Economy of Georgia. Statistics, Data and Indicators
Georgia
| 38BB- | Credit rank #77 |
| N/A | Quality of life # |
| 41 | Corruption rank#40 |
| 7 | Ease of doing business#6 |
Georgia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 18.63 USD Billion | 2021 |
| GDP Annual Growth Rate | 9.7 % | 4Q/22 |
| GDP per capita | 4932 USD | 2021 |
| Inflation Rate YoY | 8.1 % | Feb/23 |
| Interest Rate | 11 % | Mar/23 |
| Unemployment Rate | 16.1 % | 2022 |
| Wages | 1774 GEL/Month | 695.686 USD/Month | 4Q/22 |
| Balance of Trade | -508 USD Million | -0.508 B USD | Feb/23 |
| Current Account | -540 USD Million | -0.54 B USD | 4Q/22 |
| Foreign Exchange Reserves | 4248927 GEL Thousand | 1.666 B USD | Feb/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 18.63 USD Billion | 2021 |
| GDP Annual Growth Rate | 9.7 % | 4Q/22 |
| GDP per capita | 4932 USD | 2021 |
| Gross National Product | 17800 GEL Million | 6.98 USD Billion | 3Q/22 |
| GDP Constant Prices | 12036 GEL Million | 4.72 B USD | 4Q/22 |
| GDP per capita PPP | 15487 USD | 2021 |
| GDP From Agriculture | 648 GEL Million | 0.254 B USD | 4Q/22 |
| GDP From Construction | 646 GEL Million | 0.253 B USD | 4Q/22 |
| GDP From Manufacturing | 763 GEL Million | 0.299 B USD | 4Q/22 |
| GDP From Mining | 152 GEL Million | 0.06 B USD | 4Q/22 |
| GDP From Public Administration | 725 GEL Million | 0.284 B USD | 4Q/22 |
| GDP From Services | 1674 GEL Million | 0.656 B USD | 4Q/22 |
| GDP From Transport | 770 GEL Million | 0.302 B USD | 4Q/22 |
| GDP From Utilities | 299 GEL Million | 0.117 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 57.1 % | 2021 |
| Government Budget Value | -84.1 GEL Million | -0.033 USD Billion | Feb/23 |
| Government Spending | 2454 GEL Million | 0.962 USD Billion | 4Q/22 |
| Government Revenues | 1380 GEL Million | 0.541 USD Billion | Feb/23 |
| Fiscal Expenditure | 1243 GEL Million | 0.487 B USD | Feb/23 |
| Government Budget to GDP | -6 % | 2021 |
| Military Expenditure | 302 USD Million | 0.302 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 178 index points | Feb/23 |
| Export Prices | 96.6 index points | Feb/23 |
| Food Inflation | 14 % | Feb/23 |
| GDP Deflator | 109 index points | 4Q/22 |
| Import Prices | 99.5 index points | Feb/23 |
| Inflation Rate YoY | 8.1 % | Feb/23 |
| Producer Prices | 224 index points | Feb/23 |
| Inflation Rate Mom | -0.3 % | Feb/23 |
| Core Inflation Rate | 6.5 % | Feb/23 |
| CPI Housing Utilities | 99.64 Index Points | Feb/23 |
| CPI Transportation | 98.47 Index Points | Feb/23 |
| Producer Prices Change | -1 % | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -9.8 % | 2021 |
| Balance of Trade | -508 USD Million | -0.508 USD Billion | Feb/23 |
| Capital Flows | -460 USD Million | -0.46 USD Billion | 4Q/22 |
| Current Account | -540 USD Million | -0.54 USD Billion | 4Q/22 |
| Exports | 915 USD Million | 0.915 USD Billion | Feb/23 |
| External Debt | 23545 USD Million | 23.545 USD Billion | 4Q/22 |
| Foreign Exchange Reserves | 4248927 GEL Thousand | 1.666 USD Billion | Feb/23 |
| Imports | 1983 USD Million | 1.983 USD Billion | Feb/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 11 % | Mar/23 |
| Money Supply M0 | 3606540 GEL Thousand | 1.414 USD Billion | Feb/23 |
| Money Supply M1 | 12514628 GEL Thousand | 4.908 USD Billion | Feb/23 |
| Money Supply M2 | 19083380 GEL Thousand | 7.484 USD Billion | Feb/23 |
| Money Supply M3 | 36232520 GEL Thousand | 14.209 USD Billion | Feb/23 |
| Deposit Interest Rate | 12.45 % | Dec/22 |
| Foreign Direct Investment | 324 USD Million | 0.324 B USD | 4Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 60 | 2022 |
| Unemployment Rate | 16.1 % | 2022 |
| Wages | 1774 GEL/Month | 695.686 USD/Month | 4Q/22 |
| Youth Unemployment Rate | 26.8 % | 2021 |
| Employed Persons | 1305 Thousand Person | 1.305 Million Person | 4Q/22 |
| Labor Force Participation Rate | 52.7 % | 2022 |
| Unemployed Persons | 250 Thousand Persons | 0.25 Million Persons | 2022 |
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 | Nov/22 |
| Industrial Production | 1.7 % | 4Q/22 |
| Mining Production | 25.3 % | 4Q/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 20.1 index points | 1Q/23 |
| Corruption Index | 56 index points | 2022 |
| Corruption Rank | 41 place | 2022 |
| Ease of Doing Business | 7 place | 2019 |
| Manufacturing Production | 2.5 % | 4Q/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 | -28.1 index points | Jan/23 |
| Retail Sales YoY | 19 % | 4Q/22 |
| Consumer Spending | 16936 GEL Million | 6.642 USD Billion | 4Q/22 |
