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

    9.7 The value has gone down since last quarter

  • Inflation Rate

    10.3 The value has gone up since last quarter

  • Export/GDP

    51.7 The value has gone down since last quarter

  • Current Account Deficit/GDP

    4.9 The value has gone up since last quarter

  • Budget Deficit/GDP

    0.66 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

    15.1 The value has gone down since last quarter

  • CCI

    -34.4 The value has gone down since last quarter

Average Duration of Completed Insolvency Case Proceedings (years)

Source: ecourt.ge | Last updated on: 02.06.2022

Reforms that Affect this Indicator

Durations of Ongoing Insolvency Case Proceedings

Source: ecourt.ge | Last updated on: 02.06.2022

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

Share of Rehabilitation Cases in Total Initiated Insolvency Cases

Source: www.ecourt.ge Note: in the case of old law, we include only those insolvency cases, that were initiated from 7/14/2019 to 3/31/2021.

Reforms that Affect this Indicator

Number of Completed Insolvency Cases

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

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

Source: Geostat | Last update: 01.06.2022

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

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 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

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: 03.06.2022

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

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

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

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: 03.06.2022

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 (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