Over the past decade, Georgia’s economy has grown at an average annual rate of 5%. This was in spite of numerous shocks, including the global financial crisis of 2007–08, the conflict with Russia in 2008, and the regional headwinds of 2014. Economic growth is projected to increase to an average rate of 4.5% a year over the medium term, but downside risks to growth remain.
Georgia had estimated population of 3.701 million in the year 2016 and expected to reach 3.678 million by 2022, declining at a CAGR of 0.16%.
Georgia’s real gross domestic product (GDP) was around GEL 14.498 billions in 2016 whereas the nominal GDP was GEL 33.664 billions. This resulted in GDP deflator 232.205. Per capita GDP was estimated at USD 3842.43 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 10043.77.
In 2016, Georgia government’s revenue was GEL 9.623 billions whereas the expenditure was GEL 10.168 billions. This resulted Georgia government’s net lending / borrowing negative at GEL 0.545 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Georgia was estimated to be negative at USD 1.764 billions for the year 2016 and is expected to decline at a CAGR of 1.61% and reach USD 1.879 by 2022. This negative current account balance indicates the Georgia is a net borrower from the whole world.
Scope of Georgia – Risk Analysis Report
• This report provides information about key macroeconomic indicators for Georgia.
• This report provides Risk analysis for Georgia.
1. Executive Summary
Scope of Germany – Risk Analysis Report
Research Methodology
2. Germany - Country Overview
2.1 People Indicators
2.1.1 Population
2.1.2 Employment
2.1.3 Unemployment
2.2 National Accounts Indicators
2.2.1 Real Gross Domestic Product
2.2.2 Nominal Gross Domestic Product
2.2.3 Gross Domestic Product Deflator
2.2.4 Per Capita Gross Domestic Product
2.2.5 Output Gap
2.2.6 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.7 Total Investment / Gross Capital Formation
2.2.8 Gross National Savings
2.3 Monetary Indicators
2.3.1 Consumer Price Index (CPI) Inflation
2.4 Trade Indicators
2.4.1 Change in Import Volume of Goods & Services
2.4.2 Change in Export Volume of Goods & Services
2.5 Government Finance Indicators
2.5.1 Government Revenue
2.5.2 Government Expenditure
2.5.3 Government Net Lending / Borrowing
2.5.4 Government Gross Debt
2.5.5 Government Net Debt
2.6 Balance of Payment Indicators
2.6.1 Current Account Balance
3. Risk Analysis
4. Future Trends in Georgia
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Population of Georgia (in millions)
Exhibit 2.2 Real GDP of Georgia (in GEL billions)
Exhibit 2.3 Nominal GDP of Georgia (in GEL billions)
Exhibit 2.4 Nominal GDP of Georgia (in USD billions)
Exhibit 2.5 GDP Deflator Index for Georgia
Exhibit 2.6 Per Capita GDP of Georgia (in USD)
Exhibit 2.7 PPP Per Capita GDP of Georgia (in USD)
Exhibit 2.8 Total Investment of Georgia (in %)
Exhibit 2.9 Gross National Savings of Georgia (in %)
Exhibit 2.10 Consumer Price Index (CPI) Inflation of Georgia
Exhibit 2.11 Change in Import Volume of Goods & Services of Georgia (in %)
Exhibit 2.12 Change in Export Volume of Goods & Services of Georgia (in %)
Exhibit 2.13 Government Revenue of Georgia (in GEL billions)
Exhibit 2.14 Government Revenue of Georgia (in % of GDP)
Exhibit 2.15 Government Expenditure of Georgia (in GEL billions)
Exhibit 2.16 Government Expenditure of Georgia (in % of GDP)
Exhibit 2.17 Government Net Lending / Borrowing of Georgia (in GEL billions)
Exhibit 2.18 Government Net Lending / Borrowing of Georgia (in % of GDP)
Exhibit 2.19 Government Gross Debt of Georgia (in GEL billions)
Exhibit 2.20 Government Gross Debt of Georgia (in % of GDP)
Exhibit 2.21 Current Account Balance of Georgia (in USD billions)
Exhibit 2.22 Current Account Balance of Georgia (in % of GDP)
*If Applicable.