Markets Actual Q4 Q1 Q2 Q3 2022
Currency 3.07 3.09 3.11 3.13 3.15 3.18

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 29.90 7 3.5 3.5 3 4.5
Unemployment Rate (%) 18.50 18 16.9 16.9 1.9 16.9
Inflation Rate (%) 12.80 13.5 10.3 8.8 3.2 3
Interest Rate (%) 10.00 10.5 10.5 10.5 10.5 10
Balance of Trade (USD Million) -492.80 -440 -500 -500 -500 -500
Current Account (USD Million) -383.30 -450 -450 -450 -450 -450
Current Account to GDP (% of GDP) -12.30 -11 -8 -8 -8 -8
Government Debt to GDP (% of GDP) 57.10 56 53 53 53 53
Government Budget (% of GDP) -9.30 -7.5 -7.5 -3.7 -3.7 -3.7
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 20.00 20 20 20 20 20

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 29.90 7 3.5 3.5 3 4.5
GDP (USD Billion) 15.89 15.2 15.2 15.2 15.2 16.8
GDP Constant Prices (GEL Million) 11475.30 9693 10872 8966 11877 11361
Gross Fixed Capital Formation (GEL Million) 3476.50 3750 3108 3598 3581 3808
GDP per capita (USD) 4486.83 4850 5000 5000 5000 5000
GDP per capita PPP (USD) 14089.30 14500 15200 15200 15200 15200
Gross National Product (GEL Million) 15100.00 11358 11198 15629 15553 14728
GDP From Agriculture (GEL Million) 760.73 565 551 787 784 698
GDP From Construction (GEL Million) 658.30 610 379 681 678 843
GDP From Manufacturing (GEL Million) 1121.30 857 907 1161 1155 974
GDP From Mining (GEL Million) 122.70 87.47 154 127 126 107
GDP From Public Administration (GEL Million) 676.70 966 723 700 697 800
GDP From Services (GEL Million) 1468.80 621 1055 1520 1513 1580
GDP From Transport (GEL Million) 615.68 653 475 455 455 496
GDP From Utilities (GEL Million) 213.80 216 184 221 220 176

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 18.50 18 16.9 16.9 1.9 16.9
Unemployed Persons (Thousand) 281.90 262 262 262 262 262
Labor Force Participation Rate (%) 50.48 65.9 65.9 65.9 65.9 65.9
Wages (GEL/Month) 1328.00 1400 1400 1400 1400 1400
Population (Million) 3.73 3.74 3.74 3.74 3.74 3.75
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 60.00 60 60 60 60 60
Wages In Manufacturing (GEL) 1295.76 1200 1200 1200 1200 1200
Youth Unemployment Rate (%) 39.40 25 25 25 25 25

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 12.80 13.5 10.3 8.8 3.2 3
Consumer Price Index CPI (points) 159.50 160 166 167 163 165
Inflation Rate Mom (%) 1.30 0.3 0.5 0.5 0.5 0.5
Food Inflation (%) 18.40 3.2 2.8 2.8 2.8 3.5
CPI Housing Utilities (points) 100.89 88.55 150 112 103 91.21
CPI Transportation (points) 100.51 101 101 102 102 103
Producer Prices (points) 212.20 216 208 208 214 230
Producer Prices Change (%) 17.70 19.2 5.5 3.5 3.5 6.6

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 10.00 10.5 10.5 10.5 10.5 10
Deposit Interest Rate (%) 11.28 11.78 11.78 11.78 11.78 11.28

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -492.80 -440 -500 -500 -500 -500
Current Account (USD Million) -383.30 -450 -450 -450 -450 -450
Current Account to GDP (% of GDP) -12.30 -11 -8 -8 -8 -8
Imports (USD Million) 904.00 800 850 850 850 850
Exports (USD Million) 411.10 360 350 350 350 350
Foreign Direct Investment (USD Million) 234.20 376 376 376 376 376
External Debt (USD Million) 20630.41 20500 20500 20500 20500 20500

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 57.10 56 53 53 53 53
Government Budget (% of GDP) -9.30 -7.5 -7.5 -3.7 -3.7 -3.7
Government Spending (GEL Million) 1926.50 2299 1805 1994 1984 2310
Government Budget Value (GEL Million) -279.20 169 169 169 169 169
Military Expenditure (USD Million) 304.00 333 333 333 333 333

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 20.00 20 20 20 20 20
Sales Tax Rate (%) 18.00 18 18 18 18 18

Business Actual Q4 Q1 Q2 Q3 2022
Industrial Production (%) 47.80 4 4 4 4 4
Manufacturing Production (%) 53.50 13.4 13.4 13.4 13.4 13.4
Changes in Inventories (GEL Million) 192.60 414 414 414 414 414
Business Confidence (points) 1.70 -4 -4 -4 -4 1
Mining Production (%) 13.03 22 22 22 22 22

Consumer Actual Q4 Q1 Q2 Q3 2022
Retail Sales YoY (%) 51.10 3 3 3 3 3
Consumer Spending (GEL Million) 12288.60 8186 8758 12719 12657 12057
Consumer Confidence (points) -34.20 -19 -19 -19 -19 -17


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Georgia Forecast - was last updated on Sunday, November 28, 2021.