Key Macroeconomic Indicators and International Ratings
| |
2014
|
2015
|
2016
|
2017
|
2018
|
2019 |
2020
|
Source:
|
|
Population, end of the year (thousand)
|
3,722
|
3,729
|
3,726
|
3,730
|
3,723 |
3,717 |
|
Geostat
|
|
Unemployment rate
|
14.6%
|
14.1% |
14.0%
|
13.9%
|
12.7% |
11.6% |
|
Geostat
|
|
Annual Inflation, end of period
|
2.0% |
4.9%
|
1.8%
|
6.7%
|
1.5% |
7.0% |
2.8% |
Geostat
|
|
GDP, Bill. GEL
|
31.1
|
33.9
|
35.8
|
40.8
|
44.6 |
50.0 |
|
Geostat
|
|
GDP, Bill. USD
|
17.6
|
14.9
|
15.1
|
16.2
|
17.6 |
17.7 |
|
Geostat
|
|
GDP real growth
|
4.4%
|
3.0%
|
2.9%
|
4.8%
|
4.8% |
5.1% |
|
Geostat
|
|
GDP per capita, USD
|
4,739
|
4,013
|
4,062
|
4,359
|
4,722 |
4,763 |
|
Geostat
|
|
GDP per capita, PPP (current international $)
|
11,583
|
12,100
|
12,855
|
13,596
|
14,584 |
15,634 |
|
IMF
|
|
Saving Rate (National savings/GNDI)
|
14.3%
|
13.8%
|
17.2%
|
18.7%
|
20.6% |
20.9% |
|
NBG calculations
|
|
CA/GDP
|
-10.1%
|
-11.8%
|
-12.5%
|
-8.0%
|
-6.8% |
-5.1% |
|
NBG calculations
|
|
Trade openess (Export of goods and services+Import of goods and services)/GDP
|
96.8%
|
98.8%
|
96.8%
|
104.0%
|
111.8% |
116.5% |
|
NBG calculations
|
|
FDI/GDP
|
10.4%
|
11.6%
|
10.9%
|
12.1%
|
7.2% |
7.1% |
|
NBG calculations
|
|
International Reserves, Bill USD
|
2.7
|
2.5
|
2.8
|
3.0
|
3.3 |
3.5 |
3.9 |
NBG
|
|
International Reserves in months of G&S imports
|
3.2
|
3.5
|
4.0
|
3.9
|
3.7 |
3.8 |
|
NBG calculations
|
|
Gross External Debt/GDP
|
79.3%
|
102.4%
|
105.2%
|
106.6%
|
101.2% |
105.0% |
|
NBG calculations
|
|
Public External Debt/GDP
|
24.1%
|
29.4%
|
30.9%
|
32.6%
|
30.6% |
32.3% |
|
NBG calculations
|
|
REER, annual average change
|
1.9%
|
-4.6%
|
3.4%
|
-2.2%
|
1.0% |
-5.4% |
-2.9% |
NBG
|
|
Fiscal deficit/GDP
|
-2.6%
|
-2.3%
|
-2.7%
|
-3.0%
|
-2.1% |
-2.0% |
|
NBG calculations
|
|
Commercial Banks Loans, Billion GEL
|
13.0
|
16.0
|
18.9
|
22.3
|
26.6 |
31.9 |
38.2 |
NBG
|
|
Commercial Banks Loans Growth
|
23.8%
|
23.5%
|
18.1%
|
17.8%
|
19.3% |
20.0% |
19.7% |
NBG
|
|
Commercial Banks' Loans Growth, excl. ExR Effect
|
18.3%
|
6.1%
|
10.8%
|
18.6%
|
17.8% |
16.2% |
9.1% |
NBG
|
|
Deposits in Commercial Banks, Billion GEL
|
11.6
|
14.3
|
17.0
|
19.8
|
23.0 |
26.2 |
34.6 |
NBG
|
|
Deposits in Commercial Banks, Growth
|
20.2%
|
23.5%
|
18.2%
|
16.8%
|
16.1% |
13.9% |
31.9% |
NBG
|
|
Deposits in Commercial Banks, Growth, excl. ExR Effect
|
15.7%
|
5.9%
|
10.8%
|
17.0%
|
14.4% |
9.3% |
20.8%
|
NBG
|
|
Commercial Banks' assets/GDP
|
66.2%
|
74.2%
|
84.1%
|
84.9%
|
89.0%
|
94.4% |
|
NBG
|
|
Deposit Dolarization Ratio (Banking sector)
|
60.2%
|
69.5%
|
71.4%
|
65.6%
|
63.1% |
64.1% |
61.4% |
NBG
|
|
Loans Dolarization Ratio (Banking sector)
|
60.8%
|
64.6%
|
65.4%
|
57.1%
|
57.1% |
55.4% |
55.7% |
NBG
|
|
Monetary Policy Rate
|
4.00%
|
8.00%
|
6.50%
|
7.25%
|
7.00% |
9.00% |
8.00% |
NBG
|
|
Lending Rate, National Currency
|
17.5%
|
19.4%
|
18.2%
|
16.8%
|
15.7% |
15.4% |
14.4% |
NBG
|
|
Lending Rate, Foreign Currency
|
10.5%
|
10.3%
|
8.7%
|
7.9%
|
7.6% |
6.3% |
6.9% |
NBG
|
|
S&P
|
BB-
|
BB-
|
BB-
|
BB-
|
BB-
|
BB |
BB |
Standard & Poor's Ratings Services
|
|
FITCH
|
BB-
|
BB-
|
BB-
|
BB-
|
BB-
|
BB |
BB |
Fitch Ratings
|
|
MOODY'S
|
Ba3
|
Ba3
|
Ba3
|
Ba2
|
Ba2
|
Ba2 |
Ba2 |
Moody's Corporation
|
|
SCOPE
|
|
|
|
|
BB
|
BB |
BB |
Scope Ratings
|
|
Human Development Index (rank/countries)
|
0.765 (76/188)
|
0.771 (70/188)
|
0.776 (71/189)
|
0.780 (70/189)
|
0.786 (70/189) |
0.812 (61/189)
|
|
UNDP
|
|
Global Competitiveness Index rank (position/countries)
|
4.22(69/144) |
4.22(66/140)
|
4.32(59/138)
|
4.28(67/135)
|
60.9(66/140) |
60.6(74/141) |
..................
|
World Economic Forum
|
|
Doing Business (rank/countries)
|
15/189
|
24/189
|
16/190
|
9/190
|
9/190 |
6/190
|
7/190 |
World Bank
|
|
GEORGIAN