GEORGIAN
 

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

 

 
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