Markets Actual Q4 Q1 Q2 Q3 2023
Currency 2.79 2.85 2.91 2.97 3.03 3.15

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Annual Growth Rate (%) 7.10 5 4 4 4 4
Unemployment Rate (%) 20.60 19.9 19.2 19.2 19.2 19.2
Inflation Rate (%) 11.50 10.4 9.5 8.1 7 6
Interest Rate (%) 11.00 11 12 12 12 10
Balance of Trade (USD Million) -743.00 -700 -790 -545 -535 -850
Current Account (USD Million) -598.40 -830 -830 -520 -520 -680
Current Account to GDP (% of GDP) -9.80 -10 -10 -8 -8 -8
Government Debt to GDP (% of GDP) 57.10 58 58 57 57 60
Government Budget (% of GDP) -6.00 -5 -4 -4 -4 -4
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 2023
GDP Annual Growth Rate (%) 7.10 5 4 4 4 4
GDP (USD Billion) 18.70 19 21 21 21 21
GDP Constant Prices (GEL Million) 12017.90 11054 11538 10493 12499 12000
Gross Fixed Capital Formation (GEL Million) 4262.80 3274 2845 4433 4433 3405
GDP per Capita (USD) 4927.06 5200 5500 5500 5500 5500
GDP per Capita PPP (USD) 15471.72 15200 15200 15700 15700 15700
Full Year GDP Growth (%) 10.40 5 4 4 4 4
Gross National Product (GEL Million) 16300.00 15645 17115 16952 16952 17800
GDP from Agriculture (GEL Million) 937.30 936 682 545 975 710
GDP from Construction (GEL Million) 491.60 462 519 431 511 540
GDP from Manufacturing (GEL Million) 1022.50 833 805 998 1063 837
GDP from Mining (GEL Million) 154.30 138 134 204 160 139
GDP from Public Administration (GEL Million) 711.70 708 744 749 740 774
GDP from Services (GEL Million) 1515.00 1593 1679 1204 1576 1746
GDP from Transport (GEL Million) 732.60 465 644 635 762 669
GDP from Utilities (GEL Million) 382.50 289 265 292 398 275

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 20.60 19.9 19.2 19.2 19.2 19.2
Unemployed Persons (Thousand) 316.20 305 295 295 295 295
Labor Force Participation Rate (%) 50.90 51 50.1 50.1 50.1 50.1
Wages (GEL/Month) 1541.32 1400 1400 1400 1400 1400
Population (Million) 3.69 3.7 3.8 3.8 3.8 3.8
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 60.00 60 60 60 60 60
Wages in Manufacturing (GEL) 1459.76 1200 1200 1200 1200 1200
Youth Unemployment Rate (%) 39.40 35 32 32 32 32

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 11.50 10.4 9.5 8.1 7 6
Consumer Price Index CPI (points) 175.60 178 184 188 188 188
Inflation Rate MoM (%) 0.80 1.3 0.7 0.5 0.5 0.5
Food Inflation (%) 17.60 17 15 11 11 9
CPI Housing Utilities (points) 100.12 111 111 109 107 117
CPI Transportation (points) 100.18 101 102 103 103 104
Producer Prices (points) 224.60 235 253 263 256 275
Producer Prices Change (%) 11.00 12.6 12 10.5 10.5 8.7

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 11.00 11 12 12 12 10
Deposit Interest Rate (%) 11.46 11.46 11.46 12.46 12.46 12.46

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (USD Million) -743.00 -700 -790 -545 -535 -850
Current Account (USD Million) -598.40 -830 -830 -520 -520 -680
Current Account to GDP (% of GDP) -9.80 -10 -10 -8 -8 -8
Imports (USD Million) 1213.60 1200 950 880 880 1250
Exports (USD Million) 470.60 410 405 345 345 400
Foreign Direct Investment (USD Million) 351.77 400 150 260 260 380
External Debt (USD Million) 22272.86 23100 23280 23600 23600 24300

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 57.10 58 58 57 57 60
Government Budget (% of GDP) -6.00 -5 -4 -4 -4 -4
Government Spending (GEL Million) 2151.40 2650 2223 2237 2237 2756
Government Budget Value (GEL Million) -167.60 -800 50 -150 -150 -700
Military Expenditure (USD Million) 304.00 333 333 333 333 333

Taxes Actual Q4 Q1 Q2 Q3 2023
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 2023
Industrial Production (%) 23.10 36 40 40 40 40
Manufacturing Production (%) 42.00 3 3 3 3 3
Changes in Inventories (GEL Million) 517.20 350 280 320 320 340
Business Confidence (points) 15.10 20 16 19 19 22
Mining Production (%) 21.80 1 2 2 2 2

Consumer Actual Q4 Q1 Q2 Q3 2023
Retail Sales YoY (%) 22.60 20 11 13 13 11
Consumer Spending (GEL Million) 12538.80 14408 11722 13040 13040 14984
Consumer Confidence (points) -23.90 -25 -22 -21 -21 -20