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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 #
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 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