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Georgia

Headline economic indicators for Georgia, with the most recent official readings.

Prices

Prices — Georgia
Indicator Value Change
Inflation rate · 3.9% +2.76 (+248.7%)
Consumer price index · 185.5 +6.91 (+3.9%)
Inflation rate (monthly) · 5.1% +0.20 (+4.1%)
Harmonised consumer price index · 139.6 +0.81 (+0.6%)
GDP deflator inflation · 4.6% -0.22 (-4.6%)

GDP

GDP — Georgia
Indicator Value Change
GDP growth rate · 7.5% -2.22 (-22.9%)
GDP per capita · 9,691.53 +723.86 (+8.1%)
GDP per capita, long-run history · 14,360 +1,366 (+10.5%)
GDP · 38,143,612,855.14 +3,954,189,522 (+11.6%)
GDP, PPP · 115,768,121,999 +10,973,911,678 (+10.5%)
GDP per capita, PPP · 29,414 +1,928 (+7.0%)
GDP per capita growth · 4.1% -2.79 (-40.5%)
GNI per capita · 8,990 +1,120 (+14.2%)
Agriculture to GDP · 5.2% -0.30 (-5.5%)
Industry to GDP · 18.6% -0.98 (-5.0%)
Manufacturing to GDP · 8.0% -0.45 (-5.3%)
Services to GDP · 63.9% +1.95 (+3.2%)
Household consumption to GDP · 70.7% +0.26 (+0.4%)
Gross capital formation to GDP · 21.3% -3.22 (-13.1%)
Gross savings to GDP · 18.5% -0.65 (-3.4%)

Labour

Labour — Georgia
Indicator Value Change
Unemployment rate · 12.1% +0.54 (+4.7%)
Labour force participation rate · 64.3% -0.03 (-0.1%)
Female labour force participation rate · 56.7% +0.02 (+0.0%)
Youth unemployment rate · 30.3% +0.39 (+1.3%)
Employment to population ratio · 56.5% -0.38 (-0.7%)
Employment in agriculture · 34.0% -0.82 (-2.3%)
Employment in industry · 16.6% +0.22 (+1.3%)
Employment in services · 49.5% +0.60 (+1.2%)

Money

Money — Georgia
Indicator Value Change
Real interest rate · 10.8% +1.16 (+12.1%)
Broad money to GDP · 55.1% +1.95 (+3.7%)
Private sector credit to GDP · 69.1% +0.84 (+1.2%)
Lending rate · 15.9% +0.98 (+6.5%)
Bank deposit rate · 10.6% +0.20 (+1.9%)
Bank nonperforming loans · 2.5% +0.02 (+0.7%)
Official exchange rate · 2.74 +0.02 (+0.8%)

Trade

Trade — Georgia
Indicator Value Change
Current account to GDP · -2.6% +2.69 (+50.7%)
Exports to GDP · 47.4% -0.41 (-0.9%)
Imports to GDP · 53.2% -2.42 (-4.3%)
Trade to GDP · 100.6% -2.83 (-2.7%)
Exports of goods and services · 18,082,223,921.58 +1,734,528,564 (+10.6%)
Imports of goods and services · 20,300,929,830.91 +1,277,454,195 (+6.7%)
Trade balance, goods and services (annual) · -2,183,887,050.29 +487,921,444 (+18.3%)
Current account balance (annual) · -995,663,775.23 +816,200,250 (+45.0%)
Foreign direct investment to GDP · 4.3% -0.35 (-7.4%)
Remittances received to GDP · 11.2% -0.70 (-5.9%)
Total reserves, including gold · 6,157,188,673.63 +1,709,972,032 (+38.5%)
Reserves in months of imports · 3.0 +0.73 (+31.7%)
External debt to GNI · 79.7% -5.30 (-6.2%)

Government

Government — Georgia
Indicator Value Change
Government debt to GDP · 40.1% -3.31 (-7.6%)
Government revenue to GDP · 28.7% +0.74 (+2.6%)
Government expense to GDP · 25.2% +0.31 (+1.2%)
Tax revenue to GDP · 24.3% +0.66 (+2.8%)
Government budget balance to GDP · -2.1% -0.12 (-6.2%)
Government consumption to GDP · 13.8% +0.95 (+7.4%)
Education spending to GDP · 4.0% +0.27 (+7.3%)
Health spending to GDP · 6.9% -1.44 (-17.3%)

Demography

Demography — Georgia
Indicator Value Change
Population · 3,935,766 +123,248 (+3.2%)
Population, long-run history · 4,911 -17.83 (-0.4%)
Population growth · 3.2% +0.60 (+23.4%)
Life expectancy · 74.7 +0.16 (+0.2%)
Fertility rate · 1.80 -0.01 (-0.4%)
Birth rate · 11.3 -0.21 (-1.8%)
Death rate · 11.8 -0.00 (-0.0%)
Urban population share · 61.2% +0.10 (+0.2%)
Population aged 65 and over · 16.0% +0.35 (+2.3%)
Under-five mortality rate · 8.6 -0.20 (-2.3%)
Population density · 66.7 +1.70 (+2.6%)
Net migration · 1,283 -462.00 (-26.5%)
Gini index · 33.9 -0.90 (-2.6%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Georgia; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.