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.

  • %∆GDP

    8.8 The value has gone down since last quarter

  • Inflation Rate

    12.3 The value has not changed since last quarter

  • Export/GDP

    46.4 The value has gone up since last quarter

  • Current Account Deficit/GDP

    6.9 The value has gone down since last quarter

  • Budget Deficit/GDP

    -4.0 The value has gone up since last quarter

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).

  • BCI

    15.1 The value has gone down since last quarter

  • CCI

    -34.4 The value has gone down since last quarter

Durations of Ongoing Insolvency Case Proceedings

Source: ecourt.ge | Last updated on: 02.06.2022

Reforms that Affect this Indicator

Ratio of local E-commerce to total E-commerce E-commerce includes transactions from all establishments excluding gambling.

Source: National Bank of Georgia | Last updated on: 08.06.2022

Reforms that Affect this Indicator

Average Duration of Completed Insolvency Case Proceedings (years)

Source: ecourt.ge | Last updated on: 02.06.2022

Reforms that Affect this Indicator

Local E-commerce Mln GEL

Source: National Bank of Georgia | Last updated on: 01.06.2022

Reforms that Affect this Indicator

Losses of water during transport in residential sector (mln m3)

Source: Geostat | Last updated on: 03.06.2022

Reforms that Affect this Indicator

Number of Completed Insolvency Cases

Source: Supreme Court | Last updated: 02/06/2022

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

Number of Insolvency Cases Filed for Trial Unfinished cases at the beginning of the year and new insolvency cases entered this year

Source: Supreme Court | Last updated on: 02/06/2022

Reforms that Affect this Indicator

Percentage of population connected to a wastewater collecting system

Source: Geostat | Last updated on: 03.06.2022

Reforms that Affect this Indicator

Percentage of population connected to wastewater treatment facilities

Source: Geostat | Last updated on: 03.06.2022

Reforms that Affect this Indicator

Percentage of population connected to water supply industry

Source: Geostat | Last updated on: 03.06.2022

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

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

Share of households with internet access

Source: Geostat | Last update: 01.06.2022

Reforms that Affect this Indicator

Share of population, aged 15+, purchasing or ordering goods/services online By age group

Source: Geostat | 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

Source: Geostat | Last updated on: 03.06.2022

Reforms that Affect this Indicator

Share of the population by ICT skills

Source: International Telecommunication Union | Last updated on: 03.06.2022

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

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