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

    5.0 The value has gone up since last quarter

  • Inflation Rate

    4.0 The value has gone down since last quarter

  • Export/GDP

    46.0 The value has gone up since last quarter

  • Current Account Deficit/GDP

    11.7 The value has gone down since last quarter

  • Budget Deficit/GDP

    -2.1 The value has gone down 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

    27.0 The value has gone down since last quarter

  • CCI

    -24.2 The value has gone up since last quarter

Aggregate Savings as a Share of GDP

Source: MoF, GeoStat, NBG

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

Evolution of Basic Pension and Subsistence Minimum

Source: SSA and GeoStat

Reforms that Affect this Indicator

Number of admitted VET students Source: Ministry of Education and Science of Georgia

  • Public

    11170 The value has gone up since last quarter

  • Private

    4469 The value has gone down since last quarter

Reforms that Affect this Indicator

Number of Agricultural Land Transactions

Source: Public Registry

Reforms that Affect this Indicator

Number of corporate bond issuers registered at the Stock Exchange

Source: NBG

Reforms that Affect this Indicator

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

Source: NBG

Reforms that Affect this Indicator

Number of issuers assigned credit ratings

Source: NBG

Reforms that Affect this Indicator

Number of start-ups operating at Techparks, business incubators, fabrication labs

Source: GITA

Reforms that Affect this Indicator

Number of VET teachers Source: GeoStat

Number of teachers at VET colleges (Public and Private)

Reforms that Affect this Indicator

Patent Application Number of patent applications in Georgia

Source: Sakpatent

Reforms that Affect this Indicator

Pension Expenditure as a share of Total Tax Revenue

Source: MoF

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

Share of IT (communications) services in total exports (USD)

Source: NBG

Reforms that Affect this Indicator

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

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

Reforms that Affect this Indicator

SME share in business loans (volume)

Source: NBG

Reforms that Affect this Indicator

SME Share in Employment

Source: GeoStat (new methodology)

Reforms that Affect this Indicator

SME Share in Production Value

Source: GeoStat (new methodology)

Reforms that Affect this Indicator

Student per teacher Source: GeoStat

Number of students per teacher at private and public VET colleges

Reforms that Affect this Indicator

Utility Model Applications Total number of utility model applications in Georgia

Source: Sakpatent

Reforms that Affect this Indicator

VET student enrollment rate Source: GeoStat

Share of VET students in total number of students (public and private institutions)

Reforms that Affect this Indicator