Economy of Georgia. Statistics, Data and Indicators
Georgia
| 38BB- | Credit rank #77 |
| N/A | Quality of life # |
| 45 | Corruption rank#40 |
| 7 | Ease of doing business#6 |
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
15.89
USD Billion
#120 from 174 countries
GDP per capita
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
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
1.177
USD Billion
#104 from
114 countries
Government Budget Value
-0.11
USD Billion
#33 from 113 countries
Inflation Rate
9.9
%
#30 from
174 countries
Interest Rate
9.5
%
#36 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
18.5
%
#32 from
171 countries
Wages
398.073
USD/Month
#67 from
82 countries
Retirement Age
65
60
men
women
Taxes
15%
20%
company profits
income of individuals
