Markets Actual Q3 Q4 Q1 Q2 2023
Currency 2.72 2.74 2.8 2.85 2.9 3.02

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 14.90 5 5 4 4 4
Unemployment Rate (%) 20.60 19.9 19.9 19.2 19.2 19.2
Inflation Rate (%) 11.50 13.2 10.4 9.5 8.1 6
Interest Rate (%) 11.00 13 13 12 12 10
Balance of Trade (USD Million) -608.70 -700 -790 -545 -535 -850
Current Account (USD Million) -598.40 -480 -830 -830 -520 -680
Current Account to GDP (% of GDP) -9.80 -10 -10 -10 -8 -8
Government Debt to GDP (% of GDP) 57.10 57 58 58 57 60
Government Budget (% of GDP) -6.00 -5 -5 -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 Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 14.90 5 5 4 4 4
GDP (USD Billion) 18.70 19 19 21 21 21
GDP Constant Prices (GEL Million) 10089.40 11785 11054 11538 10493 12000
Gross Fixed Capital Formation (GEL Million) 2735.50 3165 3274 2845 2845 3405
GDP per capita (USD) 4927.06 5200 5200 5500 5500 5500
GDP per capita PPP (USD) 15471.72 15200 15200 15200 15700 15700
Full Year GDP Growth (%) 10.40 5 5 4 4 4
Gross National Product (GEL Million) 16300.00 15435 15645 17115 16952 17800
GDP From Agriculture (GEL Million) 649.80 887 936 682 676 710
GDP From Construction (GEL Million) 494.30 533 462 519 514 540
GDP From Manufacturing (GEL Million) 766.40 1091 833 805 797 837
GDP From Mining (GEL Million) 127.70 144 138 134 133 139
GDP From Public Administration (GEL Million) 708.70 713 708 744 737 774
GDP From Services (GEL Million) 1599.30 1545 1593 1679 1663 1746
GDP From Transport (GEL Million) 612.90 649 465 644 637 669
GDP From Utilities (GEL Million) 252.00 228 289 265 262 275

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 20.60 19.9 19.9 19.2 19.2 19.2
Unemployed Persons (Thousand) 316.20 305 305 295 295 295
Labor Force Participation Rate (%) 50.90 51 51 50.1 50.1 50.1
Wages (GEL/Month) 1446.51 1400 1400 1400 1400 1400
Population (Million) 3.69 3.7 3.7 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) 1331.83 1200 1200 1200 1200 1200
Youth Unemployment Rate (%) 39.40 35 35 32 32 32

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 11.50 13.2 10.4 9.5 8.1 6
Consumer Price Index CPI (points) 174.00 178 178 184 188 188
Inflation Rate Mom (%) 0.20 1.7 1.3 0.7 0.5 0.5
Food Inflation (%) 21.80 20 17 15 11 9
CPI Housing Utilities (points) 100.26 113 111 111 109 117
CPI Transportation (points) 102.41 104 106 106 107 107
Producer Prices (points) 231.40 235 253 263 256 275
Producer Prices Change (%) 15.40 13.5 12.6 12 10.5 8.7

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 11.00 13 13 12 12 10
Deposit Interest Rate (%) 11.63 13.63 13.63 12.63 12.63 12.63

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -608.70 -700 -790 -545 -535 -850
Current Account (USD Million) -598.40 -480 -830 -830 -520 -680
Current Account to GDP (% of GDP) -9.80 -10 -10 -10 -8 -8
Imports (USD Million) 1047.20 1060 1200 950 880 1250
Exports (USD Million) 438.60 360 410 405 345 400
Foreign Direct Investment (USD Million) 568.19 290 400 150 260 380
External Debt (USD Million) 22063.55 22900 23100 23280 23600 24300

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 57.10 57 58 58 57 60
Government Budget (% of GDP) -6.00 -5 -5 -4 -4 -4
Government Spending (GEL Million) 2137.80 2197 2650 2223 2223 2756
Military Expenditure (USD Million) 304.00 333 333 333 333 333
Government Budget Value (GEL Million) -213.60 -300 -800 50 -150 -700

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2023
Industrial Production (%) 40.60 32 36 40 40 40
Manufacturing Production (%) 42.00 4 3 3 3 3
Changes in Inventories (GEL Million) 324.10 300 350 280 320 340
Mining Production (%) 21.80 2 1 2 2 2
Business Confidence (points) 15.10 16 20 16 19 22

Consumer Actual Q3 Q4 Q1 Q2 2023
Retail Sales YoY (%) 31.00 20 20 11 13 11
Consumer Spending (GEL Million) 11271.60 12843 14408 11722 11722 14984
Consumer Confidence (points) -34.40 -28 -25 -22 -21 -20


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 Saturday, August 13, 2022.