Markets Actual Q1/23 Q2/23 Q3/23 Q4/23
Currency 2.60 2.67 2.73 2.78 2.84


GDP Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 9.80 9 7 6.3 4
GDP (USD Billion) 18.63 21
GDP Constant Prices (GEL Million) 11601.30 11035 12865 12332 12065
Gross Fixed Capital Formation (GEL Million) 3717.70 2982 5189 3952 3866
GDP per Capita (USD) 4931.82 5500
Full Year GDP Growth (%) 10.40 3.9
Gross National Product (GEL Million) 17800.00 14497 17655 18921 18512
GDP from Agriculture (GEL Million) 932.60 576 1030 991 970
GDP from Construction (GEL Million) 448.40 494 507 477 466
GDP from Manufacturing (GEL Million) 827.80 1059 1117 880 861
GDP from Mining (GEL Million) 161.60 207 165 172 168
GDP from Public Administration (GEL Million) 708.60 772 761 753 737
GDP from Services (GEL Million) 1479.20 1167 1483 1572 1538
GDP from Transport (GEL Million) 632.30 656 817 672 658
GDP from Utilities (GEL Million) 400.10 314 446 425 416
GDP per Capita PPP (USD) 15486.66 15700

Labour Actual Q1/23 Q2/23 Q3/23 Q4/23
Unemployment Rate (%) 15.60 16.2 17.5 17 19.2
Unemployed Persons (Thousand) 250.70 295 295 295
Labor Force Participation Rate (%) 53.50 50.1 50.1 50.1
Population (Million) 3.69 3.65
Retirement Age Men (Years) 65.00 65
Retirement Age Women (Years) 60.00 60
Youth Unemployment Rate (%) 26.80 32

Prices Actual Q1/23 Q2/23 Q3/23 Q4/23
Inflation Rate (%) 9.80 8.5 8.1 7 6
Consumer Price Index CPI (points) 176.90 183 188 188 188
GDP Deflator (points) 108.00 118 117 116 114
Inflation Rate MoM (%) -0.30 0.7 0.5
Food Inflation (%) 16.30 15 11 9.9 7.5
CPI Housing Utilities (points) 100.79 110 108 107 107
Producer Prices (points) 224.80 242 242 235 232
Producer Prices Change (%) 0.10 3 4.5 4.2 3

Money Actual Q1/23 Q2/23 Q3/23 Q4/23
Interest Rate (%) 11.00 12 12 11 10
Deposit Interest Rate (%) 11.83 12.83 12.83 11.83 10.83

Trade Actual Q1/23 Q2/23 Q3/23 Q4/23
Imports (USD Million) 1378.50 950 880 1250
Exports (USD Million) 555.80 405 345 400
Foreign Direct Investment (USD Million) 745.30 150 260 380
External Debt (USD Million) 22172.55 23280 23600 24300
Current Account to GDP (% of GDP) -9.80 -8

Government Actual Q1/23 Q2/23 Q3/23 Q4/23
Government Debt to GDP (% of GDP) 57.10 60
Government Budget (% of GDP) -6.00 -4
Government Spending (GEL Million) 2137.60 2330 2403 2272 2223
Government Budget Value (GEL Million) -88.30 50 -150 -700

Taxes Actual Q1/23 Q2/23 Q3/23 Q4/23
Corporate Tax Rate (%) 15.00 15
Personal Income Tax Rate (%) 20.00 20
Sales Tax Rate (%) 18.00 18

Business Actual Q1/23 Q2/23 Q3/23 Q4/23
Industrial Production (%) 17.60 2 8
Manufacturing Production (%) 5.54 3 3 3
Changes in Inventories (GEL Million) -249.90 280 320 340
Mining Production (%) 31.29 2 2 2
Business Confidence (points) 17.70 16 19 22

Consumer Actual Q1/23 Q2/23 Q3/23 Q4/23
Retail Sales YoY (%) 16.80 11 13 11
Consumer Spending (GEL Million) 13278.60 12286 13170 14115 13810
Consumer Confidence (points) -28.60 -22 -21 -20