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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 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