Ministry of Foreign Affairs of Georgia

Macroeconomic Overviewe:

In 2008 the GDP growth rate was 2,1 per cent  (preliminary data). GDP in market prices amounted to 19 070 mln GEL or 9 544 mln. USD and GDP per capita equaled to GEL 4 352 (2 920 USD).

In 2008 the inflation rate was 5,5%. (In 2007 the inflation rate in Georgia was 11,0%; in the 2006 inflation rate was 8,8; in 2005 the inflation rate was 6,2% and in the 2004 inflation rate was 7,5%)

FDIs (Foreign Direct Investment) in 2008 amounted 1 564 ml. USD

In the 2008 the foreign trade turnover amounted to 7 555.8 ml USD (17.2% increase in comparison with the last year), where the export was 1497.7 ml. USD (21.5% increase) and import - 6058.1 ml. USD (16.2% increase). The negative trade balance of Georgia was equal to 4560 ml. USD. The ratio of import coverage by export was 24.7 per cent (see annex).

In January-June 2009 (preliminary data) GDP in market prices amounted to 8.1 billion GEL (4.9 billion USD) and GDP per capita equaled to GEL 1855 (1115 USD).

The FDI's in January-June 2009 amounted 226.1mln.USD.  

In the 2009 (January-September) the foreign trade turnover amounted to 3956.5 ml USD (34.6% reduce in comparison with the last year), where the export was 826.5 ml. USD (33.3% reduce) and import - 3131.1 ml. USD (34.9% increase). The negative trade balance of Georgia was equal to 2304.6 ml. USD. (35.4% reduce) The ratio of import coverage by export was 26.4 per cent (see annex).

 

Table 1. Main Economic Indicators

(2005 - 2009 January-June)

 

 

2005

2006

2007

 

2008

 

 

2009

(January-June)

 

Real GDP Growth (%)

9.6

9.4

12.4

2.1

 

___

 

foreign trade turnover

(mln. USD)

3355.4

4670.4

6456.9

7555.8

 

3957.5

(January-September)

 

Export (mln. USD)

865.5

992.6

1240.2

1497.7

 

826.5

(January-September)

 

Import (mln. USD)

2490.0

3677.8

5216.7

6058.1

 

3131.0

(January-September)

 

Exports (growth,%)

34

14

32.5

21.5

33.2

(reduce)

Imports (growth,%)

34.8

47.8

41.8

16.2

30.1

(reduce)

Inflation Rate (%)

 

6.2

8.8

11.0

5.5

             ___

Foreign Direct Investments

(mln. USD)

449.8

1 190

2 014.8

1 564

 

 

226.1

 

GDP (mln USD)

6 145

7 849

10 175

12 797

4892

GDP per capita (USD)

1 479

1 779

2 315

2 920

 

 

1115

 

 
 
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