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 | 18.7 USD Billion | 2021 |
| GDP Annual Growth Rate | 7.1 % | 2Q/22 |
| GDP per capita | 4927 USD | 2021 |
| Inflation Rate YoY | 10.4 % | Nov/22 |
| Interest Rate | 11 % | Oct/22 |
| Unemployment Rate | 15.6 % | 2022 |
| Wages | 1541 GEL/Month | 587.003 USD/Month | 2Q/22 |
| Balance of Trade | -674 USD Million | -0.674 B USD | Oct/22 |
| Current Account | -252 USD Million | -0.252 B USD | 2Q/22 |
| Foreign Exchange Reserves | 3922613 GEL Thousand | 1.494 B USD | Oct/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 18.7 USD Billion | 2021 |
| GDP Annual Growth Rate | 7.1 % | 2Q/22 |
| GDP per capita | 4927 USD | 2021 |
| Gross National Product | 16909 GEL Million | 6.441 USD Billion | 2Q/22 |
| GDP Constant Prices | 12018 GEL Million | 4.578 B USD | 2Q/22 |
| GDP per capita PPP | 15472 USD | 2021 |
| GDP From Agriculture | 937 GEL Million | 0.357 B USD | 2Q/22 |
| GDP From Construction | 492 GEL Million | 0.187 B USD | 2Q/22 |
| GDP From Manufacturing | 1022 GEL Million | 0.389 B USD | 2Q/22 |
| GDP From Mining | 154 GEL Million | 0.059 B USD | 2Q/22 |
| GDP From Public Administration | 712 GEL Million | 0.271 B USD | 2Q/22 |
| GDP From Services | 1515 GEL Million | 0.577 B USD | 2Q/22 |
| GDP From Transport | 733 GEL Million | 0.279 B USD | 2Q/22 |
| GDP From Utilities | 382 GEL Million | 0.146 B USD | 2Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 57.1 % | 2021 |
| Government Budget Value | 75.52 GEL Million | 0.029 USD Billion | Oct/22 |
| Government Spending | 2151 GEL Million | 0.819 USD Billion | 2Q/22 |
| Government Revenues | 1520 GEL Million | 0.579 USD Billion | Oct/22 |
| Fiscal Expenditure | 1297 GEL Million | 0.494 B USD | Oct/22 |
| Government Budget to GDP | -6 % | 2021 |
| Military Expenditure | 302 USD Million | 0.302 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 177 index points | Nov/22 |
| Export Prices | 99.3 index points | Sep/22 |
| Food Inflation | 16.8 % | Nov/22 |
| GDP Deflator | 108 index points | 2Q/22 |
| Import Prices | 100 index points | Sep/22 |
| Inflation Rate YoY | 10.4 % | Nov/22 |
| Producer Prices | 224 index points | Oct/22 |
| Inflation Rate Mom | 0.5 % | Nov/22 |
| Core Inflation Rate | 7.3 % | Oct/22 |
| CPI Housing Utilities | 101 Index Points | Nov/22 |
| CPI Transportation | 99.92 Index Points | Nov/22 |
| Producer Prices Change | 5.6 % | Oct/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -9.8 % | 2021 |
| Balance of Trade | -674 USD Million | -0.674 USD Billion | Oct/22 |
| Capital Flows | -200 USD Million | -0.2 USD Billion | 2Q/22 |
| Current Account | -252 USD Million | -0.252 USD Billion | 2Q/22 |
| Exports | 449 USD Million | 0.449 USD Billion | Oct/22 |
| External Debt | 22273 USD Million | 22.273 USD Billion | 2Q/22 |
| Foreign Exchange Reserves | 3922613 GEL Thousand | 1.494 USD Billion | Oct/22 |
| Imports | 1123 USD Million | 1.123 USD Billion | Oct/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 11 % | Oct/22 |
| Money Supply M0 | 3835017 GEL Thousand | 1.461 USD Billion | Oct/22 |
| Money Supply M1 | 11833904 GEL Thousand | 4.508 USD Billion | Oct/22 |
| Money Supply M2 | 17513424 GEL Thousand | 6.671 USD Billion | Oct/22 |
| Money Supply M3 | 35275452 GEL Thousand | 13.437 USD Billion | Oct/22 |
| Deposit Interest Rate | 11.72 % | Oct/22 |
| Foreign Direct Investment | 352 USD Million | 0.352 B USD | 2Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 60 | 2022 |
| Unemployment Rate | 15.6 % | 2022 |
| Wages | 1541 GEL/Month | 587.003 USD/Month | 2Q/22 |
| Youth Unemployment Rate | 26.8 % | 2021 |
| Employed Persons | 1359 Thousand Person | 1.359 Million Person | 3Q/22 |
| Labor Force Participation Rate | 53.5 % | 2022 |
| Unemployed Persons | 251 Thousand Persons | 0.251 Million Persons | 2022 |
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 | Aug/22 |
| Industrial Production | 17.6 % | 3Q/22 |
| Mining Production | 12.6 % | 2Q/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 | -1.58 % | 2Q/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 | -24.1 index points | Sep/22 |
| Retail Sales YoY | 16.8 % | 3Q/22 |
| Consumer Spending | 12539 GEL Million | 4.776 USD Billion | 2Q/22 |
