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ECON FACTBOOK

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Economy of Georgia

Population: 4.5 million in 20131

GDP: $16.1 billion in 20132

GDP per capita: $3,605 nominal3 ($7,165 PPP4) in 2013

GDP growth rate: 3.3% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities4,83638.4%
Wholesale, retail trade, restaurants and hotels2,38318.9%
Manufacturing1,62512.9%
Transport, storage and communication1,31210.4%
Agriculture, hunting, forestry, fishing1,1008.7%
Construction8356.6%
Mining and utilities5014.0%
Total value added12,591100%

Employment

Unemployment rate: 14.3% in 20137

Employment by Industry 20068

Employment sectorPercent of total
Agriculture56%
Services35%
Industry9%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $69 billion (429% of GDP) in 201410

Household Wealth per Adult: $21,857 in 201410

Gini Coefficient: .362 in 201311

Government

Central Government

Central Government Revenue: $4.8 billion (30% of GDP) in 201312

Central Government Expenditure: $5.3 billion (33% of GDP) in 201312

Central Government Budget Balance: -$0.5 billion (-3% of GDP) in 201312

Central Government Public Debt: $4.7 billion (29% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 2.03 GEL = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 201314

Corporate Tax Rate: 15% in 201415

Monetary Policy

Money Supply (M0): $2.0 billion (13% of GDP) in Jan 2015* 16

Benchmark Interest Rate: 4.00% in Dec 201417

Total Reserves: $2.0 billion (12% of GDP) in 201318

Exchange Rate: 2.03 Georgian Lari = 1 U.S. Dollar on Feb 11, 201519

Inflation: -0.5% in 201320

* Money supply calculated using the exchange rate 2.03 GEL = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $2.6 billion (16% of GDP) in 201322

Imports: $7.1 billion (44% of GDP) in 201322

Trade Balance: -$4.5 billion (-28% of GDP) in 201322

Foreign Direct Investment Inflow: $949 million (6% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $662 million (4% of GDP) in 201224

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board (Public debt) Go back
14. Source: PKF Tax Guide (Individual tax rates) Go back
15. Source: Tax Foundation (Corporate tax rate) Go back
16. Source: IMF Dissemination Standards Bulletin Board, Access Summary Data (Money supply) Go back
17. Source: IMF Dissemination Standards Bulletin Board, Access National Summary Data (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back