Georgia General Government Structural Balance (% Potential GDP) Statistics

17, Feb 2019, EST.

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Country or Region: Georgia › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Georgia indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Lari
Currency Symbol: GEL

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Georgia , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Georgia in year 2015 is -0.25 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Georgia No. 13 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Georgia is 0.64 more than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Georgia was -1.28 % General Government Structural Balance (% Potential GDP) for Georgia in 2015 was or will be 80.39% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Georgia was or will be 0.12 %, which is 147.60% less than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Georgia, in other Years
Year %
  2021 -1.726
  2020 -0.899
  2019 -0.542
  2018 -0.425
  2017 -0.376
  2016 0.119
2015 -0.25
  2014 -1.275
  2013 -0.138
  2012 -1.645
  2011 -1.057
  2010 -3.63
  2009 -7.386
  2008 -3.565
  2007 -1.579
  2006 3.013
  2005 2.644
  2004 4.97
  2003 n/a
  2002 n/a
  2001 n/a
  2000 n/a
  1999 n/a
  1998 n/a
  1997 n/a
  1996 n/a
  1995 n/a
  1994 n/a
  1993 n/a
  1992 n/a
  1991 n/a
  1990 n/a
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a