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Economy of Georgia. Statistics, Data and Indicators

flag
Georgia
38BB- Credit rank #77
N/A Quality of life #
44 Corruption rank#40
7 Ease of doing business#6
Georgia


Georgia Major Economic Indicators

Indicator Data Period
GDP Value 17.74 USD Billion 2019
GDP Annual Growth Rate -12.3 % 2Q/20
GDP per capita 4986 USD 2019
Inflation Rate YoY 4.8 % Aug/20
Interest Rate 8 % Sep/20
Unemployment Rate 12.7 % 2018
Wages 1150 GEL/Month | 350.61 USD/Month 2Q/20
Balance of Trade -351 USD Million | -0.351 B USD Aug/20
Current Account -418 USD Million | -0.418 B USD 1Q/20
Foreign Exchange Reserves 2706672 GEL Thousand | 0.825 B USD Dec/19


GDP
vvp
17.74
USD Billion
#120 from 174 countries
GDP per capita
vvp
4986
USD
#98 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 17.74 USD Billion 2019
GDP Annual Growth Rate -12.3 % 2Q/20
GDP per capita 4986 USD 2019
Gross National Product 10589 GEL Million | 3.228 USD Billion 2Q/19
GDP Constant Prices 8916 GEL Million | 2.718 B USD 2Q/20
GDP per capita PPP 15014 USD 2019
GDP From Agriculture  882 GEL Million | 0.269 B USD 3Q/19
GDP From Construction  738 GEL Million | 0.225 B USD 3Q/19
GDP From Manufacturing  738 GEL Million | 0.225 B USD 3Q/19
GDP From Mining  107 GEL Million | 0.033 B USD 3Q/19
GDP From Public Administration  655 GEL Million | 0.2 B USD 3Q/19
GDP From Services  448 GEL Million | 0.137 B USD 2Q/19
GDP From Transport  482 GEL Million | 0.147 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 43 % 2018
Government Budget Value -345 GEL Million | -0.105 USD Billion Jun/20
Government Spending 1525 GEL Million | 0.465 USD Billion 1Q/20
Government Revenues 870 GEL Million | 0.265 USD Billion Jul/20
Fiscal Expenditure  1210 GEL Million | 0.369 B USD Jul/20
Government Budget to GDP -2.3 % 2018
Military Expenditure 312 USD Million | 0.312 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 139 index points Aug/20
Export Prices 98.5 index points Jun/20
Food Inflation 11.5 % Jul/20
GDP Deflator 106 index points 2Q/20
Import Prices 99.3 index points Jun/20
Inflation Rate YoY 4.8 % Aug/20
Producer Prices 174 index points Aug/20
Inflation Rate Mom -0.5 % Jul/20
Core Inflation Rate 5.7 % Aug/20
CPI Housing Utilities 100 Index Points Aug/20
CPI Transportation 101 Index Points Aug/20
Producer Prices Change  4.9 % Aug/20


Trade Indicators

Indicator Data Period
Current Account to GDP -7.7 % 2018
Balance of Trade -351 USD Million | -0.351 USD Billion Aug/20
Capital Flows 584 USD Million | 0.584 USD Billion 4Q/19
Current Account -418 USD Million | -0.418 USD Billion 1Q/20
Exports 292 USD Million | 0.292 USD Billion Aug/20
External Debt 18282 USD Million | 18.282 USD Billion 1Q/20
Foreign Exchange Reserves 2706672 GEL Thousand | 0.825 USD Billion Dec/19
Imports 643 USD Million | 0.643 USD Billion Aug/20


Money Indicators

Indicator Data Period
Interest Rate 8 % Sep/20
Money Supply M0 3525805 GEL Thousand | 1.075 USD Billion Jul/20
Money Supply M1 9252274 GEL Thousand | 2.821 USD Billion Jul/20
Money Supply M2 12556854 GEL Thousand | 3.828 USD Billion Jul/20
Money Supply M3 26853912 GEL Thousand | 8.187 USD Billion Jul/20
Deposit Interest Rate 9.86 % Jul/20
Foreign Direct Investment 165 USD Million | 0.165 B USD 1Q/20


Labor Indicators

Indicator Data Period
Retirement Age Men 65 2018
Retirement Age Women 60 2018
Unemployment Rate 12.7 % 2018
Wages 1150 GEL/Month | 350.61 USD/Month 2Q/20
Youth Unemployment Rate 26.6 % 2018
Employed Persons 688 Thousand Person | 0.688 Million Person 2Q/19
Labor Force Participation Rate 63.9 % 2018
Unemployed Persons 246 Thousand Persons | 0.246 Million Persons 2018


Taxes

Indicator Data Period
Corporate Tax Rate 15 % 2020
Personal Income Tax Rate 20 % 2019
Sales Tax Rate 18 % 2020


Production Indicators

Indicator Data Period
Crude Oil Production 0.4 BBL/D/1K May/20
Industrial Production -5.3 % 2Q/20
Mining Production 8.3 % 3Q/19


Business Indicators

Indicator Data Period
Business Confidence -27.2 index points 2Q/20
Corruption Index 56 index points 2019
Corruption Rank 44 place 2019
Ease of Doing Business 7 place 2019
Manufacturing Production 20.5 % 3Q/19
Competitiveness Index 60.61 Index Points 2019
Competitiveness Rank 74 2019
Leading Economic Index  -5.5 % Jul/20


Consumer Indicators

Indicator Data Period
Consumer Confidence -40.2 index points May/20
Retail Sales YoY -14.5 % 2Q/20
Consumer Spending 8388 GEL Million | 2.557 USD Billion 1Q/20


Gold Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
gold_reserve_icon
0.825
USD Billion
#104 from 114 countries


Government Budget Value
balance_icon
-0.105
USD Billion
#33 from 113 countries
Inflation Rate
inflation_icon
4.8
%
#30 from 174 countries


Interest Rate
discount_rate_icon
8
%
#36 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
12.7
%
#32 from 171 countries
Wages
salary_icon
350.61
USD/Month
#67 from 82 countries


Retirement Age
man_icon
woman_icon
65
60
men
women
Taxes
company_icon
private_icon
15%
20%
company profits
income of individuals