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 | 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 |
