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Economy of Georgia. Statistics, Data and Indicators

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


Georgia Major Economic Indicators

Indicator Data Period
GDP Value 24.61 USD Billion 2022
GDP Annual Growth Rate 7.5 % 2Q/23
GDP per capita 5425 USD 2022
Inflation Rate YoY 0.7 % Sep/23
Interest Rate 10 % Sep/23
Unemployment Rate 16.7 % 2023
Wages 1805 GEL/Month | 671.004 USD/Month 2Q/23
Balance of Trade -782 USD Million | -0.782 B USD Aug/23
Current Account -366 USD Million | -0.366 B USD 2Q/23
Foreign Exchange Reserves 4821753 GEL Thousand | 1.792 B USD Sep/23


GDP Indicators

Indicator Data Period
GDP Value 24.61 USD Billion 2022
GDP Annual Growth Rate 7.5 % 2Q/23
GDP per capita 5425 USD 2022
Gross National Product 15533 GEL Million | 5.774 USD Billion 1Q/23
GDP Constant Prices 12922 GEL Million | 4.804 B USD 2Q/23
GDP per capita PPP 17034 USD 2022
GDP From Agriculture  894 GEL Million | 0.332 B USD 2Q/23
GDP From Construction  582 GEL Million | 0.216 B USD 2Q/23
GDP From Manufacturing  1014 GEL Million | 0.377 B USD 2Q/23
GDP From Mining  159 GEL Million | 0.059 B USD 2Q/23
GDP From Public Administration  790 GEL Million | 0.294 B USD 2Q/23
GDP From Services  1588 GEL Million | 0.59 B USD 2Q/23
GDP From Transport  816 GEL Million | 0.303 B USD 2Q/23
GDP From Utilities  387 GEL Million | 0.144 B USD 2Q/23


Budget Indicators

Indicator Data Period
Government Debt to GDP 41.3 % 2022
Government Budget Value -165 GEL Million | -0.061 USD Billion Aug/23
Government Spending 2463 GEL Million | 0.916 USD Billion 2Q/23
Government Revenues 1480 GEL Million | 0.55 USD Billion Aug/23
Fiscal Expenditure  1142 GEL Million | 0.425 B USD Aug/23
Government Budget to GDP -3 % 2022
Military Expenditure 360 USD Million | 0.36 B USD 2022


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 177 index points Sep/23
Export Prices 96.6 index points Aug/23
Food Inflation 0.4 % Sep/23
GDP Deflator 104 index points 2Q/23
Import Prices 100 index points Aug/23
Inflation Rate YoY 0.7 % Sep/23
Producer Prices 217 index points Aug/23
Inflation Rate Mom 0.6 % Sep/23
Core Inflation Rate 2.6 % Sep/23
CPI Housing Utilities 100 Index Points Sep/23
CPI Transportation 103 Index Points Sep/23
Producer Prices Change  -3.3 % Aug/23


Trade Indicators

Indicator Data Period
Current Account to GDP -3.1 % 2022
Balance of Trade -782 USD Million | -0.782 USD Billion Aug/23
Capital Flows -367 USD Million | -0.367 USD Billion 2Q/23
Current Account -366 USD Million | -0.366 USD Billion 2Q/23
Exports 492 USD Million | 0.492 USD Billion Aug/23
External Debt 24155 USD Million | 24.155 USD Billion 2Q/23
Foreign Exchange Reserves 4821753 GEL Thousand | 1.792 USD Billion Sep/23
Imports 1274 USD Million | 1.274 USD Billion Aug/23


Money Indicators

Indicator Data Period
Interest Rate 10 % Sep/23
Money Supply M0 4433890 GEL Thousand | 1.648 USD Billion Aug/23
Money Supply M1 15362989 GEL Thousand | 5.711 USD Billion Aug/23
Money Supply M2 22648502 GEL Thousand | 8.42 USD Billion Aug/23
Money Supply M3 39317568 GEL Thousand | 14.616 USD Billion Aug/23
Deposit Interest Rate 11.38 % Jul/23
Foreign Direct Investment 506 USD Million | 0.506 B USD 2Q/23


Labor Indicators

Indicator Data Period
Retirement Age Men 65 2022
Retirement Age Women 60 2022
Unemployment Rate 16.7 % 2023
Wages 1805 GEL/Month | 671.004 USD/Month 2Q/23
Youth Unemployment Rate 23.4 % 2022
Employed Persons 1327 Thousand Person | 1.327 Million Person 2Q/23
Labor Force Participation Rate 53.2 % 2023
Unemployed Persons 267 Thousand Persons | 0.267 Million Persons 2023


Taxes

Indicator Data Period
Corporate Tax Rate 15 % 2023
Personal Income Tax Rate 20 % 2023
Sales Tax Rate 18 % 2023


Production Indicators

Indicator Data Period
Crude Oil Production 0.3 BBL/D/1K Jan/23
Industrial Production -9.8 % 2Q/23
Mining Production 3.14 % 2Q/23


Business Indicators

Indicator Data Period
Business Confidence 15.7 index points 3Q/23
Corruption Index 56 index points 2022
Corruption Rank 41 place 2022
Ease of Doing Business 7 place 2019
Manufacturing Production -2.81 % 2Q/23
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 -24.1 index points May/23
Retail Sales YoY 9.3 % 2Q/23
Consumer Spending 12837 GEL Million | 4.772 USD Billion 2Q/23