Economic Effects
How is the economy doing? Georgian Economic Performance Index (G-EPI)
G-EPI is a combined indicator that examines the overall performance of a country’s economy and reports deviations from the desired level of economic performance. The desired level of selected macro variables are defined based on the benchmarks given in the new social-economic 10-year Action Plan of the Georgian Government. G-EPI is comprised of 5 important macro indicators visible below the graph. It is designed for simplicity, making it easier for professionals and laypeople alike to understand and apply to the economy.
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%∆GDP
9.7
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Inflation Rate
10.3
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Export/GDP
51.7
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Current Account Deficit/GDP
4.9
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Budget Deficit/GDP
0.66
How do people feel about the economy? Georgian Economic Sentiment Index (G-ESI)
G-ESI combines consumer and business perceptions about current financial/commercial status and expectations, based on two surveys conducted by ISET Policy Institute: The Consumer Confidence Index (CCI), and the Business Confidence Index (BCI).
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BCI
15.1
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CCI
-34.4
Average Duration of Completed Insolvency Case Proceedings (years)
Source: ecourt.ge | Last updated on: 10.09.2023
Reforms that Affect this Indicator
Durations of Ongoing Insolvency Case Proceedings (years) Average and median duration (year) of ongoing insolvency cases
Source: ecourt.ge | Last updated on: 10.09.2023
Reforms that Affect this Indicator
Number of Insolvency Cases Filed for Trial Backlog of Insolvency cases at the start of the year and new insolvency cases filed during the reporting period
Source: Supreme Court | Last updated on: 19.09.2023
Reforms that Affect this Indicator
Share of Rehabilitation Cases in Total Initiated Insolvency Cases Those initiated cases, which were proceeded under the rehabilitation regime
Source: www.ecourt.ge Note: in the case of old law, we include only those insolvency cases, that were initiated from 1/1/2019 to 3/31/2021.
Reforms that Affect this Indicator
Number of Completed Insolvency Cases Those completed insolvency cases, which were reviewed by the court with a decision
Source: Supreme Court | Last updated: 19.09.2023
Reforms that Affect this Indicator
Certified and Authorized Practitioners (2021)
Source: Training Center of Justice, National Bureau of Enforcement | Last updated on: 20.09.2022
Reforms that Affect this Indicator
Share of households with internet access
Share of the population by ICT skills
Source: International Telecommunication Union | Last updated on: 03.06.2022
Reforms that Affect this Indicator
Share of population, aged 15+, purchasing or ordering goods/services online By settlement type
Share of population, aged 15+, purchasing or ordering goods/services online By age group
Local E-commerce, annual Mln GEL
Source: National Bank of Georgia | Last updated on: 01.06.2022
Reforms that Affect this Indicator
Ratio of local E-commerce to retail trade
Source: National Bank of Georgia, Geostat | Last updated on: 01.06.2022
Reforms that Affect this Indicator
Number of E-commerce terminals
Source: National Bank of Georgia | Last updated on: 03.06.2022
Reforms that Affect this Indicator
Share of foreign card payments in local E-commerce
Source: National Bank of Georgia | Last updated on: 08.06.2022
Reforms that Affect this Indicator
Ratio of local E-commerce to total E-commerce Total E-commerce includes local E-commerce as well as online operations carried out abroad using Georgian cards
Source: National Bank of Georgia | Last updated on: 08.06.2022
Reforms that Affect this Indicator
Water abstraction* from natural water bodies (mln m3) * Water use for hydroelectricity generation purposes is excluded.
Source: Geostat | Last updated on: 03.06.2022
Reforms that Affect this Indicator
Water Use (mln m3) * Water use for hydroelectricity generation purposes is excluded.
Source: Geostat | Last updated on: 03.06.2022
Reforms that Affect this Indicator
Losses of water during transport in residential sector (%) Percentage share in water supplied by water supply industry
Source: Geostat | Last updated on: 27.06.2023
Reforms that Affect this Indicator
Losses of water during transport in residential sector (mln m3)
Source: Geostat | Last updated on: 27.06.2023
Reforms that Affect this Indicator
Water Losses in the Irrigation Systems (mln m3)
Source: Georgian Amelioration | Last updated on: 10.08.2023
Reforms that Affect this Indicator
Water Losses in the Irrigation Systems (%) Percentage share in water supplied by water supply industry
Source: Georgian Amelioration | Last updated on: 10.08.2023
Reforms that Affect this Indicator
Polluted wastewater (%) Percentage share of wastewater discharged into the surface bodies
Source: Geostat | Last updated on: 27.06.2023
Reforms that Affect this Indicator
Percentage of population connected to a wastewater collecting system
Source: Geostat | Last updated on: 27.06.2023
Reforms that Affect this Indicator
Percentage of population connected to wastewater treatment facilities
Source: Geostat | Last updated on: 27.06.2023
Reforms that Affect this Indicator
Wastewater discharge into surface water bodies (mln m3)
Source: Geostat | Last updated on: 03.06.2022
Reforms that Affect this Indicator
Number of RIA Reports (2010-2022)
Source: Author's calculations | Last updated on: 28.02.2023
Reforms that Affect this Indicator
Percentage of population connected to water supply industry
Source: Geostat | Last updated on: 27.06.2023
Reforms that Affect this Indicator
The number of RIA reports by the authors
Source: Author's calculations | Last updated on: 28.02.2023
Reforms that Affect this Indicator
Number of RIA reports by policy areas
Source: Author's calculations | Last updated on: 28.02.2023
Reforms that Affect this Indicator
Share of Publicly Available RIA reports
Source: Author's calculations | Last updated on: 28.02.2023
Reforms that Affect this Indicator
International Visitor Trips
Source: Georgian National Tourism Administration | Last updated on 18.05.2023
Reforms that Affect this Indicator
International Tourism Receipts
Source: Georgian National Tourism Administration | Last updated on 18.05.2023
Reforms that Affect this Indicator
Share of International Visits by Income Groups of Countries
Source: Author’s calculations based on data from GNTA & World Bank | Last updated on 18.05.2023
Reforms that Affect this Indicator
Expenditure Structure (Thousands GEL)
Source: Georgian National Tourism Administration | Last updated on 18.05.2023
Reforms that Affect this Indicator
Tourism Activities of International Visitors
Source: Georgian National Tourism Administration | Last updated on 18.05.2023
Reforms that Affect this Indicator
Utilization of a Tourist Package
Source: Georgian National Tourism Administration | Last updated on 18.05.2023
Reforms that Affect this Indicator
Level of Tourist Satisfaction
Source: Georgian National Tourism Administration | Last updated on 18.05.2023
Reforms that Affect this Indicator
Visitors in Protected Areas
Source: Georgian National Tourism Administration | Last updated on 18.05.2023
Reforms that Affect this Indicator
Share of domestic debt in the total public debt
Source: Ministry of Finance | Last updated on 02.06.2023
Reforms that Affect this Indicator
Outstanding corporate bonds denominated in GEL to GDP Ratio (including bonds issued by international financial institutions)
Source: NBG, GeoStat | Last updated on 02.06.2023
Reforms that Affect this Indicator
Stock Market Capitalization-to-GDP Ratio
Source: Georgian Stock Exchange, GeoStat | Last updated on 02.06.2023
Reforms that Affect this Indicator
Weighted Average Maturity of Government Securities
Source: Ministry of Finance | Last updated on: 02.06.2023
Reforms that Affect this Indicator
Total Listed Companies on the Stock Exchange Admission of Stocks to the Trading System of the Georgian Stock Exchange
Source: Georgian Stock Exchange | Last updated on 02.06.2023
Reforms that Affect this Indicator
Non-bank financial sector’s share in the total assets held by the financial sector
Source: NBG | Last updated on 02.06.2023
Reforms that Affect this Indicator
Total Pension Fund Assets (Mln. GEL)
Source: NBG, Pension Agency | Last updated on 02.06.2023
Reforms that Affect this Indicator
Portfolio Investment in Debt Securities (Mln. USD)
Source: NBG | Last updated on 02.06.2023
Reforms that Affect this Indicator
SMEs value added (million GEL)
SME share in total value added (%)
Productivity by enterprise size
SMEs productivity
Number of employed in SME
The number of employees by enterprise size (%)
Turnover by enterprise size (million GEL)
SME share in total turnover (%)
Average Monthly Wages of Employees in SMEs
OECD SME Policy Index
SMEs Output (million GEL)
SME share in total output (%)
Employment rate of VET graduates
Source: Tracer Study - https://vet.ge/api/files/reports/64de44ca17beaa001cf4eebe
Reforms that Affect this Indicator
Exports by enterprise size (thousands of US dollars)
SMEs Export (thousands of US dollars)
Share of SMEs in total Exports (%)
NEWLY ESTABLISHED ENTERPRISES BY SEX OF OWNER (%)
Interest Rates on Loans for SMEs
Source: National Bank of Georgia