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 Social-Economic Strategy 2020 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

    5.5 The value has gone up since last quarter

  • Inflation Rate

    6.7 The value has gone down since last quarter

  • Export/GDP

    48.1 The value has gone down since last quarter

  • Current Account Deficit/GDP

    12.9 The value has gone up since last quarter

  • Budget Deficit/GDP

    3.8 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

    31.4 The value has gone up since last quarter

  • CCI

    -18.5 The value has gone down since last quarter

Aggregate Savings as a Share of GDP

Source: Ministry of Finance of Georgia

Reforms that Affect this Indicator

Agricultural Land Improvement Area of irrigated and drained agricultural land (ha)

Source: MoA

Reforms that Affect this Indicator

Agricultural Loans (mln) Loans issued by the commercial banks within the State Agroproject

Source: MOA

Reforms that Affect this Indicator

Agriculture Export Diversification HHI Index of Agriculture Exports of Georgia

Source: ISET

Reforms that Affect this Indicator

Agro-Food Export to CIS vs. EU Share in Total Agro-Food Export

Reforms that Affect this Indicator

Capitalization of Corporate Bonds Market Share to GDP (Exclude EBRD Bond)

Source: Georgian Stock Exchange

Reforms that Affect this Indicator

Corporate Bonds Denominated in GEL Share of the Corporate Bonds (Exclude EBRD Bond)

Source: Georgian Stock Exchange

Reforms that Affect this Indicator

Evolution of Basic Pension and Subsistence Minimum

Source: SSA and Geostat

Reforms that Affect this Indicator

Interest rate on GEL Denominated SME Loans

Source: National Bank of Georgia

Reforms that Affect this Indicator

Interest rate on USD Denominated SME Loans

Source: National Bank of Georgia

Reforms that Affect this Indicator

Number of admitted VET students Source: Geostat

  • Public

    11519 The value has gone down since last quarter

  • Private

    4113 The value has gone up since last quarter

Reforms that Affect this Indicator

Number of Agricultural Land Transactions

Source: Public Registry

Reforms that Affect this Indicator

Number of issuers (bonds and stocks) registered at the stock exchange Include EBRD Bond

Source: Georgian Stock Exchange

Reforms that Affect this Indicator

Number of Patent Applications Inventions and Useful Models

Source: Saqpatenti

Reforms that Affect this Indicator

Number of students per teacher at private and public VET colleges Source: GeoStat

Reforms that Affect this Indicator

Number of teachers at VET colleges (Public and Private) Source: GeoStat

  • Public

    2291 The value has gone up since last quarter

  • Private

    1793 The value has gone up since last quarter

Reforms that Affect this Indicator

Number of VET colleges by regions of Georgia

  • Public

    1 The value has not changed since last quarter

  • Private

    0 The value has not changed since last quarter

Reforms that Affect this Indicator

Pension Expenditure as a share of Total Tax Revenue

Source: Ministry of Finance of Georgia

Reforms that Affect this Indicator

Portfolio of Government Securities to GDP

Source: NBG (www.nbg.gov.ge/index.php?m=306&lng=eng)

Reforms that Affect this Indicator

Productivity measures of SME by industry Production per Employee (Thousands of GEL)

Source: National Statistics Office of Georgia

Reforms that Affect this Indicator

Productivity measures of SME by region Production per Employee (Thousands of GEL)

Source: National Statistics Office of Georgia

Reforms that Affect this Indicator

Share of admitted VET students in total admitted students (public and private colleges) Source: GeoStat

Reforms that Affect this Indicator

Share of IT (communications) services in total exports

Source: NBG

Reforms that Affect this Indicator

Share of non-resident investors in the portfolio of Government securities End of Period

Source: NBG

Reforms that Affect this Indicator

SME share in business loans

Source: NBG

Reforms that Affect this Indicator

SME Share in Business Sector Employment

Source: GeoStat (new methodology)

Reforms that Affect this Indicator

SME Share in Production Value

Source: GeoStat (new methodology)

Reforms that Affect this Indicator

Stock Market Capitalization, share to GDP Results of shares trade over a year (Trading sessions + OTC Trades)

Source: Georgian Stock Exchange

Reforms that Affect this Indicator

The number of admitted VET colleges students by speciality

  • Public

    301 The value has gone down since last quarter

  • Private

    442 The value has gone up since last quarter

Reforms that Affect this Indicator