6 -437.8 4,894,724.6

Other capital 1,941,531.6 37,877.2 -5,209.8 0.0 -15,395.8 1,958,803.2

Claims on direct investors -160,712.4 11,314.7 0.0 0.0 0.0 -149,397.6

Liabilities to direct investors 2,102,244.0 26,562.5 -5,209.8 0.0 -15,395.8 2,108,200.9

Portfolio investment 893,670.4 6,628.2 -625.4 -2.1 443.3 900,114.5

Equity securities 385,857.9 -2,746.8 -625.4 -2.1 443.3 382,927.0

Banks 345,838.9 -2,263.4 -616.6 -2.1 443.3 343,400.2

Other sectors 40,019.0 -483.4 -8.8 0.0 0.0 39,526.8

Debt securities 507,812.5 9,375.0 0.0 0.0 0.0 517,187.5

Bonds and notes 507,812.5 9,375.0 0.0 0.0 0.0 517,187.5


General government 507,812.5 9,375.0 0.0 0.0 0.0 517,187.5

Banks 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

continued

Appendices


Outstan-

ding as of

12/31/2008


ding as of



Financial derivatives 108.5 -127.6 291.0 0.0 0.0 272.0



Banks 108.5 -127.6 291.0 0.0 0.0 272.0

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other investment 5,187,359.1 83,288.4 -92,560.7 0.0 2,470.9 5,180,557.6

Trade credits 324,058.4 -29,488.4 -2,647.0 0.0 -0.5 291,922.5


Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 324,058.4 -29,488.4 -2,647.0 0.0 -0.5 291,922.5

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 324,058.4 -29,488.4 -2,647.0 0.0 -0.5 291,922.5

Loans 4,563,432.9 130,132.5 -87,221.7 0.0 2,471.4 4,608,815.1

Monetary authorities 460,806.0 180,118.3 -15,783.8 0.0 0.0 625,140.5

Use of Fund credit & loans from the Fund 460,171.1 179,905.5 -15,765.2 0.0 0.0 624,311.3

Other Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 635.0 212.8 -18.6 0.0 0.0 829.1

General government 1,683,428.6 26,483.3 -54,233.7 0.0 0.0 1,655,678.1

Use of Fund credit & loans from the Fund 0.0 0.0 0.0 0.0 0.0 0.0

Other Long-term 1,679,259.2 27,684.1 -54,126.3 0.0 0.0 1,652,817.1

Short-term 4,169.3 -1,200.8 -107.5 0.0 0.0 2,861.0

Banks 1,664,072.7 -116,105.2 -855.5 0.0 0.0 1,547,112.0

Long-term 1,309,107.4 24,382.0 -518.1 0.0 0.0 1,332,971.3

Short-term 354,965.3 -140,487.2 -337.4 0.0 0.0 214,140.7

Other sectors 755,125.7 39,636.0 -16,348.6 0.0 2,471.4 780,884.5

Long-term 708,614.8 34,282.6 -15,698.7 0.0 0.0 727,198.7

Short-term 46,510.9 5,353.4 -649.9 0.0 2,471.4 53,685.8


Monetary authorities 15.4 0.0 -0.5 0.0 0.0 15.0


Banks 208,955.6 -19,034.0 -2,614.5 0.0 0.0 187,307.1

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other liabilities 90,896.8 1,678.4 -77.2 0.0 0.0 92,498.0


Long-term 0.0 0.0 0.0 0.0 0.0 0.0

of which Allocations of SDRs 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0 0.0


Long-term 0.0 0.0 0.0 0.0 0.0 0.0


Short-term 69,608.6 13.2 0.0 0.0 0.0 69,621.8

Banks 1,635.7 496.8 -26.0 0.0 0.0 2,106.4

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 1,635.7 496.8 -26.0 0.0 0.0 2,106.4

Other sectors 19,652.5 1,168.5 -51.2 0.0 0.0 20,769.9

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 19,652.5 1,168.5 -51.2 0.0 0.0 20,769.9

ending

Appendices


Appendix 8. International Investment Position of Georgia, 2009 quarter II(Thous. of USD)

Outstanding as of 3/31/2009

Changes during the quarter II Outstanding as of 6/30/2009Operational Exchange rate Price Other

International Investment Position, net -10,441,693.0 -258,655.4 -61,286.4 -3,571.0 -27,432.6 -10,792,638.5

Assets 2,492,778.9 -139,536.1 63,782.8 -2,456.2 5,196.2 2,419,765.6

Direct investment abroad 152,500.4 -1,372.7 289.4 0.0 0.0 151,417.1

Equity capital and reinvested earnings 152,142.3 -1,310.6 288.7 0.0 0.0 151,120.3

Claims on affi liated enterprises 152,142.3 -1,310.6 288.7 0.0 0.0 151,120.3


Other capital 358.1 -62.0 0.7 0.0 0.0 296.8

Claims on affi liated enterprises 358.1 -62.0 0.7 0.0 0.0 296.8


Portfolio investment 235.5 1,130.9 49.1 0.0 0.0 1,415.5

Equity securities 144.5 1,130.9 49.1 0.0 0.0 1,324.5



Banks 131.9 0.0 8.6 0.0 0.0 140.5

Other sectors 12.5 1,130.9 40.6 0.0 0.0 1,184.0

Debt securities 91.0 0.0 0.0 0.0 0.0 91.0

Bonds and notes 91.0 0.0 0.0 0.0 0.0 91.0



Banks 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 91.0 0.0 0.0 0.0 0.0 91.0


Financial derivatives 1,059.0 -1,397.0 686.7 0.0 0.0 348.7



Banks 1,059.0 -1,397.0 686.7 0.0 0.0 348.7

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other investment 845,868.2 -118,172.1 15,975.1 0.0 5,196.2 748,867.5

Trade credits 174,060.0 11,796.2 3,074.1 0.0 5,198.4 194,128.6


Long-term 32,350.0 0.0 0.0 0.0 0.0 32,350.0

Short-term 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 141,710.0 11,796.2 3,074.1 0.0 5,198.4 161,778.6

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 141,710.0 11,796.2 3,074.1 0.0 5,198.4 161,778.6

Loans 84,512.0 -16,926.0 710.3 0.0 0.0 68,296.3

Monetary authorities 20,829.9 -12,613.0 493.0 0.0 0.0 8,709.9

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 20,829.9 -12,613.0 493.0 0.0 0.0 8,709.9


Banks 26,266.7 -3,493.9 147.9 0.0 0.0 22,920.7

Long-term 14,311.9 -4,627.3 29.9 0.0 0.0 9,714.5

Short-term 11,954.8 1,133.4 118.1 0.0 0.0 13,206.2

Other sectors 37,415.4 -819.1 69.3 0.0 0.0 36,665.6

Long-term 27,769.9 0.0 4.2 0.0 0.0 27,774.1

Short-term 9,645.5 -819.1 65.1 0.0 0.0 8,891.5

Appendices


Currency and deposits 583,472.3 -118,767.4 12,083.9 0.0 -2.1 476,786.6



Banks 452,859.8 -126,477.9 10,596.0 0.0 0.0 336,977.9

Other sectors 117,732.9 7,376.7 1,374.3 0.0 -2.1 126,481.8

Other assets 3,823.9 5,725.2 106.9 0.0 0.0 9,656.0


Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 146.0 0.7 5.6 0.0 0.0 152.3


Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 728.2 0.0 0.0 0.0 728.2

Banks 3,166.9 4,996.3 101.3 0.0 0.0 8,264.5

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 3,166.9 4,996.3 101.3 0.0 0.0 8,264.5

Other sectors 511.0 0.0 0.0 0.0 0.0 511.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 511.0 0.0 0.0 0.0 0.0 511.0

Reserve assets 1,493,115.8 -19,725.2 46,782.4 -2,456.2 0.0 1,517,716.8

Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0

Special drawing rights 2,372.9 10,675.9 113.7 0.0 0.0 13,162.5

Reserve position in the Fund 15.0 0.0 0.6 0.0 0.0 15.5

Foreign exchange 1,490,727.9 -30,401.2 46,668.1 -2,456.2 0.0 1,504,538.7

Currency and deposits 784,335.1 -9,064.8 17,459.6 0.0 0.0 792,729.9

With Monetary authorities 275,118.8 -49,409.4 2,771.2 0.0 0.0 228,480.6

With Banks 509,216.3 40,344.5 14,688.4 0.0 0.0 564,249.2

Securities 706,392.8 -21,336.3 29,208.5 -2,456.2 0.0 711,808.8

Equities 0.0 0.0 0.0 0.0 0.0 0.0

Bonds and notes 0.0 0.0 0.0 0.0 0.0 0.0

Money-market instruments 706,392.8 -21,336.3 29,208.5 -2,456.2 0.0 711,808.8


Other claims 0.0 0.0 0.0 0.0 0.0 0.0

Liabilities 12,934,471.9 119,119.3 125,069.2 1,114.9 32,628.8 13,212,404.1

Direct investment in reporting economy 6,853,527.8 177,229.4 16,968.3 1,198.4 36,234.5 7,085,158.5

Equity capital and reinvested earnings 4,894,724.6 153,131.7 4,851.3 1,198.4 36,234.5 5,090,140.6


Liabilities to direct investors 4,894,724.6 153,131.7 4,851.3 1,198.4 36,234.5 5,090,140.6

Other capital 1,958,803.2 24,097.7 12,117.0 0.0 0.0 1,995,017.9

Claims on direct investors -149,397.6 -4,032.3 0.0 0.0 0.0 -153,429.9

Liabilities to direct investors 2,108,200.9 28,130.0 12,117.0 0.0 0.0 2,148,447.9

Portfolio investment 900,114.5 -1,005.7 2,551.3 -83.6 -3,094.2 898,482.3

Equity securities 382,927.0 8,369.3 2,551.3 -83.6 -3,094.2 390,669.8

Banks 343,400.2 8,964.5 2,544.0 -83.6 -3,094.2 351,731.0

Other sectors 39,526.8 -595.2 7.3 0.0 0.0 38,938.9

Debt securities 517,187.5 -9,375.0 0.0 0.0 0.0 507,812.5

Bonds and notes 517,187.5 -9,375.0 0.0 0.0 0.0 507,812.5


General government 517,187.5 -9,375.0 0.0 0.0 0.0 507,812.5

Banks 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0




continued

Appendices





Banks 272.0 -1.7 123.1 0.0 0.0 393.3

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other investment 5,180,557.6 -57,102.7 105,426.5 0.0 -511.5 5,228,369.9

Trade credits 291,922.5 21,349.6 2,636.5 0.0 -1,285.5 314,623.1


Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 291,922.5 21,349.6 2,636.5 0.0 -1,285.5 314,623.1

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 291,922.5 21,349.6 2,636.5 0.0 -1,285.5 314,623.1

Loans 4,608,815.1 -81,777.9 100,109.3 0.0 773.9 4,627,920.4

Monetary authorities 625,140.5 -1,416.0 23,851.7 0.0 0.0 647,576.2

Use of Fund credit & loans from the Fund 624,311.3 -1,348.2 23,820.0 0.0 0.0 646,783.2

Other Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 829.1 -67.8 31.7 0.0 0.0 793.0

General government 1,655,678.1 34,218.4 58,342.5 0.0 0.0 1,748,239.0

Use of Fund credit & loans from the Fund 0.0 0.0 0.0 0.0 0.0 0.0

Other Long-term 1,652,817.1 32,937.2 58,298.1 0.0 0.0 1,744,052.4

Short-term 2,861.0 1,281.2 44.4 0.0 0.0 4,186.6

Banks 1,547,112.0 -117,523.6 828.2 0.0 0.0 1,430,416.5

Long-term 1,332,971.3 -102,768.3 427.5 0.0 0.0 1,230,630.6

Short-term 214,140.7 -14,755.4 400.6 0.0 0.0 199,785.9

Other sectors 780,884.5 2,943.3 17,086.9 0.0 773.9 801,688.6

Long-term 727,198.7 5,989.4 14,244.5 0.0 0.0 747,432.6

Short-term 53,685.8 -3,046.1 2,842.4 0.0 773.9 54,256.1

Currency and deposits 187,322.0 -3,654.7 2,257.6 0.0 0.0 185,924.9



Banks 187,307.1 -3,654.7 2,257.0 0.0 0.0 185,909.4

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other liabilities 92,498.0 6,980.4 423.1 0.0 0.0 99,901.5


Long-term 0.0 0.0 0.0 0.0 0.0 0.0


Short-term 0.0 0.0 0.0 0.0 0.0 0.0


Long-term 0.0 0.0 0.0 0.0 0.0 0.0


Short-term 69,621.8 3.2 0.0 0.0 0.0 69,624.9

Banks 2,106.4 1,750.7 327.7 0.0 0.0 4,184.7

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 2,106.4 1,750.7 327.7 0.0 0.0 4,184.7

Other sectors 20,769.9 5,226.6 95.4 0.0 0.0 26,091.8

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 20,769.9 5,226.6 95.4 0.0 0.0 26,091.8



ending

Appendices


Outstan-

ding as of

6/30/2009

Changes during the quarter III Outstan-

ding as of


International Investment Position, net -10,792,638.5 -117,246.4 -22,889.3 7,851.5 6,207.6 -10,918,715.1

Assets 2,419,765.6 618,434.6 32,221.5 761.4 -1,268.0 3,069,915.2

Direct investment abroad 151,417.1 -201.2 -479.2 0.0 0.0 150,736.7




Other capital 296.8 120.4 0.0 0.0 0.0 417.2

Claims on affi liated enterprises 296.8 120.4 0.0 0.0 0.0 417.2


Portfolio investment 1,415.5 0.0 29.2 0.0 0.0 1,444.7

Equity securities 1,324.5 0.0 29.2 0.0 0.0 1,353.7



Banks 140.5 0.0 5.0 0.0 0.0 145.5

Other sectors 1,184.0 0.0 24.2 0.0 0.0 1,208.2

Debt securities 91.0 0.0 0.0 0.0 0.0 91.0

Bonds and notes 91.0 0.0 0.0 0.0 0.0 91.0



Banks 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 91.0 0.0 0.0 0.0 0.0 91.0





Banks 348.7 -4.6 1.8 0.0 0.0 345.9

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other investment 748,867.5 151,109.8 7,696.8 0.0 -1,268.0 906,406.0

Trade credits 194,128.6 9,805.3 -382.8 0.0 -34.1 203,517.0


Long-term 32,350.0 0.0 0.0 0.0 0.0 32,350.0

Short-term 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 161,778.6 9,805.3 -382.8 0.0 -34.1 171,167.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 161,778.6 9,805.3 -382.8 0.0 -34.1 171,167.0

Loans 68,296.3 -2,134.7 156.5 0.0 0.0 66,318.1

Monetary authorities 8,709.9 -171.1 224.0 0.0 0.0 8,762.8

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 8,709.9 -171.1 224.0 0.0 0.0 8,762.8


Banks 22,920.7 5,371.8 21.3 0.0 0.0 28,313.8

Long-term 9,714.5 -21.8 -27.0 0.0 0.0 9,665.6

Short-term 13,206.2 5,393.7 48.3 0.0 0.0 18,648.2

Other sectors 36,665.6 -7,335.4 -88.7 0.0 0.0 29,241.5

Long-term 27,774.1 -7,480.3 2.7 0.0 0.0 20,296.5

Short-term 8,891.5 144.9 -91.4 0.0 0.0 8,945.0

Currency and deposits 476,786.6 147,524.1 7,888.8 0.0 -1,233.9 630,965.6

Appendix 9. International Investment Position of Georgia, 2009 quarter III(Thous. of USD)

Appendices




Banks 336,977.9 172,368.5 5,609.3 0.0 -1,485.2 513,470.6

Other sectors 126,481.8 -12,041.1 1,551.8 0.0 251.3 116,243.7

Other assets 9,656.0 -4,084.9 34.3 0.0 0.0 5,605.3


Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 152.3 630.4 3.1 0.0 0.0 785.9

General government 728.2 -728.2 0.0 0.0 0.0 0.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 728.2 -728.2 0.0 0.0 0.0 0.0

Banks 8,264.5 -3,987.2 31.1 0.0 0.0 4,308.4

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 8,264.5 -3,987.2 31.1 0.0 0.0 4,308.4

Other sectors 511.0 0.0 0.0 0.0 0.0 511.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 511.0 0.0 0.0 0.0 0.0 511.0

Reserve assets 1,517,716.8 467,530.6 24,973.0 761.4 0.0 2,010,981.8

Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0

Special drawing rights 13,162.5 210,986.8 2,735.9 0.0 0.0 226,885.2

Reserve position in the Fund 15.5 0.0 0.3 0.0 0.0 15.8

Foreign exchange 1,504,538.7 256,543.9 22,236.8 761.4 0.0 1,784,080.8

Currency and deposits 792,729.9 283,508.5 4,216.3 0.0 0.0 1,080,454.7

With Monetary authorities 228,480.6 42,173.3 1,831.9 0.0 0.0 272,485.9

With Banks 564,249.2 241,335.2 2,384.4 0.0 0.0 807,968.8

Securities 711,808.8 -26,964.7 18,020.5 761.4 0.0 703,626.1

Equities 0.0 0.0 0.0 0.0 0.0 0.0

Bonds and notes 0.0 0.0 0.0 0.0 0.0 0.0

Money-market instruments 711,808.8 -26,964.7 18,020.5 761.4 0.0 703,626.1


Other claims 0.0 0.0 0.0 0.0 0.0 0.0

Liabilities 13,212,404.1 735,681.0 55,110.8 -7,090.1 -7,475.5 13,988,630.3

Direct investment in reporting economy 7,085,158.5 173,223.2 -5,846.7 -6,617.6 -6,985.0 7,238,932.4

Equity capital and reinvested earnings 5,090,140.6 150,806.8 -8,190.9 -6,617.6 -7,092.9 5,219,045.9


Liabilities to direct investors 5,090,140.6 150,806.8 -8,190.9 -6,617.6 -7,092.9 5,219,045.9

Other capital 1,995,017.9 22,416.4 2,344.2 0.0 107.9 2,019,886.5

Claims on direct investors -153,429.9 -635.8 0.0 0.0 0.0 -154,065.7

Liabilities to direct investors 2,148,447.9 23,052.2 2,344.2 0.0 107.9 2,173,952.2

Portfolio investment 898,482.3 13,622.8 -4,025.0 -472.5 -9.6 907,598.0

Equity securities 390,669.8 4,247.8 -4,025.0 -472.5 -9.6 390,410.5

Banks 351,731.0 1,457.9 -4,034.5 -472.5 -9.6 348,672.4

Other sectors 38,938.9 2,789.8 9.5 0.0 0.0 41,738.2

Debt securities 507,812.5 9,375.0 0.0 0.0 0.0 517,187.5

Bonds and notes 507,812.5 9,375.0 0.0 0.0 0.0 517,187.5


General government 507,812.5 9,375.0 0.0 0.0 0.0 517,187.5

Banks 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0


Outstan-

ding as of

6/30/2009


ding as of


continued

Appendices


Outstan-

ding as of

6/30/2009


ding as of





Banks 393.3 -294.7 207.6 0.0 0.0 306.2

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other investment 5,228,369.9 549,129.8 64,774.9 0.0 -480.9 5,841,793.7

Trade credits 314,623.1 11,338.5 -710.0 0.0 0.4 325,252.0


Other sectors 314,623.1 11,338.5 -710.0 0.0 0.4 325,252.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 314,623.1 11,338.5 -710.0 0.0 0.4 325,252.0

Loans 4,627,920.4 252,121.4 61,796.4 0.0 0.0 4,941,838.2

Monetary authorities 647,576.2 37,854.7 13,707.7 0.0 0.0 699,138.5

Use of Fund credit & loans from the Fund 646,783.2 37,599.0 13,691.3 0.0 0.0 698,073.4

Other Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 793.0 255.7 16.4 0.0 0.0 1,065.1

General government 1,748,239.0 286,117.6 39,557.8 0.0 0.0 2,073,914.5

Use of Fund credit & loans from the Fund 0.0 100,058.5 232.1 0.0 0.0 100,290.6

Other Long-term 1,744,052.4 186,832.9 39,262.4 0.0 0.0 1,970,147.7

Short-term 4,186.6 -773.7 63.3 0.0 0.0 3,476.2

Banks 1,430,416.5 -102,194.3 114.3 0.0 0.0 1,328,336.5

Long-term 1,230,630.6 -42,557.2 115.4 0.0 0.0 1,188,188.7

Short-term 199,785.9 -59,637.1 -1.0 0.0 0.0 140,147.8

Other sectors 801,688.6 30,343.4 8,416.5 0.0 0.0 840,448.6

Long-term 747,432.6 16,620.3 8,008.8 0.0 0.0 772,061.7

Short-term 54,256.1 13,723.2 407.7 0.0 0.0 68,386.9

Currency and deposits 185,924.9 42,918.0 1,051.2 0.0 -481.3 229,412.8



Banks 185,909.4 42,918.0 1,050.9 0.0 -481.3 229,396.9

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other liabilities 99,901.5 242,751.8 2,637.4 0.0 0.0 345,290.7

Monetary authorities 0.0 225,523.8 2,612.0 0.0 0.0 228,135.8

Long-term 0.0 225,523.8 2,612.0 0.0 0.0 228,135.8

of which Allocations of SDRs 0.0 225,523.8 2,612.0 0.0 0.0 228,135.8

Short-term 0.0 0.0 0.0 0.0 0.0 0.0


Long-term 0.0 0.0 0.0 0.0 0.0 0.0


Short-term 69,624.9 -1,296.8 0.0 0.0 0.0 68,328.1

Banks 4,184.7 -3,449.5 -1.3 0.0 0.0 734.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 4,184.7 -3,449.5 -1.3 0.0 0.0 734.0

Other sectors 26,091.8 21,974.3 26.7 0.0 0.0 48,092.8

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 26,091.8 21,974.3 26.7 0.0 0.0 48,092.8

ending

Appendices


Appendix 10. International Investment Position of Georgia, 2009 quarter IV(Thous. of USD)

Outstan-

ding as of

9/30/2009

Changes during the quarter IV Outstan-

ding as of


International Investment Position, net -10,918,715.1 -226,384.8 31,372.8 20,775.0 -10,560.2 -11,103,512.2

Assets 3,069,915.2 118,156.2 -15,856.5 433.3 5,663.6 3,178,311.9

Direct investment abroad 150,736.7 709.9 -165.3 0.0 0.0 151,281.3




Other capital 417.2 898.4 0.0 0.0 0.0 1,315.6

Claims on affi liated enterprises 417.2 898.4 0.0 0.0 0.0 1,315.6


Portfolio investment 1,444.7 0.0 -11.2 0.0 0.0 1,433.5

Equity securities 1,353.7 0.0 -11.2 0.0 0.0 1,342.5



Banks 145.5 0.0 -2.0 0.0 0.0 143.5

Other sectors 1,208.2 0.0 -9.2 0.0 0.0 1,199.0

Debt securities 91.0 0.0 0.0 0.0 0.0 91.0

Bonds and notes 91.0 0.0 0.0 0.0 0.0 91.0



Banks 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 91.0 0.0 0.0 0.0 0.0 91.0


Financial derivatives 345.9 280.3 98.5 20.4 0.0 745.1



Banks 345.9 280.3 98.5 20.4 0.0 745.1

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other investment 906,406.0 8,350.6 -5,975.0 0.0 5,663.6 914,445.3

Trade credits 203,517.0 -5,235.8 -887.7 0.0 5,648.8 203,042.2


Long-term 32,350.0 0.0 0.0 0.0 0.0 32,350.0

Short-term 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 171,167.0 -5,235.8 -887.7 0.0 5,648.8 170,692.2

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 171,167.0 -5,235.8 -887.7 0.0 5,648.8 170,692.2

Loans 66,318.1 10,950.5 -448.1 0.0 39.2 76,859.7

Monetary authorities 8,762.8 -5,718.9 127.9 0.0 0.0 3,171.9

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 8,762.8 -5,718.9 127.9 0.0 0.0 3,171.9


Banks 28,313.8 14,037.3 -503.3 0.0 0.0 41,847.9

Long-term 9,665.6 3,397.8 -16.5 0.0 0.0 13,047.0

Short-term 18,648.2 10,639.5 -486.8 0.0 0.0 28,800.9

Other sectors 29,241.5 2,632.1 -72.8 0.0 39.2 31,840.0

Long-term 20,296.5 0.0 -17.9 0.0 -120.0 20,158.6

Appendices


Short-term 8,945.0 2,632.1 -54.8 0.0 159.2 11,681.4

Currency and deposits 630,965.6 3,190.7 -4,620.8 0.0 -24.3 629,511.2


General government 1,251.1 -1,010.8 -2.3 0.0 0.0 238.0

Banks 513,470.6 25,638.2 -4,153.9 0.0 0.0 534,954.9

Other sectors 116,243.7 -21,436.7 -464.6 0.0 -24.3 94,318.1

Other assets 5,605.3 -554.9 -18.3 0.0 0.0 5,032.1


Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 785.9 15.4 -18.1 0.0 0.0 783.2


Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 0.0 724.6 0.0 0.0 0.0 724.6

Banks 4,308.4 -1,294.8 -0.2 0.0 0.0 3,013.4

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 4,308.4 -1,294.8 -0.2 0.0 0.0 3,013.4

Other sectors 511.0 0.0 0.0 0.0 0.0 511.0

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 511.0 0.0 0.0 0.0 0.0 511.0

Reserve assets 2,010,981.8 108,815.5 -9,803.5 413.0 0.0 2,110,406.8

Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0

Special drawing rights 226,885.2 -5,723.2 -2,339.9 0.0 0.0 218,822.1

Reserve position in the Fund 15.8 0.0 -0.2 0.0 0.0 15.7

Foreign exchange 1,784,080.8 114,538.7 -7,463.5 413.0 0.0 1,891,568.9

Currency and deposits 1,080,454.7 -12,734.7 234.7 0.0 0.0 1,067,954.7

With Monetary authorities 272,485.9 -149,390.0 556.1 0.0 0.0 123,652.0

With Banks 807,968.8 136,655.3 -321.4 0.0 0.0 944,302.7

Securities 703,626.1 127,273.3 -7,698.2 413.0 0.0 823,614.2

Equities 0.0 0.0 0.0 0.0 0.0 0.0

Bonds and notes 0.0 0.0 0.0 0.0 0.0 0.0

Money-market instruments 703,626.1 127,273.3 -7,698.2 413.0 0.0 823,614.2


Other claims 0.0 0.0 0.0 0.0 0.0 0.0

Liabilities 13,988,630.3 344,541.0 -47,229.3 -20,341.7 16,223.8 14,281,824.1

Direct investment in reporting economy 7,238,932.4 193,974.5 -7,633.7 -20,426.3 -43,135.4 7,361,711.5

Equity capital and reinvested earnings 5,219,045.9 184,671.8 -3,749.7 -20,426.3 -1,937.4 5,377,604.3


Liabilities to direct investors 5,219,045.9 184,671.8 -3,749.7 -20,426.3 -1,937.4 5,377,604.3

Other capital 2,019,886.5 9,302.7 -3,884.0 0.0 -41,198.0 1,984,107.2

Claims on direct investors -154,065.7 -672.9 110.8 0.0 0.0 -154,627.8

Liabilities to direct investors 2,173,952.2 9,975.6 -3,994.8 0.0 -41,198.0 2,138,735.0

Portfolio investment 907,598.0 -6,046.9 -1,812.2 84.6 1,685.1 901,508.6

Equity securities 390,410.5 3,328.1 -1,812.2 84.6 1,685.1 393,696.1

Banks 348,672.4 64.8 -1,801.7 84.6 6.0 347,026.1

Other sectors 41,738.2 3,263.3 -10.5 0.0 1,679.1 46,670.1

Debt securities 517,187.5 -9,375.0 0.0 0.0 0.0 507,812.5

Bonds and notes 517,187.5 -9,375.0 0.0 0.0 0.0 507,812.5



Banks 0.0 0.0 0.0 0.0 0.0 0.0

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0


Outstan-

ding as of

9/30/2009


ding as of


continued

Appendices





Banks 306.2 -114.5 143.5 0.0 0.0 335.2

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other investment 5,841,793.7 156,727.9 -37,926.8 0.0 57,674.0 6,018,268.8

Trade credits 325,252.0 14,175.4 -1,096.8 0.0 34,770.6 373,101.2


Other sectors 325,252.0 14,175.4 -1,096.8 0.0 34,770.6 373,101.2

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 325,252.0 14,175.4 -1,096.8 0.0 34,770.6 373,101.2

Loans 4,941,838.2 121,448.5 -33,397.5 0.0 22,903.4 5,052,792.7

Monetary authorities 699,138.5 -3,850.9 -7,341.2 0.0 0.0 687,946.4

Use of Fund credit & loans from the Fund 698,073.4 -3,624.9 -7,330.0 0.0 0.0 687,118.5

Other Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 1,065.1 -226.0 -11.2 0.0 0.0 827.9

General government 2,073,914.5 112,465.8 -20,816.8 0.0 0.0 2,165,563.6

Use of Fund credit & loans from the Fund 100,290.6 0.0 -1,055.8 0.0 0.0 99,234.8

Other Long-term 1,970,147.7 111,250.3 -19,735.9 0.0 0.0 2,061,662.1

Short-term 3,476.2 1,215.5 -25.0 0.0 0.0 4,666.7

Banks 1,328,336.5 -75,062.0 -84.6 0.0 0.0 1,253,190.0

Long-term 1,188,188.7 -38,878.9 -96.7 0.0 0.0 1,149,213.2

Short-term 140,147.8 -36,183.1 12.1 0.0 0.0 103,976.9

Other sectors 840,448.6 87,895.6 -5,155.0 0.0 22,903.4 946,092.7

Long-term 772,061.7 88,768.4 -4,738.6 0.0 22,511.6 878,603.1

Short-term 68,386.9 -872.8 -416.4 0.0 391.8 67,489.6

Currency and deposits 229,412.8 21,197.0 -1,041.7 0.0 0.0 249,568.1



Banks 229,396.9 21,197.0 -1,041.5 0.0 0.0 249,552.4

Other sectors 0.0 0.0 0.0 0.0 0.0 0.0

Other liabilities 345,290.7 -93.0 -2,390.9 0.0 0.0 342,806.8

Monetary authorities 228,135.8 41.2 -2,401.6 0.0 0.0 225,775.5

Long-term 228,135.8 41.2 -2,401.6 0.0 0.0 225,775.5

of which Allocations of SDRs 228,135.8 41.2 -2,401.6 0.0 0.0 225,775.5

Short-term 0.0 0.0 0.0 0.0 0.0 0.0


Long-term 0.0 0.0 0.0 0.0 0.0 0.0


Short-term 68,328.1 -2,096.8 0.0 0.0 0.0 66,231.3

Banks 734.0 -522.2 8.3 0.0 0.0 220.1

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 734.0 -522.2 8.3 0.0 0.0 220.1

Other sectors 48,092.8 2,484.7 2.3 0.0 0.0 50,579.9

Long-term 0.0 0.0 0.0 0.0 0.0 0.0

Short-term 48,092.8 2,484.7 2.3 0.0 0.0 50,579.9

Outstan-

ding as of

9/30/2009


ding as of


ending

Appendices


Appendix 11. Gross External Debt of Georgia, 2006-2009(Thous. of USD)

12/31/2006 12/31/2007 12/31/2008 12/31/2009

General Government 1,439,301.5 1,583,222.4 2,260,849.7 2,739,607.4

Short-term 112,120.3 77,548.4 73,777.9 70,898.1

Money market instruments 0.0 0.0 0.0 0.0

Loans 3,297.8 3,610.7 4,169.3 4,666.7

Trade credits 0.0 0.0 0.0 0.0

Other debt liabilities 108,822.5 73,937.7 69,608.6 66,231.3

Arrears 108,822.5 73,937.7 69,608.6 66,231.3

Other 0.0 0.0 0.0 0.0

Long-term 1,327,181.2 1,505,674.1 2,187,071.7 2,668,709.4

Bonds and notes 0.0 0.0 507,812.5 507,812.5

Loans 1,327,181.2 1,505,674.1 1,679,259.2 2,160,896.9


Other debt liabilities 0.0 0.0 0.0 0.0

Monetary Authorities 294,690.8 254,221.4 460,821.4 913,737.6

Short-term 18.3 19.4 650.4 843.6


Loans 3.2 3.6 635.0 827.9

Currency and deposits 15.0 15.8 15.4 15.7


Long-term 294,672.6 254,202.0 460,171.1 912,894.0

Bonds and notes 0.0 0.0 0.0 0.0

Loans 294,672.6 254,202.0 460,171.1 687,118.5


Other debt liabilities 0.0 0.0 0.0 225,775.5

Banks 548,747.9 1,295,028.4 1,874,663.9 1,502,962.5

Short-term 221,317.5 399,973.2 565,556.5 353,749.4


Loans 82,598.6 164,084.2 354,965.3 103,976.9

Currency and deposits 138,518.4 233,096.1 208,955.6 249,552.4

Other debt liabilities 200.5 2,792.9 1,635.7 220.1

Arrears 0.0 0.0 0.0 0.0

Other 200.5 2,792.9 1,635.7 220.1

Long-term 327,430.4 895,055.2 1,309,107.4 1,149,213.2


Loans 327,430.4 895,055.2 1,309,107.4 1,149,213.2



Other sectors 689,975.5 851,031.9 1,098,836.6 1,369,773.8

Short-term 219,896.3 224,734.7 390,221.8 491,170.7


Loans 39,002.0 42,179.7 46,510.9 67,489.6


Trade credits 164,555.4 158,420.6 324,058.4 373,101.2


Arrears 16,339.0 24,134.5 19,652.5 50,579.9

Other 0.0 0.0 0.0 0.0

Long-term 470,079.1 626,297.2 708,614.8 878,603.1


Appendices


Loans 470,079.1 626,297.2 708,614.8 878,603.1




Non-Banking Financial Corporations 18,839.5 38,000.0 41,333.5 48,321.8

Short-term 10.6 476.4 1,373.9 2,961.5


Loans 10.6 116.4 533.9 1,641.5


Other debt liabilities 0.0 360.0 840.0 1,320.0

Arrears 0.0 360.0 840.0 1,320.0

Other 0.0 0.0 0.0 0.0

Long-term 18,829.0 37,523.7 39,959.7 45,360.3


Loans 18,829.0 37,523.7 39,959.7 45,360.3



Non-Financial corporations 671,135.9 813,031.9 1,057,503.0 1,321,452.0

Short-term 219,885.7 224,258.4 388,847.9 488,209.2


Loans 38,991.4 42,063.3 45,977.0 65,848.1

Currency and deposits 164,555.4 158,420.6 324,058.4 373,101.2


Arrears 16,339.0 23,774.5 18,812.5 49,259.9

Other 0.0 0.0 0.0 0.0

Long-term 451,250.2 588,773.5 668,655.1 833,242.7


Loans 451,250.2 588,773.5 668,655.1 833,242.7


Other debt liabilities1 0.0 0.0 0.0 0.0

Direct Investment: 826,723.9 1,798,723.3 2,102,244.0 2,138,735.0

Intercompany Lending 826,723.9 1,798,723.3 2,102,244.0 2,138,735.0

Debt liabilities to affi liate enterprises 0.0 0.0 0.0 0.0

Debt liabilities to direct investors 826,723.9 1,798,723.3 2,102,244.0 2,138,735.0

Arrears 2,265.0 25,208.6 61,476.7 163,113.8

Other 824,458.9 1,773,514.7 2,040,767.2 1,975,621.1

Gross External Debt 3,799,439.7 5,782,227.5 7,797,415.5 8,664,816.3

12/31/06 12/31/07 12/31/08 12/31/09

ending

Appendices


Countries, Country groups, geographical regions 2005 2006 2007 2008 2009

Export total 865,454.2 935,992.1 1,232,371.0 1,495,456.6 1,130,555.4

Of which:

European Union 216,688.2 225,203.7 265,095.5 333,483.3 237,546.8

Austria 1,045.9 1,798.0 4,919.2 3,001.6 1,096.0

Belgium 5,075.1 11,007.3 17,737.7 7,190.8 13,519.5

United Kingdom 31,930.5 19,460.3 23,172.5 43,515.2 8,186.2

Germany 28,380.2 39,463.2 56,155.9 33,062.6 23,025.4

Denmark 219.0 646.8 808.6 1,046.7 624.5

Spain 14,237.5 15,543.5 14,414.9 19,667.7 15,313.9

Estonia 2,781.9 1,883.9 1,442.7 970.0 1,234.2

Ireland 942.1 46.1 356.8 178.0 274.6

Italy 33,530.8 23,833.8 17,792.6 17,037.0 23,282.1

Cyprus 241.9 799.5 234.4 3,197.3 144.8

Latvia 1,745.8 3,687.0 4,502.0 5,407.6 3,431.9

Lithuania 972.5 2,942.8 6,040.2 8,763.2 9,884.8

Luxembourg 29.2 342.8 - 52.2 77.9

Malta 12.4 2.0 0.8 - 16.5

Netherlands 11,331.9 6,559.5 12,111.4 12,652.5 9,019.6

Poland 736.7 3,067.9 6,275.4 4,886.4 4,985.0

Portugal 212.0 955.0 2,311.5 128.3 1,053.0

Greece 10,411.6 5,498.0 7,006.5 5,996.2 12,258.5

France 11,545.2 12,445.2 11,613.7 39,910.1 5,817.3

Slovakia 2,899.1 1,326.3 1,561.5 912.4 191.6

Slovenia 18.9 14.8 48.8 - 1,469.1

Hungary 30.7 138.6 38.0 103.3 249.6

Finland - 183.9 6,891.8 1,060.6 587.5

Sweden 146.9 10.0 90.4 66.9 216.3

Czech Republic 6,614.2 6,095.5 6,111.2 4,349.9 7,093.1

Bulgaria 42,843.9 62,268.2 55,922.4 106,715.3 82,290.6

Romania 8,752.3 5,183.5 7,534.7 13,611.5 12,203.3

CIS 407,117.3 390,686.7 462,092.6 540,934.2 413,023.8

Armenia 39,643.0 73,595.6 110,783.7 123,359.9 88,878.1

Azerbaijan 83,429.0 88,531.0 137,455.0 203,930.3 165,633.8

Belarus 2,454.5 3,258.2 4,738.6 11,167.8 14,100.6

Kazakhstan 9,800.8 15,426.2 34,291.5 22,040.3 20,455.3

Kyrgyzstan 247.7 487.1 879.3 1,737.6 2,528.0

Moldova, Republic of 236.9 216.5 841.4 610.5 1,595.7

Russian Federation 153,724.5 75,393.3 45,596.0 29,894.8 18,079.1

Tajikistan 2,670.5 2,585.8 4,263.8 1,821.9 1,331.1

Turkmenistan 75,827.6 71,807.7 26,338.5 6,338.1 10,668.6

Ukraine 36,940.7 56,836.9 94,169.3 134,173.8 83,947.2

Uzbekistan 2,142.2 2,548.6 2,735.6 5,859.2 5,806.3

Rest of Europe 4,641.1 17,961.0 10,327.4 2,587.1 6,859.0

Albania 0.6 - 1.1 1,305.5 3,141.8

Bosnia and Herzegovina - - 5.0 22.3 1.5

Appendix 12. Exports of goods by countries, 2005-2009(Thous. of USD)

Appendices


Gibraltar 366.7 7,567.8 8,816.4 239.5 255.5

Holy See (Vatican City State) - 0.6 - - -

Liechtenstein 85.5 - - 5.8 -

Macedonia, the former Yugoslav Republic of 40.5 - 6.9 - 132.2

Norway 37.2 430.1 36.2 21.5 570.1

Serbia and Montenegro 938.0 8,017.5 91.4 47.8 298.4

Switzerland 3,170.3 1,941.5 1,367.2 933.2 2,290.6

Croatia 2.3 3.5 3.2 11.4 168.8

Rest of Asia 152,858.3 164,328.6 239,433.4 316,855.2 308,303.0

Afghanistan 886.1 753.4 1,081.5 950.3 251.1

United Arab Emirates 3,942.8 8,355.8 18,638.3 11,228.6 16,710.6

Bangladesh - - - 0.6 -

Bahrain 2.3 - - - -

Iraq 643.7 790.0 1,382.8 2,574.4 10,685.1

Viet Nam 278.3 - 6.6 6.6 184.9

Turkey 121,835.0 123,302.1 171,763.9 262,910.2 225,768.7

Japan 1,440.7 517.9 392.9 273.8 4,561.4

Yemen - 1,382.3 2,073.4 - 1.5

India 2,258.7 8,685.1 8,140.8 9,088.8 5,816.1

Indonesia - 31.9 354.2 39.6 557.2

Jordan - 3.0 6.5 - 1,096.3

Iran, Islamic Republic of 4,681.2 2,699.4 6,050.0 10,058.5 6,425.8

Israel 1,011.0 2,316.6 13,713.3 2,267.7 1,635.0

Cambodia 2.7 0.8 - 41.2 2.7

Korea, Republic of 8,010.6 740.8 3,188.7 3,296.6 5,105.8

Korea, Democratic People's Republic of 48.1 2,382.6 849.0 91.4 385.1

Lebanon - 20.0 22.2 4.6 3,869.9

Malaysia - 17.3 3.9 232.0 21.6

Mongolia 390.6 452.8 442.6 241.8 278.4

Nepal - - - - 0.2

Oman 28.1 - 2.4 - -

Pakistan 38.3 67.0 585.3 117.3 92.1

Saudi Arabia 6.8 1.5 6.3 - 9,473.2

Singapore 1,267.5 468.8 966.5 842.4 1,234.0

Syrian Arab Republic 69.3 0.1 31.1 14.6 3,400.3

Taiwan, Province of China 258.8 5.0 85.4 2,611.9 1,200.9

Thailand - 4.3 - 2.0 300.7

Philippines 1.3 - 1,280.9 256.9 198.9

Kuwait - - - 4.0 220.1

Qatar 149.4 0.8 - 528.0 1.3

Sri Lanka - - 2.7 119.1 72.2

China 5,599.1 10,351.0 8,272.5 8,992.7 5,965.5

Hong Kong 8.0 978.4 89.8 59.4 2,786.3

America 70,082.7 124,246.8 246,833.5 298,068.5 155,079.9

Argentina 1.7 5.0 - - 2.1

United States 26,748.1 58,509.9 149,036.0 102,197.6 36,933.9

Barbados - - - - 0.4

Bahamas 162.4 - - - -

Belize 85.2 65.4 1,404.8 438.2 -

Bolivia 1.1 - - - -

Brazil - 3,404.7 9,299.8 8,889.1 1.0

Guatemala - 29.1 44.6 49.5 -

Dominica 2,655.5 4,237.1 562.8 - -


continued

Appendices


Dominican Republic 0.0 172.4 93.9 - -

Ecuador - 19.3 353.4 47.1 1.2

Virgin Islands, U.S 0.8 - - 8.1 -

Virgin Islands, British 1,411.8 2,660.1 858.4 952.7 189.4

Cayman Islands 1.8 - - - -

Canada 35,640.4 48,872.4 70,603.5 131,805.5 117,224.1

Colombia - 58.8 82.6 48.6 55.1

Costa Rica - - - 1.2 -

Mexico 3,349.3 5,244.5 12,681.4 52,981.3 40.0

Nicaragua - 9.1 - - -

Panama 6.0 539.6 316.6 410.3 630.8

Peru - 211.7 1,301.3 209.7 -

EL Salvador - - - 29.5 -

Saint Vincent and the Grenadines 1.1 - - - -

Uruguay 17.4 156.2 - - 1.8

Chile - 50.7 194.3 - -

Honduras - 0.7 - - -

Africa 13,893.2 13,354.1 4,889.4 1,533.5 9,369.9

Algeria - 3,944.5 1,588.0 - -

Angola - 1,261.4 - - 3,139.4

Benin - - - - 25.0

Burkina Faso - - - - 1,863.5

Ghana - - - - 0.0

Egypt 1,219.7 910.9 2,791.1 23.4 3,477.1

Cameroon - 2.0 - - 6.7

Kenya 4.2 - - - -

Cote d'Ivoire - - - 37.0 -

Liberia 8.2 5.3 - - -

Libyan Arab Jamahiriya - - 151.0 92.0 12.6

Morocco - 17.5 - - 72.7

Mozambique - - - - -

Nigeria - - 19.0 - 0.2

Rwanda 4.3 - - - -

South Africa 38.2 1.7 64.6 138.1 93.7

Seychelles 12,592.6 7,173.8 - - -

Sierra Leone - 0.3 110.0 83.2 164.4

Somalia - - 159.8 - -

Sudan - 36.8 5.9 1,111.3 514.5

Togo - - - 48.5 -

Tunisia 26.0 - - - -

Australia and Oceania 26.5 53.0 199.2 151.7 301.5

Australia 25.5 49.0 199.2 151.7 244.2

New Zealand 0.2 - - - -

Marshall Islands 0.8 4.0 - - -

French Polynesia - - - - 57.3

Other countries 146.8 158.2 3,500.1 1,843.2 71.4


ending

Appendices



Import total 2,489,953.3 3,676,968.4 5,214,883.1 6,304,556.8 3,895,532.9

Of which:

European Union 720,484.8 1,064,229.5 1,434,978.2 1,750,685.7 1,094,116.5

Austria 18,948.0 36,598.0 54,589.7 70,169.2 47,558.0

Belgium 25,580.5 37,167.2 45,450.4 61,299.8 35,727.6

Bulgaria 56,745.1 83,964.4 111,588.0 124,089.7 78,559.8

Cyprus 1,733.8 2,875.7 2,851.9 2,955.6 1,446.2

Czech Republic 16,577.6 34,578.6 43,418.2 57,955.1 40,938.3

Denmark 7,063.2 10,663.8 13,802.2 13,189.0 9,994.9

Estonia 1,142.8 993.4 2,234.9 3,044.1 1,552.6

Finland 13,250.3 26,563.7 37,689.1 41,343.5 10,917.8

France 60,924.8 68,731.8 101,027.3 98,170.6 56,140.2

Germany 206,665.4 350,995.0 387,023.6 496,637.4 265,781.3

Greece 18,591.0 22,865.8 52,861.1 57,545.4 56,024.6

Hungary 14,339.1 20,170.8 27,088.0 34,656.7 19,676.2

Ireland 4,329.5 6,679.3 5,043.8 7,071.4 4,402.4

Italy 64,422.4 102,095.9 143,854.5 183,115.2 113,397.7

Latvia 6,195.1 6,368.8 8,341.6 10,916.0 15,435.6

Lithuania 5,014.1 9,321.3 15,851.2 25,782.9 16,001.1

Luxembourg 939.5 934.7 2,955.7 3,054.3 2,564.2

Malta - 803.9 2,230.7 3,964.7 1,130.1

Netherlands 53,086.2 75,615.9 101,738.7 134,052.7 85,164.2

Poland 13,657.3 20,628.8 41,354.5 51,514.4 32,555.5

Portugal 3,139.9 2,884.1 4,889.6 5,613.2 2,679.9

Romania 40,694.3 40,768.9 90,206.2 92,433.0 100,743.8

Slovakia 2,773.3 4,518.8 3,792.8 8,563.3 2,530.1

Slovenia 4,054.4 5,551.4 7,720.9 11,408.1 6,806.0

Spain 8,450.9 15,276.5 23,179.5 34,683.5 20,830.0

Sweden 9,623.0 13,611.5 32,439.7 27,664.3 13,914.2

United Kingdom 62,543.4 63,001.5 71,754.4 89,792.4 51,644.2

CIS 977,930.0 1,383,788.7 1,748,817.9 2,000,013.0 1,112,862.9

Armenia 39,360.1 40,242.1 59,557.5 72,077.3 36,939.4

Azerbaijan 233,417.9 318,517.5 382,367.2 607,316.4 331,787.5

Belarus 6,766.2 25,675.2 28,872.9 34,645.6 25,149.6

Kazakhstan 11,551.4 25,384.1 63,819.1 54,754.9 19,147.8

Kyrgyzstan 481.5 1,858.6 1,167.8 1,166.2 900.7

Moldova, Republic of 4,019.7 3,520.7 3,810.2 4,299.2 3,528.6

Russian Federation 383,100.0 557,927.9 576,604.1 426,326.1 258,150.9

Tajikistan 41.7 90.7 30.5 297.5 213.8

Turkmenistan 95,067.4 101,061.5 149,901.8 135,024.1 64,156.0

Ukraine 200,797.5 303,218.6 471,630.4 656,770.4 369,541.2

Uzbekistan 3,326.5 6,291.8 11,056.4 7,335.2 3,347.4

Rest of Europe 26,910.7 41,756.8 72,963.7 78,597.0 41,016.1

Albania 19.8 - 49.1 14.1 0.1

Andorra 168.4 213.2 294.2 125.2 74.3

Appendix 13. Imports of goods by countries, 2005-2009(Thous. of USD)

Appendices


Bosnia and Herzegovina 1,099.7 474.7 7.9 175.6 80.7

Croatia 4,248.9 1,665.9 2,908.0 2,711.2 4,128.1

Faroe Islands - - - - 57.8

Gibraltar 6.9 558.1 476.2 252.0 101.6

Iceland 61.4 0.5 7.6 77.3 12.3

Liechtenstein 62.2 22.0 536.0 19,367.5 1,684.2

Macedonia, the former Yugoslav Republic of 24.0 85.2 0.8 65.1 28.2

Monaco 82.6 9.8 27.8 101.9 22.4

Norway 2,457.1 4,033.4 2,592.6 3,399.8 3,270.0

San Marino 8.0 34.8 60.6 48.2 35.6

Serbia and Montenegro 1,167.8 1,975.1 2,142.5 2,074.2 1,081.5

Switzerland 17,503.7 32,684.1 63,860.5 50,185.0 30,439.4

Rest of Asia 472,271.9 884,580.6 1,362,398.0 1,860,836.8 1,064,613.4

Afghanistan 3.3 57.9 9.8 6.2 10.9

Bahrain - 4.5 - 6.2 -

Bangladesh - 29.7 156.7 84.2 87.4

Bhutan - 1.1 - - -

British Indian Ocean Territory - 107.5 - - -

Brunei Darussalam - - - 6.1 -

Cambodia 3.3 20.1 13.8 5.7 -

China 46,492.0 103,303.0 206,695.3 296,435.7 138,832.0

Hong Kong 1,248.9 2,287.5 4,407.0 22,760.0 27,862.5

India 8,335.2 11,836.6 32,134.1 30,852.2 24,865.6

Indonesia 1,716.1 2,332.4 3,888.1 7,514.7 6,157.5

Iran, Islamic Republic of 25,999.8 40,301.3 51,732.8 52,080.4 26,804.1

Iraq 1.4 132.3 21.0 4.6 148.9

Israel 9,303.4 22,189.0 23,850.3 24,672.7 17,592.8

Japan 8,337.0 39,540.6 55,749.9 119,765.0 54,340.6

Jordan 164.4 60.5 186.9 1,193.1 531.5

Korea, Democratic People's Republic of 97.5 353.2 456.7 1,737.9 293.3

Korea, Republic of 5,123.8 12,420.3 23,159.3 46,124.2 15,034.0

Kuwait 35.9 234.1 849.6 2,087.0 551.6

Lao People's Democratic Republic - - 0.6 - -

Lebanon 271.2 261.9 198.2 583.4 130.1

Malaysia 424.0 745.1 3,191.0 4,610.3 2,734.5

Mongolia 1.9 - 19.7 - -

Nepal 1.9 1.0 1.0 0.7 -

Oman 524.6 380.3 590.2 3,516.6 964.0

Pakistan 93.4 445.9 288.0 156.6 167.1

Philippines - 46.6 10.2 190.3 94.8

Qatar - - 9.7 74.1 -

Saudi Arabia 19.7 188.8 54.5 178.1 383.6

Singapore 945.4 2,243.9 6,696.3 9,612.4 6,195.3

Sri Lanka 539.4 459.3 1,002.7 1,142.9 906.3

Syrian Arab Republic 2,538.4 2,534.7 2,740.6 7,193.5 2,350.5

Taiwan, Province of China 2,492.6 4,749.4 7,408.5 9,335.3 6,266.0

Thailand 1,181.7 3,972.4 7,158.9 12,527.8 9,144.9

Turkey 282,920.6 522,388.4 711,877.8 921,854.9 620,678.0

United Arab Emirates 72,988.2 109,123.8 214,717.4 276,880.4 93,248.5

Viet Nam 466.7 1,827.7 3,109.4 7,643.6 8,234.0

Yemen - - 11.6 - 2.9

America 243,653.8 204,662.8 289,715.3 501,366.8 270,235.0

Antigua and Barbuda - - - 95.5 80.8


continued

Appendices


Argentina 1,053.0 941.8 2,711.2 3,687.5 3,290.5

Bahamas - 62.8 - 362.4 0.3

Belize 52.7 397.5 74.8 141.3 4.1

Bermuda 70.1 - 41.1 - -

Brazil 77,021.9 52,267.2 82,118.6 104,182.4 70,520.0

Canada 7,105.8 14,294.8 12,261.9 17,936.0 11,905.8

Chile 41.2 653.8 288.5 1,228.3 1,162.7

Colombia 3,978.3 102.2 252.3 65.0 729.7

Costa Rica - 464.8 1,480.9 - 149.0

Cuba - - 4.0 5,233.4 137.7

Dominica 560.9 6.3 - - -

Dominican Republic 1,606.1 - - - -

Ecuador 2,236.7 1,805.8 2,578.7 4,241.6 5,999.6

EL Salvador 193.4 - 169.3 53.0 -

French Guiana 20.5 - - - -

Grenada 21.3 - - - -

Guatemala - - - - 95.7

Honduras 36.8 107.0 - 63.2 58.1

Jamaica 4.0 - - 2.6 10.1

Mexico 14.3 0.3 35.5 19.0 44.0

Netherlands Antilles 11.3 17.9 - 71.0 -

Panama 238.7 156.1 792.7 2,196.3 953.5

Paraguay - - 138.8 - -

Peru - 310.9 1,338.4 196.0 121.3

Puerto Rico - 1.1 - - -

Turks and Caicos Islands - - - 125.6 -

United States 146,780.4 129,527.6 184,155.9 357,939.7 174,057.5

Uruguay 1.4 386.2 402.7 104.6 466.5

Venezuela 9.9 - - - -

Virgin Islands, British 1,136.7 3,007.5 870.1 3,350.4 448.0

Virgin Islands, U.S 1,458.6 151.2 - 72.0 -

Africa 4,178.0 9,755.2 33,443.2 45,150.3 7,081.5

Algeria 3.5 9.6 - - -

Burkina Faso - - - 429.1 -

Burundi - 58.0 - - -

Cameroon 120.9 - - - 23.4

Congo - - - - 53.7

Cote d'Ivoire 3.6 29.7 5,575.0 5,574.1 -

Egypt 1,733.0 7,688.4 9,807.1 4,384.2 2,050.1

Equatorial Guinea 1.0 - - - -

Ethiopia - 0.6 - - -

Gabon - - - 2,348.0 -

Ghana - - 12,569.4 28,133.4 1,291.5

Guinea 38.5 - - - -

Kenya 124.9 - - 1.1 -

Libyan Arab Jamahiriya - - - 6.8 -

Malawi - - 146.9 - -

Mali - - - - 4.8

Mauritania - - 38.4 - 4.2

Mauritius - - - 26.4 76.4

Morocco 54.7 127.9 2,670.1 369.6 39.3

Mozambique - 0.8 - 6.0 -

Nigeria 6.6 - - 42.8 39.0


continued

Appendices


Rwanda 0.7 - - - -

Saint Helena - 2.2 - - -

Senegal 13.0 - - - -

Seychelles 142.4 132.7 0.2 1,268.0 -

Sierra Leone - - - - 47.5

South Africa 1,933.3 1,580.4 2,577.2 2,142.3 3,406.7

Sudan - 0.8 - 289.0 -

Swaziland - - - 39.0 -

Tanzania, United Republic of - - 58.8 72.3 34.0

Togo - - - 1.0 -

Tunisia - 0.2 - - -

Uganda - - - 17.3 10.9

Zambia 2.0 - - - -

Zimbabwe - 123.8 - - -

Australia and Oceania 4,746.1 9,569.8 9,336.0 9,272.5 11,670.2

Australia 2,604.6 1,642.8 1,113.5 2,086.3 6,020.3

French Polynesia 3.7 - - - 5.6

Nauru - 1.7 - - -

New Zealand 2,095.9 7,925.4 8,222.5 7,186.2 5,644.2

Niue 42.0 - - - -

Other countries 39,778.0 78,625.0 263,230.9 58,634.7 293,937.2


ending

Appendices


Appendix 14. Exports by commodity groups, 2005-2009 (Thous. of USD)

Code Prod. name 2005 2006 2007 2008 2009

Total exports 865,454.2 935,992.1 1,232,371.0 1,495,456.6 1,130,555.4

Of which:

01 Live animals 15.6 1.7 42.7 1,101.9 33,984.8

02 Meat and edible meat off al 533.0 760.0 1,557.9 786.1 292.5

03 Fish, crustaceans and molluscs 992.3 904.4 1,948.5 6,081.0 4,484.2

04 Dairy products; Birds' eggs; Natural honey 2,625.5 742.3 1,565.8 629.8 1,316.9

05 Products of animals origin, not elsewhere specifi ed 0.4 0.0 20.7 42.1 41.6

06 Live trees and other plants, fl owers and decorative grass 873.6 572.6 990.2 1,238.9 541.9

07 Edible vegetables and certain roots and tubers 1,053.6 1,151.4 852.2 1,435.9 2,599.1

08 Edible fruit and nuts; Peel of melons or citrus 76,937.3 61,668.8 72,181.3 43,498.4 90,087.8

09 Coff ee, tea, mate and spices 5,199.5 3,195.0 3,376.0 3,634.2 4,763.3

10 Cereals 6,152.6 11,822.2 12,732.4 5,208.0 4,591.2

11 Products of the milling industry; Malt; Starches; Wheat gluten 1,926.9 428.5 2,846.5 4,229.3 944.2

12 Oil seeds and oleaginous fruits; Industrial or medicinal plants 2,579.0 1,954.1 2,319.5 4,120.6 23,310.0

13 Lacs and other vegetable saps and extracts 215.9 65.8 219.3 81.4 112.5

14 Vegetable products and plaiting materials not elsewhere specifi ed or included 42.1 44.2 56.7 188.6 58.4

15 Animal or vegetable fats and oils and their cleavage products 203.0 95.9 1,800.1 2,011.5 397.5

16 Preparations of meat, of fi sh or of other aquatic invertebrates 41.3 3.9 51.6 37.7 60.4

17 Sugars and sugar confectionery 30,571.4 19,241.9 29,047.1 8,457.6 980.4

18 Cocoa and cocoa preparations 1,094.5 1,076.2 734.7 668.9 390.5

19 Preparations of cereals, pastrycooks' products 84.4 1.4 117.2 23.0 36.4

20 Preparations of vegetables, fruit, or other parts of plants 5,445.4 6,829.3 15,681.3 11,156.1 3,844.9

21 Miscellaneous edible preparations 829.9 1,014.7 468.1 9,872.9 8,356.9

22 Beverages, spirits and vinegar 164,356.7 119,557.8 143,412.3 138,444.0 123,776.4

23 Residues from the food industries, prepared animal fodder 782.8 3,702.9 6,531.4 6,954.8 11,490.1

24 Tobacco and manufactured tobacco substitutes 1,345.8 59.6 59.2 1.1 9.5

25 Salt; Sulphur; earths and stone; Plastering material, cement 18,461.5 29,853.4 65,265.0 81,312.1 23,497.5

26 Ores, slag and ash 38,386.9 81,666.7 79,639.6 123,474.9 67,518.2

27 Mineral fuels and products of their distillation; Bituminous substances; Waxes 27,981.8 29,451.3 45,901.8 45,601.7 41,451.7

28 Inorganic chemicals: compounds of precious metals, of radio-active elements 7,358.9 9,342.2 12,401.4 10,733.0 9,196.2

29 Organic chemicals 367.6 495.6 416.1 850.2 377.4

30 Pharmaceutical products 4,009.0 9,652.7 26,379.2 23,906.9 25,385.7

31 Fertilizers 35,838.6 46,632.4 57,022.2 105,519.4 60,213.9

32 Tanning or dyeing extracts; Others colouring matter, inks 1,050.9 275.1 1,895.6 441.2 368.9

33 Essential oils and resinoids; Perfumery or toilet preparations 8,295.3 8,131.3 12,852.0 9,522.9 8,291.6

34 Soap, washing preparations, candles and similar articles, waxes 966.3 955.0 3,156.1 2,425.0 1,511.3

35 Albuminoidal substances; Modifi ed starches; Glues; Enzymes 0.1 60.2 50.0 61.8 91.1

36 Explosives; Pyrotechnic products; Certain combustible preparations 58.5 945.9 810.5 727.8 1,507.0

37 Photo- or cinematographic good 52.6 13.9 483.9 132.7 125.8

38 Miscellaneous chemical products 509.9 1,236.6 2,405.2 2,925.2 2,016.9

39 Plastics and articles thereof 472.5 1,338.3 1,871.7 1,219.8 1,508.6

40 Rubber and articles thereof 174.5 1,131.0 683.3 1,038.6 362.6

41 Raw hides and skins and leather 1,510.5 2,098.3 3,255.1 2,305.2 1,517.5

42 Articles of leather 168.0 333.2 382.5 446.2 688.2

43 Furskins and artifi cial fur; Manufactures thereof - 48.0 1.7 1.8 13.1

Appendices


44 Wood and articles of wood; Wood charcoal 16,261.5 18,669.0 22,807.2 22,563.6 22,758.5

45 Cork and articles of cork 43.5 38.7 25.5 29.3 31.2

46 Manufactures of straw, of esparto or of other plaiting materials 0.7 - 0.2 0.3 0.4

47 Pulp of wood or of other fi brous cellulosic material - 0.0 0.8 2.4 2.2

48 Paper and paperboard; Articles thereof 625.4 701.0 2,183.7 2,657.6 2,108.2

49 Printed books, newspapers and other products of the printing industry 263.3 1,617.3 504.1 589.4 969.4

50 Silk 7.0 - 0.3 - 0.3

51 Wool, fi ne or coarse animal hair; Horsehair yarn and woven fabric 62.3 5.1 140.9 427.6 225.5

52 Cotton - 15.0 70.4 277.1 35.0

53 Other vegetable textile fi bres; Paper yarn - 4.1 1.7 35.0 21.6

54 Man-made fi laments 1.9 93.6 0.5 114.5 155.9

55 Man-made staple fi bres 124.6 0.1 17.2 31.8 178.8

56 Wadding, felt and non-wovens; Special yarns and articles thereof 11.7 1.1 65.7 27.9 177.0

57 Carpets and other textile fl oor coverings 5.9 49.2 29.0 50.2 127.1

58 Special woven fabrics; Tufted textile fabrics; Embroidery 4.1 1.3 0.8 7.6 14.6

59 Impregnated or laminated textile fabrics; Textile articles for industrial use 3.3 3.6 13.0 25.1 3.7

60 Knitted or crocheted fabrics 0.2 1.8 21.6 78.8 58.2

61 Articles of apparel and clothing accessories, knitted or croche-ted 299.8 1,102.0 2,800.5 4,826.8 8,585.6

62 Articles of apparel and clothing accessories, not knitted or crochet 8,220.6 10,489.1 12,066.4 14,823.0 15,453.2

63 Other made up textile articles; Sets; Worn clothing; Rags 219.5 222.1 1,088.6 408.9 228.4

64 Footwear, gaiters and the like; Parts thereof 131.0 206.6 764.6 1,098.4 1,111.7

65 Headgear and parts thereof 2.5 45.8 11.5 52.1 57.9

66 Umbrellas, sticks, whips and parts thereof 11.2 88.0 45.1 23.7 63.1

67 Prepared feathers and articles thereof 0.2 8.6 0.0 0.2 0.4

68 Articles of stone, plaster, cement or similar materials 263.1 208.7 209.2 301.2 706.5

69 Ceramic products 388.1 843.3 1,905.6 170.5 2,328.2

70 Glass and glassware 452.5 4,248.2 7,431.7 2,998.5 1,621.8

71 Pearls, precious or semi-precious stones, and articles thereof 39,413.6 52,442.1 70,452.9 105,081.2 117,792.2

72 Iron and steel 167,709.8 164,828.5 259,010.6 410,464.5 197,049.9

73 Articles of iron or steel 4,074.5 4,417.6 8,524.6 15,581.5 5,047.3

74 Copper and articles thereof 11,624.4 30,179.9 37,218.0 29,729.8 19,107.6

75 Nickel and articles thereof - 53.2 161.9 - -

76 Aluminium and articles thereof 11,842.1 15,918.0 20,548.3 14,805.8 6,833.6

77 Mixed good 146.8 158.2 3,500.1 1,843.2 71.4

78 Lead and articles thereof 538.2 1,129.2 4,578.7 4,172.4 2,705.9

79 Zinc and articles thereof 86.5 272.6 438.9 326.6 309.8

80 Tin and articles thereof 0.0 - 4.2 - 0.3

81 Other base metals; Cermets; Articles thereof 146.6 454.9 28.0 4.3 134.2

82 Tools of base metal; Parts thereof 162.2 868.8 1,944.3 957.6 286.6

83 Miscellaneous articles of base metal 245.7 173.6 263.0 510.5 633.1

84 Nuclear reactors, boilers, machinery and mechanical appliances; Parts thereof 29,708.4 31,012.0 32,925.9 19,600.4 20,901.6

85 Electrical machinery and equipment and parts thereof 5,074.8 7,043.4 11,125.9 9,768.1 8,275.5

86 Locomotives and parts thereof; Traffi c signalling equipment of all kinds 2,944.9 4,145.0 16,879.7 38,485.4 15,244.3

87 Vehicles other than railway or tramway rolling-stock, and parts thereof 24,648.3 59,223.6 75,958.3 118,752.7 84,354.0

88 Aircraft, spacecraft, and parts thereof 78,197.9 49,933.9 14,148.5 2,636.8 16,825.9

Code Prod. name 2005 2006 2007 2008 2009

continued

Appendices


89 Ships, boats and fl oating structures 6,106.4 7,749.3 1,989.2 1,554.0 5,984.4

90 Optical, measuring, checking, medical instruments and apparatus 1,187.4 5,990.8 1,801.0 1,541.9 2,740.5

91 Clocks and watches and parts thereof 46.4 130.9 101.7 35.2 86.6

92 Musical instruments; Parts and accessories of such articles 32.3 16.2 51.1 54.2 34.6

93 Arms and ammunition; Parts and accessories thereof 2.5 0.9 0.3 1.1 0.1

94 Furniture; Lighting fi ttings and the like; Prefabricated buildings 4,143.4 2,195.0 3,913.3 3,275.1 5,514.8

95 Toys, games and sports requisites; Parts and accessories thereof 183.2 95.8 355.7 939.9 261.9

96 Miscellaneous manufactured articles 184.1 303.8 586.1 787.7 553.4

97 Works of art, collectors' pieces and antiques 33.7 36.3 169.0 375.0 666.4

Code Prod. name 2005 2006 2007 2008 2009

ending

Appendices


Appendix 15. Imports by commodity groups, 2005-2009 (Thous. of USD)

Code Prod. name 2005 2006 2007 2008 2009

Total Imports 2,489,953.3 3,676,968.4 5,214,883.1 6,304,556.8 3,895,532.9

Of which:

01 Live animals 564.3 1,592.9 4,039.6 6,474.8 2,060.7

02 Meat and edible meat off al 21,135.3 41,630.6 60,358.2 78,241.9 55,539.0

03 Fish, crustaceans and molluscs 8,109.4 21,686.0 27,984.8 31,029.3 21,820.5

04 Dairy products; Birds' eggs; Natural honey 26,814.2 31,508.9 31,677.4 33,293.5 21,957.9


06 Live trees and other plants, fl owers and decorative grass 1,031.6 1,440.7 6,124.0 6,037.1 5,344.8

07 Edible vegetables and certain roots and tubers 4,515.6 17,916.1 32,867.8 23,706.3 17,220.4


09 Coff ee, tea, mate and spices 7,178.6 9,811.4 14,454.7 17,375.1 15,032.7

10 Cereals 50,000.1 109,639.7 150,012.8 120,639.7 106,189.2

11 Products of the milling industry; Malt; Starches; Wheat gluten 54,599.8 39,648.7 59,324.7 91,911.2 23,992.8

12 Oil seeds and oleaginous fruits; Industrial or medicinal plants 3,770.8 2,365.2 7,694.7 6,096.1 31,242.8

13 Lacs and other vegetable saps and extracts 223.2 329.3 573.8 1,097.7 345.4


15 Animal or vegetable fats and oils and their cleavage products 32,472.3 36,785.8 46,713.1 71,944.4 44,386.0

16 Preparations of meat, of fi sh or of other aquatic invertebrates 12,432.1 18,858.8 24,342.5 30,169.5 20,580.2

17 Sugars and sugar confectionery 87,141.1 76,570.4 103,871.5 80,959.7 61,444.5

18 Cocoa and cocoa preparations 25,247.1 34,202.9 42,023.5 50,301.3 35,200.1

19 Preparations of cereals, pastrycooks' products 20,219.9 24,999.5 33,336.4 45,657.2 30,902.9


21 Miscellaneous edible preparations 17,844.1 23,033.0 41,004.1 59,940.7 47,101.6


23 Residues from the food industries, prepared animal fodder 5,512.0 12,686.7 21,094.7 21,102.6 18,216.1

24 Tobacco and manufactured tobacco substitutes 23,268.5 38,086.0 56,273.6 80,774.9 69,144.1


26 Ores, slag and ash 188.4 2,536.9 21,419.3 74,589.0 9,964.5

27 Mineral fuels and products of their distillation; Bituminous substances; Waxes 495,633.5 713,328.2 916,401.2 1,091,690.2 675,105.7


29 Organic chemicals 3,515.4 4,445.5 7,440.7 11,503.9 8,176.2


31 Fertilizers 838.8 898.7 2,153.5 2,978.2 2,801.5

32 Tanning or dyeing extracts; Others colouring matter, inks 14,523.6 24,370.6 31,336.6 37,154.8 25,780.8


34 Soap, washing preparations, candles and similar articles, waxes 18,882.7 29,766.1 37,533.1 46,246.0 34,996.4

35 Albuminoidal substances; Modifi ed starches; Glues; Enzymes 2,496.4 4,968.0 6,766.8 7,018.8 5,130.0

36 Explosives; Pyrotechnic products; Certain combustible prepa-rations 2,452.6 3,320.3 3,487.5 4,071.5 4,092.4

37 Photo- or cinematographic good 1,103.4 2,133.2 3,364.3 3,533.4 2,361.0

38 Miscellaneous chemical products 15,895.6 19,232.6 27,403.8 32,159.8 31,408.8

39 Plastics and articles thereof 56,055.4 102,753.8 146,320.4 178,337.5 119,304.2

40 Rubber and articles thereof 26,294.8 34,134.4 43,177.3 53,096.1 30,647.8

41 Raw hides and skins and leather 645.5 1,180.7 1,365.0 975.6 664.3

42 Articles of leather 3,468.1 7,671.7 9,383.5 11,367.4 6,813.9

Appendices


43 Furskins and artifi cial fur; Manufactures thereof 108.2 426.7 675.6 835.6 322.2


45 Cork and articles of cork 3,602.9 2,633.4 3,609.2 3,703.1 1,746.7

46 Manufactures of straw, of esparto or of other plaiting materials 48.8 104.0 229.5 176.9 167.6

47 Pulp of wood or of other fi brous cellulosic material 90.6 93.3 94.0 113.3 146.5

48 Paper and paperboard; Articles thereof 46,469.8 61,732.6 79,727.5 102,113.2 76,395.1

49 Printed books, newspapers and other products of the printing industry 9,798.7 14,978.3 22,071.9 26,900.7 17,866.0

50 Silk 98.2 285.0 165.0 53.5 134.1

51 Wool, fi ne or coarse animal hair; Horsehair yarn and woven fabric 458.6 631.3 1,124.9 1,524.4 962.3

52 Cotton 3,849.6 4,775.2 7,908.1 8,369.9 4,415.7

53 Other vegetable textile fi bres; Paper yarn 263.5 1,896.7 1,756.4 1,330.2 944.0

54 Man-made fi laments 4,287.2 4,210.0 5,843.8 4,467.8 3,956.4

55 Man-made staple fi bres 2,479.6 6,904.3 10,135.4 8,885.9 6,133.0

56 Wadding, felt and non-wovens; Special yarns and articles thereof 3,441.2 7,052.8 8,338.6 8,931.8 6,269.4

57 Carpets and other textile fl oor coverings 2,116.3 4,751.4 6,556.1 8,543.6 5,257.0

58 Special woven fabrics; Tufted textile fabrics; Embroidery 329.1 1,229.2 1,999.2 1,995.7 1,423.9

59 Impregnated or laminated textile fabrics; Textile articles for industrial use 1,179.7 2,801.4 2,897.7 3,254.5 2,868.2

60 Knitted or crocheted fabrics 1,106.7 2,552.7 3,097.9 4,194.8 4,181.6

61 Articles of apparel and clothing accessories, knitted or croche-ted 10,567.7 33,293.3 37,043.7 41,432.0 28,936.9


63 Other made up textile articles; Sets; Worn clothing; Rags 14,948.9 29,096.7 40,506.5 40,082.1 27,201.3

64 Footwear, gaiters and the like; Parts thereof 14,878.7 27,413.9 43,808.9 44,977.7 31,410.3

65 Headgear and parts thereof 1,303.1 2,155.7 1,892.8 1,706.4 849.8

66 Umbrellas, sticks, whips and parts thereof 561.5 1,057.1 1,178.0 858.0 726.4


68 Articles of stone, plaster, cement or similar materials 11,076.3 23,628.2 25,219.6 33,349.5 23,150.4

69 Ceramic products 21,322.2 34,576.0 51,214.9 63,075.4 35,235.0

70 Glass and glassware 24,910.1 33,217.3 45,777.1 52,000.4 36,760.8

71 Pearls, precious or semi-precious stones, and articles thereof 3,146.7 7,116.3 6,365.1 17,378.1 5,731.6

72 Iron and steel 44,845.4 74,665.2 162,346.0 232,629.4 76,935.2



75 Nickel and articles thereof 20.6 159.6 162.4 126.0 122.4


77 Mixed good 39,778.0 78,625.0 263,230.9 58,634.7 293,937.2

78 Lead and articles thereof 23.8 91.4 136.6 94.1 93.6


80 Tin and articles thereof 45.2 104.5 23.8 101.3 40.8


82 Tools of base metal; Parts thereof 6,802.8 9,262.5 13,541.4 14,541.7 8,932.1

83 Miscellaneous articles of base metal 11,460.3 14,260.7 22,266.8 29,219.6 18,330.0





Code Prod. name 2005 2006 2007 2008 2009

continued

Appendices


88 Aircraft, spacecraft, and parts thereof 56,707.2 19,099.3 36,180.4 3,526.4 1,806.0

89 Ships, boats and fl oating structures 2,293.7 4,971.2 2,576.6 10,897.8 3,402.6

90 Optical, measuring, checking, medical instruments and apparatus 64,427.8 67,065.9 85,862.4 94,906.4 49,757.0

91 Clocks and watches and parts thereof 1,110.6 1,893.1 3,581.8 3,777.2 1,568.1

92 Musical instruments; Parts and accessories of such articles 780.5 655.3 2,250.2 376.3 348.6



95 Toys, games and sports requisites; Parts and accessories thereof 9,590.3 30,908.3 30,037.8 27,730.5 13,461.1

96 Miscellaneous manufactured articles 4,581.1 6,388.5 9,828.3 10,194.6 6,465.2

97 Works of art, collectors' pieces and antiques 80.2 1,133.0 381.4 404.5 732.4

Code Prod. name 2005 2006 2007 2008 2009

ending

Appendices


Appendix 16. Exports of goods to Turkey 2005-2009(Thous. of USD)

Code Prod. name 2005 2006 2007 2008 2009

Total exports to Turkey 121,835.0 123,302.1 171,763.9 262,910.2 225,768.7

Of which:

02 Meat and edible meat off al 1.8 0.1 159.6 - -

03 Fish, crustaceans and molluscs 612.6 454.1 1,412.3 2,929.7 2,381.9

04 Dairy products; Birds' eggs; Natural honey 335.8 0.1 703.4 - -

05 Products of animals origin, not elsewhere specifi ed 0.4 - - - -

06 Live trees and other plants, fl owers and decorative grass 98.4 89.6 207.5 225.0 104.8

07 Edible vegetables and certain roots and tubers 25.2 0.1 - - 3.5

08 Edible fruit and nuts; Peel of melons or citrus 0.1 77.0 - 186.8 2,288.1

09 Coff ee, tea, mate and spices 17.8 16.6 - 197.3 617.3

11 Products of the milling industry; Malt; Starches; Wheat gluten 0.1 0.0 - 153.4 -

12 Oil seeds and oleaginous fruits; Industrial or medicinal plants - - - 242.6 21,311.0

14 Vegetable products and plaiting materials not elsewhere specifi ed or included - 0.5 23.3 57.2 48.6

15 Animal or vegetable fats and oils and their cleavage products 153.3 - 300.1 469.7 0.2

16 Preparations of meat, of fi sh or of other aquatic invertebrates 0.1 0.0 - - -

17 Sugars and sugar confectionery 249.7 0.0 16.6 - -

18 Cocoa and cocoa preparations 310.2 - - 32.2 181.8

19 Preparations of cereals, pastrycooks' products 0.1 0.0 - 23.0 0

20 Preparations of vegetables, fruit, or other parts of plants 0.0 454.8 - - 0

21 Miscellaneous edible preparations 0.0 0.0 - - -

22 Beverages, spirits and vinegar 39.8 33.8 747.5 148.3 113.3

23 Residues from the food industries, prepared animal fodder 262.3 - 1,862.9 1,899.9 5,944.8

24 Tobacco and manufactured tobacco substitutes - 0.9 - 0.1 0.4

25 Salt; Sulphur; earths and stone; Plastering material, cement - 25.9 123.8 1.0 54.2

26 Ores, slag and ash 4,118.0 3,201.4 24.3 27.6 105.7


28 Inorganic chemicals: compounds of precious metals, of radio-active elements 19.4 480.2 471.8 4.0 32.9

29 Organic chemicals 0.0 - - 0.8 -

30 Pharmaceutical products 9.5 8.1 101.4 22.2 1.6

31 Fertilizers 331.8 1,399.8 110.2 6,522.4 3,203.8

32 Tanning or dyeing extracts; Others colouring matter, inks - - - - 6.0

33 Essential oils and resinoids; Perfumery or toilet preparations 920.0 0.0 87.9 537.1 287.0

34 Soap, washing preparations, candles and similar articles, waxes 14.5 1.1 65.8 9.1 13.9

Appendices


Code Prod. name 2005 2006 2007 2008 2009

continued

36 Explosives; Pyrotechnic products; Certain combustible prepa-rations - - - 231.6 -

37 Photo- or cinematographic good - - 40.0 27.0 -

38 Miscellaneous chemical products 47.7 88.9 125.3 297.5 268.6

39 Plastics and articles thereof 6.5 56.3 5.9 13.6 145.0

40 Rubber and articles thereof - 7.0 0.3 18.7 33.8

41 Raw hides and skins and leather 1,394.7 1,908.6 3,079.3 2,208.0 1,404.1

42 Articles of leather - 0.2 0.0 0.1 0.0


47 Pulp of wood or of other fi brous cellulosic material - - 0.8 2.2 2.2

48 Paper and paperboard; Articles thereof 17.1 5.1 24.0 2.7 6.8

49 Printed books, newspapers and other products of the printing industry - 3.3 84.5 0.1 1.5

51 Wool, fi ne or coarse animal hair; Horsehair yarn and woven fabric 62.0 3.5 - - 3.7

52 Cotton - 15.0 62.7 275.2 22.1

53 Other vegetable textile fi bres; Paper yarn - 4.1 1.7 35.0 18.2

54 Man-made fi laments - - - 113.8 86.9

55 Man-made staple fi bres - - 15.1 7.5 61.9


57 Carpets and other textile fl oor coverings - 34.4 - - 75.5

58 Special woven fabrics; Tufted textile fabrics; Embroidery - - - 5.8 11.0

59 Impregnated or laminated textile fabrics; Textile articles for industrial use - - - 8.2 1.3

60 Knitted or crocheted fabrics - - 14.7 78.4 58.2

61 Articles of apparel and clothing accessories, knitted or croche-ted 186.3 865.4 2,471.9 4,476.4 8,444.4


63 Other made up textile articles; Sets; Worn clothing; Rags - 6.5 263.0 25.8 3.0

64 Footwear, gaiters and the like; Parts thereof - 24.9 264.2 0.3 2.9

65 Headgear and parts thereof - 0.1 0.5 - 0.1

68 Articles of stone, plaster, cement or similar materials - 2.2 3.9 9.6 19.3

69 Ceramic products - 3.5 86.2 0.2 1,967.4

70 Glass and glassware - 2,945.0 6,296.9 142.8 0.5

71 Pearls, precious or semi-precious stones, and articles thereof - 0.1 0.0 241.1 328.7

72 Iron and steel 77,257.8 61,427.2 89,261.8 182,905.7 136,697.1

73 Articles of iron or steel 48.6 254.8 151.4 1,669.4 261.4



78 Lead and articles thereof 392.7 541.5 2,447.6 2,172.1 242.2

Appendices


Code Prod. name 2005 2006 2007 2008 2009

ending


81 Other base metals; Cermets; Articles thereof - 14.3 - - -

82 Tools of base metal; Parts thereof - 44.2 39.7 3.8 19.3

83 Miscellaneous articles of base metal - 0.5 4.8 - 0.8


85 Electrical machinery and equipment and parts thereof 16.6 230.3 277.9 1,699.2 857.1

86 Locomotives and parts thereof; Traffi c signalling equipment of all kinds - 4.0 - - 2.0

87 Vehicles other than railway or tramway rolling-stock, and parts thereof 100.5 8,412.6 7,147.6 9,281.6 4,215.2

88 Aircraft, spacecraft, and parts thereof - - 1,095.1 - -

89 Ships, boats and fl oating structures - - - - 4.5

90 Optical, measuring, checking, medical instruments and apparatus 0.5 28.7 47.0 22.5 104.2

92 Musical instruments; Parts and accessories of such articles - 1.9 3.0 0.3 1.5

94 Furniture; Lighting fi ttings and the like; Prefabricated buildings 53.6 30.7 108.6 9.9 24.4

95 Toys, games and sports requisites; Parts and accessories thereof - 23.5 0.2 0.2 43.4


97 Works of art, collectors' pieces and antiques - - - 1.9 0.5

Appendices


Appendix 17. Imports of goods from Turkey, 2005-2009 (thous. USD)

Code Prod. name 2005 2006 2007 2008 2009

Total Imports 282,920.6 522,388.4 711,877.8 921,854.9 620,678.0

Of which:

01 Live animals 351.3 - 1,767.8 2,595.9 526.7

02 Meat and edible meat off al 391.9 46.7 22.6 458.7 257.5

03 Fish, crustaceans and molluscs 50.8 21.7 4.7 1.6 1.6

04 Dairy products; Birds' eggs; Natural honey 2,437.7 195.8 373.3 911.3 1,213.7

05 Products of animals origin, not elsewhere specifi ed 1.7 - 16.8 65.1 98.3

06 Live trees and other plants, fl owers and decorative grass 203.6 540.4 1,422.6 966.0 1,012.6

07 Edible vegetables and certain roots and tubers 3,121.5 12,482.9 23,948.7 15,151.4 10,713.8

08 Edible fruit and nuts; Peel of melons or citrus 954.2 3,587.0 4,953.9 4,500.9 3,650.9

09 Coff ee, tea, mate and spices 347.6 396.1 479.7 646.0 305.9

10 Cereals 15.2 341.0 126.1 4,098.2 673.3


12 Oil seeds and oleaginous fruits; Industrial or medicinal plants 78.4 64.6 328.1 143.4 115.5

13 Lacs and other vegetable saps and extracts - 3.6 0.1 3.3 12.7

14 Vegetable products and plaiting materials not elsewhere specifi ed or included 0.1 2.0 0.1 6.1 -







21 Miscellaneous edible preparations 2,460.8 3,890.4 7,423.8 9,966.5 7,495.1

22 Beverages, spirits and vinegar 278.5 1,703.0 5,091.3 988.2 934.8

23 Residues from the food industries, prepared animal fodder 664.9 748.4 1,247.2 2,050.7 2,290.9

24 Tobacco and manufactured tobacco substitutes - 0.0 160.3 80.0 125.9


26 Ores, slag and ash - 2.0 204.8 3,980.8 719.2



29 Organic chemicals 428.5 439.3 1,550.2 2,181.0 1,115.2


31 Fertilizers 3.4 96.4 76.2 277.0 258.0

32 Tanning or dyeing extracts; Others colouring matter, inks 5,357.0 11,444.4 15,412.0 19,250.3 14,093.4



35 Albuminoidal substances; Modifi ed starches; Glues; Enzymes 1,397.0 2,989.4 3,494.1 3,731.8 2,918.9

36 Explosives; Pyrotechnic products; Certain combustible prepa-rations 325.8 496.1 609.6 816.6 1,113.0


38 Miscellaneous chemical products 1,798.4 3,410.3 5,605.2 7,778.7 7,176.2



41 Raw hides and skins and leather 596.0 967.3 1,010.3 828.1 447.0

42 Articles of leather 1,299.4 3,619.8 2,405.5 2,085.9 1,111.8

Appendices


continued

43 Furskins and artifi cial fur; Manufactures thereof 106.0 345.7 494.6 517.7 125.7



46 Manufactures of straw, of esparto or of other plaiting materials 9.2 21.5 20.7 27.0 25.5

47 Pulp of wood or of other fi brous cellulosic material 17.2 - - 5.9 24.5


49 Printed books, newspapers and other products of the printing industry 1,673.4 4,003.2 4,743.3 3,633.9 2,671.8

50 Silk 6.6 216.3 116.0 28.5 101.8

51 Wool, fi ne or coarse animal hair; Horsehair yarn and woven fabric 58.6 32.5 418.1 790.9 355.5

52 Cotton 2,246.7 3,312.8 6,048.4 6,049.3 3,705.3

53 Other vegetable textile fi bres; Paper yarn 165.0 1,687.8 1,547.1 1,027.9 717.1

54 Man-made fi laments 2,769.5 2,155.7 2,684.6 2,554.0 2,278.5

55 Man-made staple fi bres 1,077.6 4,229.0 6,166.0 5,466.1 3,322.6

56 Wadding, felt and non-wovens; Special yarns and articles thereof 357.5 841.6 1,253.3 1,494.1 1,251.3

57 Carpets and other textile fl oor coverings 1,190.3 3,495.0 3,538.7 4,863.3 2,992.2

58 Special woven fabrics; Tufted textile fabrics; Embroidery 171.4 641.5 1,417.8 1,333.4 1,097.1

59 Impregnated or laminated textile fabrics; Textile articles for industrial use 432.2 758.0 860.0 1,147.9 869.3

60 Knitted or crocheted fabrics 820.0 1,920.8 2,593.2 3,234.5 3,341.1

61 Articles of apparel and clothing accessories, knitted or croche-ted 2,758.5 16,673.6 16,173.5 18,522.4 11,894.9


63 Other made up textile articles; Sets; Worn clothing; Rags 2,144.1 4,684.2 6,516.4 7,756.9 7,410.3

64 Footwear, gaiters and the like; Parts thereof 2,415.0 5,530.1 8,025.9 8,395.6 4,785.6

65 Headgear and parts thereof 781.7 1,297.0 373.5 407.3 160.9




69 Ceramic products 7,171.4 12,197.6 14,790.0 20,687.1 14,287.3


71 Pearls, precious or semi-precious stones, and articles thereof 157.1 318.1 1,257.6 2,405.6 1,492.7

72 Iron and steel 5,709.4 12,919.8 24,526.3 48,099.4 27,804.2


74 Copper and articles thereof 193.1 591.3 789.6 1,595.8 2,092.1

75 Nickel and articles thereof 16.3 95.7 95.3 34.1 76.3


78 Lead and articles thereof 4.7 6.2 5.4 2.5 2.3


80 Tin and articles thereof 1.9 5.0 7.2 2.4 3.5


82 Tools of base metal; Parts thereof 338.4 1,059.0 1,762.9 2,570.0 1,219.8




86 Locomotives and parts thereof; Traffi c signalling equipment of all kinds 40.6 87.4 240.2 31.1 51.9


88 Aircraft, spacecraft, and parts thereof 164.9 787.5 1,113.4 - 0.3

Code Prod. name 2005 2006 2007 2008 2009

Appendices


ending

89 Ships, boats and fl oating structures 17.0 42.9 293.4 2,491.0 2,315.1

90 Optical, measuring, checking, medical instruments and ap-paratus 961.4 3,253.8 2,508.9 4,249.9 2,754.6





95 Toys, games and sports requisites; Parts and accessories thereof 358.5 969.9 1,264.5 2,356.9 749.2

96 Miscellaneous manufactured articles 978.7 1,241.9 2,207.7 2,341.3 1,264.8


Code Prod. name 2005 2006 2007 2008 2009

Appendices


Appendix 18. Exports of goods to Ukraine 2005-2009 (Thous. of USD)

Code Prod. name 2005 2006 2007 2008 2009

Total Exports 36,940.7 56,836.9 94,169.3 134,173.8 83,947.2

Of which:

01 Live animals - - - - 2.0

02 Meat and edible meat off al 0.2 0.6 - - -


04 Dairy products; Birds' eggs; Natural honey 1.6 0.1 - - -


07 Edible vegetables and certain roots and tubers 188.5 689.7 557.2 1,102.4 778.7


09 Coff ee, tea, mate and spices 1,084.9 948.5 1,110.9 1,194.2 1,585.1

10 Cereals 814.7 0.0 - - -

11 Products of the milling industry; Malt; Starches; Wheat gluten 487.3 0.1 1.7 0.1 -

12 Oil seeds and oleaginous fruits; Industrial or medicinal plants 1,699.6 121.5 117.8 120.8 72.8

13 Lacs and other vegetable saps and extracts 1.0 3.8 21.7 25.3 27.0


15 Animal or vegetable fats and oils and their cleavage products - 0.1 - - -

16 Preparations of meat, of fi sh or of other aquatic invertebrates 12.1 0.1 - - -

17 Sugars and sugar confectionery 0.0 0.1 - - -

18 Cocoa and cocoa preparations - - 123.8 - -

19 Preparations of cereals, pastrycooks' products 0.2 0.0 - - -

20 Preparations of vegetables, fruit, or other parts of plants 55.0 109.0 224.0 618.5 14.6

21 Miscellaneous edible preparations 59.1 111.3 69.0 69.2 82.0


23 Residues from the food industries, prepared animal fodder - - - 17.8 -

25 Salt; Sulphur; earths and stone; Plastering material, cement 23.0 45.7 82.3 92.5 72.4

26 Ores, slag and ash 451.2 68.8 - - -

27 Mineral fuels and products of their distillation; Bituminous substances; Waxes - 239.9 - - 302.5



32 Tanning or dyeing extracts; Others colouring matter, inks 0.7 87.7 - - -


34 Soap, washing preparations, candles and similar articles, waxes - 0.0 - - 14.9

35 Albuminoidal substances; Modifi ed starches; Glues; Enzymes - 24.3 - - -

38 Miscellaneous chemical products - - 3.3 0.0 -


40 Rubber and articles thereof 0.1 - - 0.9 0.3

42 Articles of leather - 0.1 0.0 0.0 0.0

44 Wood and articles of wood; Wood charcoal 0.2 0.1 0.1 1.0 36.6

48 Paper and paperboard; Articles thereof - 2.4 0.0 1.6 0.0

49 Printed books, newspapers and other products of the printing industry 13.2 17.1 16.0 2.2 0.7

57 Carpets and other textile fl oor coverings - 0.5 1.2 0.7 0.1

61 Articles of apparel and clothing accessories, knitted or croche-ted 1.3 0.0 0.0 19.7 -

62 Articles of apparel and clothing accessories, not knitted or crochet - 0.0 0.1 - 4.6

63 Other made up textile articles; Sets; Worn clothing; Rags 4.7 9.5 4.4 11.3 1.6

64 Footwear, gaiters and the like; Parts thereof 4.8 0.1 0.3 1.5 60.1

Appendices


69 Ceramic products - 3.0 15.2 4.3 6.3

70 Glass and glassware 0.0 0.3 27.2 0.1 0.1

71 Pearls, precious or semi-precious stones, and articles thereof - - 7.8 84.5 0.7

72 Iron and steel 6,222.3 12,640.1 7,174.8 25,414.4 7,632.9

73 Articles of iron or steel 96.5 13.3 4.1 17.8 0.4

74 Copper and articles thereof - - 0.0 0.5 -

76 Aluminium and articles thereof 0.2 - 2.0 15.7 1.0

81 Other base metals; Cermets; Articles thereof - - - 0.4 -

82 Tools of base metal; Parts thereof 2.7 0.4 0.8 0.1 0.3

83 Miscellaneous articles of base metal 0.0 - 0.1 - 28.3

84 Nuclear reactors, boilers, machinery and mechanical appliances; Parts thereof 104.9 79.7 1,007.1 116.9 100.0

85 Electrical machinery and equipment and parts thereof 22.9 41.4 203.6 2.9 29.6

86 Locomotives and parts thereof; Traffi c signalling equipment of all kinds 428.9 72.0 4,682.2 22,346.8 3,637.3

87 Vehicles other than railway or tramway rolling-stock, and parts thereof 142.7 1,867.0 2,382.1 3,613.6 94.3

88 Aircraft, spacecraft, and parts thereof 105.9 - 96.6 690.9 118.2

89 Ships, boats and fl oating structures 40.0 60.0 - 75.0 -

90 Optical, measuring, checking, medical instruments and apparatus 251.1 0.7 16.7 55.9 16.3

91 Clocks and watches and parts thereof - 0.0 0.0 0.0 -

92 Musical instruments; Parts and accessories of such articles - 0.1 0.5 1.7 0.2

93 Arms and ammunition; Parts and accessories thereof - - - 0.1 -


95 Toys, games and sports requisites; Parts and accessories thereof - 15.4 2.6 2.3 18.4

96 Miscellaneous manufactured articles 0.0 - 0.0 0.1 0.0

97 Works of art, collectors' pieces and antiques - 1.3 0.1 0.8 4.0

Code Prod. name 2005 2006 2007 2008 2009

ending

Appendices


Appendix 19. Imports of goods from Ukraine, 2005-2009 (Thous. of USD)

Code Prod. name 2005 2006 2007 2008 2009

Total Imports 200,797.5 303,218.6 471,630.4 656,770.4 369,541.2

Of which:

01 Live animals - 15.0 - - -


03 Fish, crustaceans and molluscs - 25.7 4.8 34.1 19.0

04 Dairy products; Birds' eggs; Natural honey 10,213.9 11,946.1 13,253.7 12,705.2 4,903.3

05 Products of animals origin, not elsewhere specifi ed 6.6 16.6 6.0 25.0 -

06 Live trees and other plants, fl owers and decorative grass 0.1 1.5 - 11.0 2.7

07 Edible vegetables and certain roots and tubers 33.4 113.3 285.1 389.2 647.6

08 Edible fruit and nuts; Peel of melons or citrus 397.5 123.5 802.0 609.2 817.0

09 Coff ee, tea, mate and spices 86.8 92.5 273.1 367.8 250.8

10 Cereals 2,317.7 9,331.5 2,567.5 13,714.1 7,078.5


12 Oil seeds and oleaginous fruits; Industrial or medicinal plants 1,352.8 365.1 5,405.6 2,479.0 28,738.7

13 Lacs and other vegetable saps and extracts - 9.0 2.7 44.6 6.2


16 Preparations of meat, of fi sh or of other aquatic invertebrates 1,087.7 1,970.9 2,798.5 2,887.1 1,421.2





21 Miscellaneous edible preparations 786.5 2,645.7 8,420.1 14,155.7 9,680.8


23 Residues from the food industries, prepared animal fodder 1,155.9 844.2 972.1 2,352.9 2,594.5

24 Tobacco and manufactured tobacco substitutes 5,434.4 12,997.1 37,048.1 63,680.1 51,274.9


26 Ores, slag and ash 14.8 897.4 1,125.8 101.9 15.7


28 Inorganic chemicals: compounds of precious metals, of radio-active elements 2,096.5 2,226.1 2,310.5 2,267.0 581.6



31 Fertilizers 158.7 151.5 210.2 481.8 627.9

32 Tanning or dyeing extracts; Others colouring matter, inks 932.9 2,623.0 2,294.2 3,320.7 2,505.8

33 Essential oils and resinoids; Perfumery or toilet preparations 397.4 766.4 2,612.8 5,663.8 6,183.6



36 Explosives; Pyrotechnic products; Certain combustible prepa-rations 162.7 73.3 276.9 434.9 428.0


38 Miscellaneous chemical products 1,410.4 1,088.3 950.0 931.7 1,698.4



41 Raw hides and skins and leather - 26.0 - - 0.2


43 Furskins and artifi cial fur; Manufactures thereof - 14.8 - - 0.7


45 Cork and articles of cork - 1.4 - - 0.1

47 Pulp of wood or of other fi brous cellulosic material - - 4.4 - -

Appendices



49 Printed books, newspapers and other products of the printing industry 130.5 347.2 756.7 1,100.5 853.5

50 Silk - - - - 0.4

51 Wool, fi ne or coarse animal hair; Horsehair yarn and woven fabric - 5.1 - - -

52 Cotton - 1.5 100.9 161.2 1.6

53 Other vegetable textile fi bres; Paper yarn - 4.9 4.5 - 1.1


55 Man-made staple fi bres 24.7 1.7 - - 3.0

56 Wadding, felt and non-wovens; Special yarns and articles thereof 7.1 18.9 828.9 1,482.8 1,523.0




60 Knitted or crocheted fabrics - 48.5 37.5 - -

61 Articles of apparel and clothing accessories, knitted or crocheted 2.1 75.7 91.0 23.3 134.7

62 Articles of apparel and clothing accessories, not knitted or crochet 77.8 2,949.6 802.8 411.9 79.2

63 Other made up textile articles; Sets; Worn clothing; Rags 603.8 2,419.1 233.6 307.3 202.2

64 Footwear, gaiters and the like; Parts thereof 13.8 296.2 343.6 473.4 243.9



67 Prepared feathers and articles thereof - 0.0 10.8 21.6 17.8


69 Ceramic products 1,626.5 1,562.9 2,754.2 2,055.0 381.6


71 Pearls, precious or semi-precious stones, and articles thereof 12.1 - 2.8 5.5 133.9

72 Iron and steel 29,590.2 50,901.1 115,064.5 131,268.5 36,229.8


74 Copper and articles thereof 436.1 1,279.2 2,264.2 3,489.5 1,094.5

75 Nickel and articles thereof - 6.4 2.4 14.2 -

76 Aluminium and articles thereof 963.3 1,711.3 1,446.4 1,104.4 428.4

78 Lead and articles thereof - 23.4 - 0.1 8.3

79 Zinc and articles thereof - 0.6 18.6 0.3 0.0

80 Tin and articles thereof - 46.7 - - -

81 Other base metals; Cermets; Articles thereof - - - 34.9 -







88 Aircraft, spacecraft, and parts thereof 4,465.7 1,235.9 1,925.8 182.6 10.6

89 Ships, boats and fl oating structures 93.8 10.2 399.9 159.7 62.1

90 Optical, measuring, checking, medical instruments and ap-paratus 3,353.3 2,620.6 2,378.9 5,843.4 1,907.0

91 Clocks and watches and parts thereof - 0.3 0.9 1.2 31.6



95 Toys, games and sports requisites; Parts and accessories thereof 19.5 515.5 806.3 1,353.7 1,065.9


97 Works of art, collectors' pieces and antiques - 181.8 1.2 6.0 0.7

kodi saqonlis dasaxeleba 2005 2006 2007 2008 2009

ending

Appendices


Appendix 20. Exports of goods to Azerbaijan 2005-2009 (thous. USD)

Code Prod. name 2005 2006 2007 2008 2009

Total Exports 83,429.0 88,531.0 137,455.0 203,930.3 165,633.8

Of which:

01 Live animals 7.0 1.4 40.7 1,091.5 18,582.7


03 Fish, crustaceans and molluscs - 161.8 215.7 2,155.2 1,551.6

04 Dairy products; Birds' eggs; Natural honey - 534.1 38.6 485.2 164.9


07 Edible vegetables and certain roots and tubers 22.3 225.6 42.6 273.9 1,217.9

08 Edible fruit and nuts; Peel of melons or citrus 99.1 1,440.0 319.1 1,728.6 5,229.9

09 Coff ee, tea, mate and spices - 248.9 761.3 774.5 480.6

10 Cereals - 13.4 - 1,056.1 102.0

11 Products of the milling industry; Malt; Starches; Wheat gluten 148.9 0.8 - 1,494.6 47.5

12 Oil seeds and oleaginous fruits; Industrial or medicinal plants - 7.0 22.2 122.3 30.1

14 Vegetable products and plaiting materials not elsewhere specifi ed or included - - - 0.9 -

15 Animal or vegetable fats and oils and their cleavage products 6.6 47.9 - - -

16 Preparations of meat, of fi sh or of other aquatic invertebrates - - 50.5 - 5.8

17 Sugars and sugar confectionery 19,899.0 2,179.1 0.0 361.6 616.0

18 Cocoa and cocoa preparations - 14.5 8.0 42.7 67.3

19 Preparations of cereals, pastrycooks' products - - 39.7 - 3.9

20 Preparations of vegetables, fruit, or other parts of plants 48.4 47.1 77.0 100.8 17.5

21 Miscellaneous edible preparations 53.4 71.9 291.6 5,286.5 4,669.0


23 Residues from the food industries, prepared animal fodder - 16.7 9.4 662.7 1,460.3

24 Tobacco and manufactured tobacco substitutes - 3.7 - - -


26 Ores, slag and ash 1.1 125.4 4.6 3,681.9 3,444.8

27 Mineral fuels and products of their distillation; Bituminous substances; Waxes 637.4 1,461.2 2,986.0 889.4 850.1

28 Inorganic chemicals: compounds of precious metals, of radio-active elements 99.3 243.8 143.3 146.8 138.2

29 Organic chemicals - 57.6 0.3 5.4 0.0


31 Fertilizers 2,665.9 9.7 165.6 964.6 192.4

32 Tanning or dyeing extracts; Others colouring matter, inks 0.1 26.6 3.3 1.3 56.0




36 Explosives; Pyrotechnic products; Certain combustible prepa-rations - - 384.1 - 587.0

37 Photo- or cinematographic good - - 0.5 - 3.7



40 Rubber and articles thereof 46.9 55.5 138.2 122.9 261.7


44 Wood and articles of wood; Wood charcoal 236.0 91.4 22.4 206.0 1,998.9


48 Paper and paperboard; Articles thereof 31.8 253.6 15.4 61.8 1,516.9

49 Printed books, newspapers and other products of the printing industry 10.4 43.3 32.1 75.0 198.5

50 Silk 7.0 - - - -

Appendices


51 Wool, fi ne or coarse animal hair; Horsehair yarn and woven fabric - - 140.9 352.3 218.5

52 Cotton - - - 0.0 -

54 Man-made fi laments - 90.0 - 0.0 45.9

56 Wadding, felt and non-wovens; Special yarns and articles thereof 0.7 - 6.3 6.0 3.2

57 Carpets and other textile fl oor coverings - 2.4 13.9 23.9 1.2

59 Impregnated or laminated textile fabrics; Textile articles for industrial use - - 7.4 6.8 1.9

61 Articles of apparel and clothing accessories, knitted or croche-ted - 7.7 2.9 81.7 30.3

62 Articles of apparel and clothing accessories, not knitted or crochet 1.3 - 23.5 207.0 111.3

63 Other made up textile articles; Sets; Worn clothing; Rags 6.7 5.0 30.7 12.9 9.5

64 Footwear, gaiters and the like; Parts thereof - - 387.4 831.4 982.2

65 Headgear and parts thereof 0.0 - 0.6 14.4 2.1



69 Ceramic products 0.6 135.0 151.6 72.1 13.8

70 Glass and glassware 306.4 1,017.9 770.5 1,161.9 1,176.8

71 Pearls, precious or semi-precious stones, and articles thereof 0.0 - 1.4 2.0 2.9

72 Iron and steel 281.4 675.9 999.2 3,644.0 3,216.6

73 Articles of iron or steel 704.3 1,419.1 4,233.0 8,792.2 2,306.2

74 Copper and articles thereof 3.9 - 0.4 0.9 78.9

76 Aluminium and articles thereof 8.0 167.6 25.3 6.4 7.6

78 Lead and articles thereof 0.0 - - - 5.8

80 Tin and articles thereof 0.0 - - - 0.3

81 Other base metals; Cermets; Articles thereof - - 0.1 0.8 0.5


83 Miscellaneous articles of base metal 49.4 14.4 11.7 5.7 454.2


85 Electrical machinery and equipment and parts thereof 790.2 449.4 547.0 1,211.7 3,105.9

86 Locomotives and parts thereof; Traffi c signalling equipment of all kinds - 82.6 348.0 163.0 1,190.8


88 Aircraft, spacecraft, and parts thereof 18,249.5 71.3 120.9 141.2 14,398.9

89 Ships, boats and fl oating structures 5.0 - 20.5 - 1.5

90 Optical, measuring, checking, medical instruments and ap-paratus 319.3 1,189.3 404.7 266.1 1,413.9





97 Works of art, collectors' pieces and antiques 0.1 0.9 - - 0.4

Code Prod. name 2005 2006 2007 2008 2009

ending

Appendices


Appendix 21. Imports of goods from Azerbaidjan, 2005-2009(thous. USD)

Code Prod. name 2005 2006 2007 2008 2009

Total Imports 233,417.9 318,517.6 382,367.2 607,316.4 331,787.5

Of which:

01 Live animals - - 13.2 1,081.0 146.7

02 Meat and edible meat off al - 25.8 - - -


04 Dairy products; Birds' eggs; Natural honey 556.8 82.3 362.8 220.4 17.8



07 Edible vegetables and certain roots and tubers 7.5 675.9 1,253.1 541.7 731.9

08 Edible fruit and nuts; Peel of melons or citrus 24.9 691.9 915.3 337.1 150.6

09 Coff ee, tea, mate and spices 813.7 1,315.9 1,741.4 2,098.6 2,711.4

10 Cereals 896.8 189.3 341.4 514.3 95.7


12 Oil seeds and oleaginous fruits; Industrial or medicinal plants 0.0 40.6 82.6 35.1 61.0

13 Lacs and other vegetable saps and extracts - 1.2 - - -




17 Sugars and sugar confectionery 130.4 11,978.7 15,713.8 10,713.7 3,214.1

18 Cocoa and cocoa preparations 68.2 211.9 98.2 43.4 116.1

19 Preparations of cereals, pastrycooks' products 21.1 345.4 678.3 1,753.4 1,987.7

20 Preparations of vegetables, fruit, or other parts of plants 479.1 919.0 957.3 721.8 1,147.0

21 Miscellaneous edible preparations 12.1 11.9 55.6 286.3 228.8

22 Beverages, spirits and vinegar 49.0 115.1 2.9 21.5 207.2

23 Residues from the food industries, prepared animal fodder 357.0 4,556.1 8,600.9 3,946.4 2,689.8

24 Tobacco and manufactured tobacco substitutes 454.2 377.2 283.0 227.7 110.5

25 Salt; Sulphur; earths and stone; Plastering material, cement 729.9 1,526.1 1,908.3 2,312.9 1,120.6

26 Ores, slag and ash - - 37.2 1,972.8 70.2


28 Inorganic chemicals: compounds of precious metals, of radio-active elements 995.9 3,048.3 2,663.6 8,068.3 1,819.6

29 Organic chemicals 835.6 420.3 765.5 3,831.9 2,255.9


31 Fertilizers - 1.8 26.3 689.4 455.6

32 Tanning or dyeing extracts; Others colouring matter, inks 191.6 688.2 629.1 1,000.3 37.4




36 Explosives; Pyrotechnic products; Certain combustible prepa-rations 49.8 34.6 17.7 1.9 14.2




40 Rubber and articles thereof 65.8 125.6 269.8 193.4 76.5

41 Raw hides and skins and leather 5.0 2.6 14.9 - -


43 Furskins and artifi cial fur; Manufactures thereof - - 41.0 108.9 33.0

44 Wood and articles of wood; Wood charcoal 10.2 79.0 486.5 992.5 49.0

46 Manufactures of straw, of esparto or of other plaiting materials 0.0 1.3 - 0.0 0.1

Appendices


47 Pulp of wood or of other fi brous cellulosic material - - - - 10.5

48 Paper and paperboard; Articles thereof 35.8 742.4 156.6 381.0 485.4

49 Printed books, newspapers and other products of the printing industry 90.2 289.1 1,613.9 969.3 278.8

50 Silk 21.5 - - - -

52 Cotton 203.0 249.1 140.0 371.7 58.5

53 Other vegetable textile fi bres; Paper yarn 4.7 39.2 8.0 - -


55 Man-made staple fi bres 61.5 52.0 11.8 - 0.0





60 Knitted or crocheted fabrics 13.1 15.6 0.2 - -

61 Articles of apparel and clothing accessories, knitted or crocheted 2,330.9 4,931.8 5,500.4 2,834.5 1,131.8


63 Other made up textile articles; Sets; Worn clothing; Rags 717.7 1,541.1 1,920.6 1,225.7 582.0

64 Footwear, gaiters and the like; Parts thereof 1,977.2 2,278.3 3,143.4 1,718.0 408.4





69 Ceramic products 115.3 1,001.4 185.5 154.6 5.6

70 Glass and glassware 116.8 297.7 224.7 95.4 107.2

71 Pearls, precious or semi-precious stones, and articles thereof 17.6 54.9 198.2 37.9 8.3

72 Iron and steel 1,846.3 867.2 834.0 46.0 89.6

73 Articles of iron or steel 876.5 2,172.5 4,189.8 857.9 373.6

74 Copper and articles thereof 61.9 31.2 0.2 0.0 -

75 Nickel and articles thereof - 1.6 0.1 - -

76 Aluminium and articles thereof 84.6 79.0 27.3 59.8 74.1

78 Lead and articles thereof - 0.4 - 2.4 -

79 Zinc and articles thereof 4.1 1.0 - 0.1 -

80 Tin and articles thereof 0.1 2.3 - - -


83 Miscellaneous articles of base metal 420.1 399.3 1,233.8 293.9 220.6



86 Locomotives and parts thereof; Traffi c signalling equipment of all kinds 6.0 478.9 237.3 531.7 323.9

87 Vehicles other than railway or tramway rolling-stock, and parts thereof 332.1 727.8 2,157.8 2,102.4 672.8

88 Aircraft, spacecraft, and parts thereof 229.2 14.1 3.5 3.0 -

89 Ships, boats and fl oating structures 1.2 5.0 21.1 0.1 114.9

90 Optical, measuring, checking, medical instruments and apparatus 315.3 807.5 1,018.6 730.1 459.8



93 Arms and ammunition; Parts and accessories thereof 2.8 3.2 0.0 - -

94 Furniture; Lighting fi ttings and the like; Prefabricated buildings 1,721.8 3,695.5 5,008.0 3,554.3 867.6


96 Miscellaneous manufactured articles 226.8 588.1 1,099.7 755.2 197.4


Code Prod. name 2005 2006 2007 2008 2009

ending

Appendices

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