Georgia Economic Statistics and Indicators

30, Aug 2015, EDT. Welcome to the Georgia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Georgia › Change country
National or Regional Currency: Lari, GEL
Year of data: 2014 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 4,935,880 (July 2014 est.)
Area: total: 69,700 sq km ; land: 69,700 sq km ; water: 0 sq km
Natural Resources: timber, hydropower, manganese deposits, iron ore, copper, minor coal and oil deposits; coastal climate and soils allow for important tea and citrus growth
Capital: name: Tbilisi ; geographic coordinates: 41 41 N, 44 50 E ; time difference: UTC+4 (9 hours ahead of Washington, DC, during Standard Time)

Georgia's main economic activities include cultivation of agricultural products such as grapes, citrus fruits, and hazelnuts; mining of manganese, copper, and gold; and producing alcoholic and nonalcoholic beverages, metals, machinery, and chemicals in small-scale industries. The country imports nearly all its needed supplies of natural gas and oil products. It has sizeable hydropower capacity that now provides most of its energy needs. Georgia has overcome the chronic energy shortages and gas supply interruptions of the past by renovating hydropower plants and by increasingly relying on natural gas imports from Azerbaijan instead of from Russia. Construction of the Baku-T'bilisi-Ceyhan oil pipeline, the South Caucasus gas pipeline, and the Kars-Akhalkalaki Railroad are part of a strategy to capitalize on Georgia's strategic location between Europe and Asia and develop its role as a transit point for gas, oil, and other goods. The expansion of the South Caucasus pipeline, as part of the Shah Deniz II Southern Gas Corridor project, will result in a $2 billion foreign investment in Georgia, the largest ever in the country. Gas from Shah Deniz II is expected to begin flowing in 2019. Georgia's economy sustained GDP growth of more than 10% in 2006-07, based on strong inflows of foreign investment and robust government spending. However, GDP growth slowed following the August 2008 conflict with Russia, and sunk to negative 4% in 2009 as foreign direct investment and workers' remittances declined in the wake of the global financial crisis. The economy rebounded in 2010-13, but FDI inflows, the engine of Georgian economic growth prior to the 2008 conflict, have not recovered fully. Unemployment has also remained high. Georgia has historically suffered from a chronic failure to collect tax revenues; however, since 2004 the government has simplified the tax code, improved tax administration, increased tax enforcement, and cracked down on petty corruption, leading to higher revenues. The country is pinning its hopes for renewed growth on a determined effort to continue to liberalize the economy by reducing regulation, taxes, and corruption in order to attract foreign investment, with a focus on hydropower, agriculture, tourism, and textiles production. The government has received high marks from the World Bank for its anti-corruption efforts. Over the past year the Georgian Dream-led government continued the previous administration's low-regulation, low-tax, free market policies, while modestly increasing social spending, strengthening anti-trust policy, and amending the labor code to comply with International Labor Standards. The government is finalizing its 2020 Economic Development Strategy and has launched the Georgia Co-Investment Fund, a $6 billion private equity fund that will invest in tourism, agriculture, logistics, energy, infrastructure, and manufacturing.
More on the Georgia Economy
More on the Georgia Export, Import and Trade

Economic Indicator Listing
  For Georgia in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 5.033 %
GDP (Current Prices, National Currency)GEL 29.191 Billion.
GDP (Current Prices, US Dollars)US$ 16.125 Billion
GDP Deflator 214.971 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)GEL 3,037.78 .
GDP Per Capita (Current Prices, National Currency)GEL 6,530.36 .
GDP Per Capita (Current Prices, US Dollars)US$ 3,607.32
GDP (PPP), US DollarsUS$ 34.265 Billion
GDP Per Capita (PPP), US DollarsUS$ 7,665.57
GDP Share of World Total (PPP) 0.032 %
Implied PPP Conversion Rate 0.852
Investment (% of GDP) 25.949 %
Gross National Savings (% of GDP) 17.594 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 271.871 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 4.572 %
Inflation, End of Year (Indexed to Year 2000) 269.791 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 5 %
Import Volume of All Items Including Goods and Services (Percent Change) 11.074 %
Import Volumes of Goods Only (Percent Change) 11.464 %
Export Volume of All Items Including Goods and Services (Percent Change) 8.622 %
Export Volumes of Goods Only (Percent Change) 7.502 %
Unemployment Rate (% of Labour Force) n/a %
Population 4.47 Million
General government revenue (National Currency)GEL 7.909 Billions.
General government revenue (% of GDP) 27.095 %
General government total expenditure (National Currency)GEL 8.753 Billions.
General government total expenditure (% of GDP) 29.987 %
Total Government Net Lending/ Borrowing (National Currency)GEL -0.844 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -2.892 %
General Government Structural Balance (National Currency)GEL -0.817 Billion.
General Government Structural Balance (% Potential GDP) -2.8 %
Fiscal Year Gross Domestic Product, Current PricesGEL 29.191 Billions.
Current Account Balance (US Dollars)US$ -1.347 Billion
Current Account Balance (% GDP) -8.354 %
Economic Indicators for Georgia 2014

GDP (Constant Prices, National Currency) for Georgia in year 2014 is GEL 13.579 Billion.

GDP Growth (Constant Prices, National Currency) for Georgia in year 2014 is 5.033 %.

GDP (Current Prices, National Currency) for Georgia in year 2014 is GEL 29.191 Billion.

GDP (Current Prices, US Dollars) for Georgia in year 2014 is US$ 16.125 Billion.

GDP Deflator for Georgia in year 2014 is 214.971 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Georgia in year 2014 is GEL 3,037.78 .

GDP Per Capita (Current Prices, National Currency) for Georgia in year 2014 is GEL 6,530.36 .

GDP Per Capita (Current Prices, US Dollars) for Georgia in year 2014 is US$ 3,607.32 .

GDP (PPP), US Dollars for Georgia in year 2014 is US$ 34.265 Billion.

GDP Per Capita (PPP), US Dollars for Georgia in year 2014 is US$ 7,665.57 .

GDP Share of World Total (PPP) for Georgia in year 2014 is 0.032 %.

Implied PPP Conversion Rate for Georgia in year 2014 is 0.852 .

Investment (% of GDP) for Georgia in year 2014 is 25.949 %.

Gross National Savings (% of GDP) for Georgia in year 2014 is 17.594 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Georgia in year 2014 is 271.871 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Georgia in year 2014 is 4.572 %.

Inflation, End of Year (Indexed to Year 2000) for Georgia in year 2014 is 269.791 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Georgia in year 2014 is 5 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Georgia in year 2014 is 11.074 %.

Import Volumes of Goods Only (Percent Change) for Georgia in year 2014 is 11.464 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Georgia in year 2014 is 8.622 %.

Export Volumes of Goods Only (Percent Change) for Georgia in year 2014 is 7.502 %.

Unemployment Rate (% of Labour Force) for Georgia in year 2014 is n/a %.

Population for Georgia in year 2014 is 4.47 Million .

General government revenue (National Currency) for Georgia in year 2014 is GEL 7.909 Billions.

General government revenue (% of GDP) for Georgia in year 2014 is 27.095 %.

General government total expenditure (National Currency) for Georgia in year 2014 is GEL 8.753 Billions.

General government total expenditure (% of GDP) for Georgia in year 2014 is 29.987 %.

Total Government Net Lending/ Borrowing (National Currency) for Georgia in year 2014 is GEL -0.844 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Georgia in year 2014 is -2.892 %.

General Government Structural Balance (National Currency) for Georgia in year 2014 is GEL -0.817 Billion.

General Government Structural Balance (% Potential GDP) for Georgia in year 2014 is -2.8 %.

Fiscal Year Gross Domestic Product, Current Prices for Georgia in year 2014 is GEL 29.191 Billions.

Current Account Balance (US Dollars) for Georgia in year 2014 is US$ -1.347 Billion.

Current Account Balance (% GDP) for Georgia in year 2014 is -8.354 %.

* Source: IMF
Aggregate Indicators for Georgia
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Georgia
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Georgia
  Natural Resources, Agricultural Products, Land Use and Water Use for Georgia
  Nationality, Ethnic Groups, Languages and Religions for Georgia
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Georgia
  Age Structure, Median Age, Gender and Urbanization for Georgia
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Georgia
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Georgia
  HIV, AIDS and Other Major Infectious Disease Rates for Georgia
  Literacy Rate, Educational Expenditure and School Life Expectancy for Georgia
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Georgia
  Industries and Industrial Growth Production Rate for Georgia
  Labor Force by Occupation for Georgia
  Poverty Line, Gini Index, Household Income and Consumption for Georgia
  National Budget and Public Debt for Georgia
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Georgia
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Georgia
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Georgia
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Georgia
  Foreign Exchange Reserves and Gold Reserves for Georgia
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Georgia
  Exchange Rate Statistics for Georgia
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Georgia
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Georgia
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Georgia
  Television and Radio Statistics (TV Stats, Radio Stats) for Georgia
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Georgia
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Georgia
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Georgia
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Georgia
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Georgia
* Source: CIA
Internet Indicators for Georgia
Indicators
  Number of Internet Users for Georgia
  Internet Penetration Rate for Georgia
  Number of Facebook Accounts for Georgia
  Facebook Penetration Rate for Georgia
* Source: IWS
Economic Freedom Indicators for Georgia
Indicators
  Economic Freedom World Rank for Georgia
  Economic Freedom Regional Ranking for Georgia
  Business Freedom for Georgia
  Trade Freedom for Georgia
  Fiscal Freedom for Georgia
  Government Spending for Georgia
  Monetary Freedom for Georgia
  Investment Freedom for Georgia
  Financial Freedom for Georgia
  Property Rights for Georgia
  Freedom from Corruption for Georgia
  Labor Freedom for Georgia
  Tariff Rate for Georgia
  Income Tax Rate for Georgia
  Corporate Tax Rate for Georgia
  Tax Burden % of GDP for Georgia
  Government Expenditure % of GDP for Georgia
* Source: HFO
Corruption Perceptions Index Rank and Score for Georgia
Indicator
  Corruption Perceptions Index Rank and Score for Georgia
* Source: TIO
Georgia Economic Indicators in other Years
  Georgia Economic Indicators for Year 2019 (Forecast)
  Georgia Economic Indicators for Year 2018 (Forecast)
  Georgia Economic Indicators for Year 2017 (Forecast)
  Georgia Economic Indicators for Year 2016 (Forecast)
  Georgia Economic Indicators for Year 2015 (Forecast)
Georgia Economic Indicators for Year 2014 (Current)
  Georgia Economic Indicators for Year 2013
  Georgia Economic Indicators for Year 2012
  Georgia Economic Indicators for Year 2011
  Georgia Economic Indicators for Year 2010
  Georgia Economic Indicators for Year 2009
  Georgia Economic Indicators for Year 2008
  Georgia Economic Indicators for Year 2007
  Georgia Economic Indicators for Year 2006
  Georgia Economic Indicators for Year 2005
  Georgia Economic Indicators for Year 2004
  Georgia Economic Indicators for Year 2003
  Georgia Economic Indicators for Year 2002
  Georgia Economic Indicators for Year 2001
  Georgia Economic Indicators for Year 2000
  Georgia Economic Indicators for Year 1999
  Georgia Economic Indicators for Year 1998
  Georgia Economic Indicators for Year 1997
  Georgia Economic Indicators for Year 1996
  Georgia Economic Indicators for Year 1995
  Georgia Economic Indicators for Year 1994
  Georgia Economic Indicators for Year 1993
  Georgia Economic Indicators for Year 1992
  Georgia Economic Indicators for Year 1991
  Georgia Economic Indicators for Year 1990
  Georgia Economic Indicators for Year 1989
  Georgia Economic Indicators for Year 1988
  Georgia Economic Indicators for Year 1987
  Georgia Economic Indicators for Year 1986
  Georgia Economic Indicators for Year 1985
  Georgia Economic Indicators for Year 1984
  Georgia Economic Indicators for Year 1983
  Georgia Economic Indicators for Year 1982
  Georgia Economic Indicators for Year 1981
  Georgia Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International