Economy of Georgia. Statistics, Data and Indicators
Georgia
| 38BB- | Credit rank #77 |
| N/A | Quality of life # |
| 45 | Corruption rank#40 |
| 7 | Ease of doing business#6 |
Georgia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 15.89 USD Billion | 2020 |
| GDP Annual Growth Rate | 14.9 % | 1Q/22 |
| GDP per capita | 4487 USD | 2020 |
| Inflation Rate YoY | 13.3 % | May/22 |
| Interest Rate | 11 % | Jun/22 |
| Unemployment Rate | 20.6 % | 2021 |
| Wages | 1447 GEL/Month | 492.177 USD/Month | 1Q/22 |
| Balance of Trade | -595 USD Million | -0.595 B USD | May/22 |
| Current Account | -598 USD Million | -0.598 B USD | 1Q/22 |
| Foreign Exchange Reserves | 3372208 GEL Thousand | 1.147 B USD | May/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 15.89 USD Billion | 2020 |
| GDP Annual Growth Rate | 14.9 % | 1Q/22 |
| GDP per capita | 4487 USD | 2020 |
| Gross National Product | 16300 GEL Million | 5.544 USD Billion | 4Q/21 |
| GDP Constant Prices | 10089 GEL Million | 3.432 B USD | 1Q/22 |
| GDP per capita PPP | 14089 USD | 2020 |
| GDP From Agriculture | 650 GEL Million | 0.221 B USD | 4Q/21 |
| GDP From Construction | 494 GEL Million | 0.168 B USD | 4Q/21 |
| GDP From Manufacturing | 766 GEL Million | 0.261 B USD | 4Q/21 |
| GDP From Mining | 128 GEL Million | 0.044 B USD | 4Q/21 |
| GDP From Public Administration | 709 GEL Million | 0.241 B USD | 4Q/21 |
| GDP From Services | 1599 GEL Million | 0.544 B USD | 4Q/21 |
| GDP From Transport | 613 GEL Million | 0.209 B USD | 4Q/21 |
| GDP From Utilities | 252 GEL Million | 0.086 B USD | 4Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 57.1 % | 2021 |
| Government Budget Value | 87.7 GEL Million | 0.03 USD Billion | May/22 |
| Government Spending | 2138 GEL Million | 0.727 USD Billion | 1Q/22 |
| Government Revenues | 1511 GEL Million | 0.514 USD Billion | May/22 |
| Fiscal Expenditure | 1252 GEL Million | 0.426 B USD | May/22 |
| Government Budget to GDP | -6 % | 2021 |
| Military Expenditure | 304 USD Million | 0.304 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 173 index points | May/22 |
| Export Prices | 96.9 index points | Apr/22 |
| Food Inflation | 22 % | May/22 |
| GDP Deflator | 109 index points | 1Q/22 |
| Import Prices | 97.7 index points | Apr/22 |
| Inflation Rate YoY | 13.3 % | May/22 |
| Producer Prices | 232 index points | May/22 |
| Inflation Rate Mom | 1.1 % | May/22 |
| Core Inflation Rate | 5.9 % | May/22 |
| CPI Housing Utilities | 106 Index Points | May/22 |
| CPI Transportation | 99.96 Index Points | May/22 |
| Producer Prices Change | 14.2 % | May/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -9.8 % | 2021 |
| Balance of Trade | -595 USD Million | -0.595 USD Billion | May/22 |
| Capital Flows | -649 USD Million | -0.649 USD Billion | 1Q/22 |
| Current Account | -598 USD Million | -0.598 USD Billion | 1Q/22 |
| Exports | 525 USD Million | 0.525 USD Billion | May/22 |
| External Debt | 22064 USD Million | 22.064 USD Billion | 1Q/22 |
| Foreign Exchange Reserves | 3372208 GEL Thousand | 1.147 USD Billion | May/22 |
| Imports | 1119 USD Million | 1.119 USD Billion | May/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 11 % | Jun/22 |
| Money Supply M0 | 3531461 GEL Thousand | 1.201 USD Billion | May/22 |
| Money Supply M1 | 10700274 GEL Thousand | 3.64 USD Billion | May/22 |
| Money Supply M2 | 16079428 GEL Thousand | 5.469 USD Billion | May/22 |
| Money Supply M3 | 33036412 GEL Thousand | 11.237 USD Billion | May/22 |
| Deposit Interest Rate | 11.41 % | Apr/22 |
| Foreign Direct Investment | 568 USD Million | 0.568 B USD | 1Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 60 | 2022 |
| Unemployment Rate | 20.6 % | 2021 |
| Wages | 1447 GEL/Month | 492.177 USD/Month | 1Q/22 |
| Youth Unemployment Rate | 39.4 % | 2020 |
| Employed Persons | 1201 Thousand Person | 1.201 Million Person | 1Q/22 |
| Labor Force Participation Rate | 50.9 % | 2021 |
| Unemployed Persons | 316 Thousand Persons | 0.316 Million Persons | 2021 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2022 |
| Personal Income Tax Rate | 20 % | 2022 |
| Sales Tax Rate | 18 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 0.3 BBL/D/1K | Feb/22 |
| Industrial Production | 40.6 % | 1Q/22 |
| Mining Production | 21.8 % | 1Q/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 15.1 index points | 2Q/22 |
| Corruption Index | 55 index points | 2021 |
| Corruption Rank | 45 place | 2021 |
| Ease of Doing Business | 7 place | 2019 |
| Manufacturing Production | 42 % | 1Q/22 |
| Competitiveness Index | 60.61 Index Points | 2019 |
| Competitiveness Rank | 74 | 2019 |
| Leading Economic Index | 25.8 % | May/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -34.4 index points | Apr/22 |
| Retail Sales YoY | 31 % | 1Q/22 |
| Consumer Spending | 11272 GEL Million | 3.834 USD Billion | 1Q/22 |
