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Economy of Georgia. Statistics, Data and Indicators

flag
Georgia
38BB- Credit rank #77
N/A Quality of life #
45 Corruption rank#40
7 Ease of doing business#6
Georgia


Georgia Major Economic Indicators

Indicator Data Period
GDP Value 15.89 USD Billion 2020
GDP Annual Growth Rate -4.5 % 1Q/21
GDP per capita 4679 USD 2020
Inflation Rate YoY 9.9 % Jun/21
Interest Rate 9.5 % Jun/21
Unemployment Rate 18.5 % 2020
Wages 1256 GEL/Month | 398.073 USD/Month 1Q/21
Balance of Trade -488 USD Million | -0.488 B USD Jun/21
Current Account -366 USD Million | -0.366 B USD 1Q/21
Foreign Exchange Reserves 3712419 GEL Thousand | 1.177 B USD Jun/21


GDP
vvp
15.89
USD Billion
#120 from 174 countries
GDP per capita
vvp
4679
USD
#98 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 15.89 USD Billion 2020
GDP Annual Growth Rate -4.5 % 1Q/21
GDP per capita 4679 USD 2020
Gross National Product 10820 GEL Million | 3.429 USD Billion 1Q/21
GDP Constant Prices 8662 GEL Million | 2.745 B USD 1Q/21
GDP per capita PPP 14089 USD 2020
GDP From Agriculture  882 GEL Million | 0.268 B USD 3Q/19
GDP From Construction  738 GEL Million | 0.224 B USD 3Q/19
GDP From Manufacturing  738 GEL Million | 0.224 B USD 3Q/19
GDP From Mining  107 GEL Million | 0.032 B USD 3Q/19
GDP From Public Administration  655 GEL Million | 0.199 B USD 3Q/19
GDP From Services  448 GEL Million | 0.136 B USD 2Q/19
GDP From Transport  482 GEL Million | 0.146 B USD 3Q/19
GDP From Utilities  84.1 GEL Million | 0.026 B USD 3Q/19


Budget Indicators

Indicator Data Period
Government Debt to GDP 62.4 % 2020
Government Budget Value -348 GEL Million | -0.11 USD Billion May/21
Government Spending 1744 GEL Million | 0.553 USD Billion 1Q/21
Government Revenues 860 GEL Million | 0.273 USD Billion May/21
Fiscal Expenditure  1049 GEL Million | 0.332 B USD May/21
Government Budget to GDP -9.3 % 2020
Military Expenditure 304 USD Million | 0.304 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 154 index points Jun/21
Export Prices 99.8 index points May/21
Food Inflation 8.8 % Jun/21
GDP Deflator 107 index points 1Q/21
Import Prices 102 index points May/21
Inflation Rate YoY 9.9 % Jun/21
Producer Prices 203 index points May/21
Inflation Rate Mom 0.7 % Jun/21
Core Inflation Rate 5.9 % Jun/21
CPI Housing Utilities 103 Index Points Jun/21
CPI Transportation 100 Index Points Jun/21
Producer Prices Change  15.5 % May/21


Trade Indicators

Indicator Data Period
Current Account to GDP -12.3 % 2020
Balance of Trade -488 USD Million | -0.488 USD Billion Jun/21
Capital Flows -321 USD Million | -0.321 USD Billion 1Q/21
Current Account -366 USD Million | -0.366 USD Billion 1Q/21
Exports 349 USD Million | 0.349 USD Billion Jun/21
External Debt 20592 USD Million | 20.592 USD Billion 1Q/21
Foreign Exchange Reserves 3712419 GEL Thousand | 1.177 USD Billion Jun/21
Imports 837 USD Million | 0.837 USD Billion Jun/21


Money Indicators

Indicator Data Period
Interest Rate 9.5 % Jun/21
Money Supply M0 3646506 GEL Thousand | 1.156 USD Billion May/21
Money Supply M1 9892003 GEL Thousand | 3.135 USD Billion May/21
Money Supply M2 13929695 GEL Thousand | 4.415 USD Billion May/21
Money Supply M3 30777344 GEL Thousand | 9.754 USD Billion May/21
Deposit Interest Rate 9.52 % May/21
Foreign Direct Investment 125 USD Million | 0.125 B USD 1Q/21


Labor Indicators

Indicator Data Period
Retirement Age Men 65 2020
Retirement Age Women 60 2020
Unemployment Rate 18.5 % 2020
Wages 1256 GEL/Month | 398.073 USD/Month 1Q/21
Youth Unemployment Rate 39.4 % 2020
Employed Persons 1130 Thousand Person | 1.13 Million Person 1Q/21
Labor Force Participation Rate 50.48 % 2020
Unemployed Persons 282 Thousand Persons | 0.282 Million Persons 2020


Taxes

Indicator Data Period
Corporate Tax Rate 15 % 2021
Personal Income Tax Rate 20 % 2021
Sales Tax Rate 18 % 2020


Production Indicators

Indicator Data Period
Crude Oil Production 0.3 BBL/D/1K Mar/21
Industrial Production 13.6 % 1Q/21
Mining Production 50.3 % 1Q/21


Business Indicators

Indicator Data Period
Business Confidence 1.7 index points 2Q/21
Corruption Index 56 index points 2020
Corruption Rank 45 place 2020
Ease of Doing Business 7 place 2019
Manufacturing Production -2.6 % 1Q/21
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 -33.2 index points May/21
Retail Sales YoY 11.3 % 1Q/21
Consumer Spending 8462 GEL Million | 2.682 USD Billion 1Q/21


Gold Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
gold_reserve_icon
1.177
USD Billion
#104 from 114 countries


Government Budget Value
balance_icon
-0.11
USD Billion
#33 from 113 countries
Inflation Rate
inflation_icon
9.9
%
#30 from 174 countries


Interest Rate
discount_rate_icon
9.5
%
#36 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
18.5
%
#32 from 171 countries
Wages
salary_icon
398.073
USD/Month
#67 from 82 countries


Retirement Age
man_icon
woman_icon
65
60
men
women
Taxes
company_icon
private_icon
15%
20%
company profits
income of individuals