Key Macroeconomic Indicators and International Ratings
    Title
    Year
    Years
    Name
    2014
    2015
    2016
    2017
    2018
    2019
    2020
    Source:
    Population, end of the year (thousand)
    3,722
    3,729
    3,726
    3,730
    3,723
    3,717
    3,729
    Geostat
    Unemployment Rate
    23.0%
    21.9%
    21.7%
    21.6%
    19.2%
    17.6%
    18.5%
    Geostat
    Annual Inflation, end of period
    2.0%
    4.9%
    1.8%
    6.7%
    1.5%
    7.0%
    2.4%
    Geostat
    GDP, Bill. GEL
    31.1
    33.9
    35.8
    40.8
    44.6
    49.3
    49.3
    Geostat
    GDP, Bill. USD
    17.6
    14.9
    15.1
    16.2
    17.6
    17.5
    15.8
    Geostat
    GDP real growth
    4.4%
    3.0%
    2.9%
    4.8%
    4.8%
    5.0%
    -6.8%
    Geostat
    GDP per capita, USD
    4,739
    4,013
    4,062
    4,359
    4,722
    4,696
    4,256
    Geostat
    GDP per capita, PPP (current international $)
    11,583
    12,100
    12,855
    13,596
    14,582
    15,608
    14,849
    IMF
    Saving Rate (National savings/GNDI)
    14.3%
    13.8%
    17.2%
    18.7%
    20.6%
    19.1%
    10.7%
    NBG calculations
    CA/GDP
    -10.1%
    -11.8%
    -12.5%
    -8.0%
    -6.8%
    -5.5%
    -12.4%
    NBG calculations
    Trade openess (Export of goods and services+Import of goods and services)/GDP
    96.8%
    98.8%
    96.8%
    104.0%
    111.8%
    118.2%
    94.0%
    NBG calculations
    FDI/GDP
    10.4%
    11.6%
    10.9%
    12.2%
    7.5%
    7.6%
    3.6%
    NBG calculations
    International Reserves, Bill USD
    2.7
    2.5
    2.8
    3.0
    3.3
    3.5
    3.9
    NBG
    International Reserves in months of G&S imports
    3.2
    3.5
    4.0
    3.9
    3.7
    3.8
    5.2
    NBG calculations
    Gross External Debt/GDP
    79.3%
    102.4%
    105.3%
    106.6%
    101.3%
    106.7%
    130.2%
    NBG calculations
    Public External Debt/GDP
    24.1%
    29.4%
    30.9%
    32.6%
    30.6%
    32.8%
    46.9%
    NBG calculations
    REER, annual average change
    1.9%
    -4.6%
    3.4%
    -2.2%
    1.0%
    -5.4%
    -2.9%
    NBG
    Fiscal deficit/GDP
    -2.6%
    -2.3%
    -2.7%
    -3.0%
    -2.1%
    -2.1%
    -9.3%
    NBG calculations
    Commercial Banks Loans, Billion GEL
    13.0
    16.0
    18.9
    22.3
    26.6
    31.9
    38.2
    NBG
    Commercial Banks Loans Growth
    23.8%
    23.5%
    18.1%
    17.8%
    19.4%
    20.0%
    19.7%
    NBG
    Commercial Banks' Loans Growth, excl. ExR Effect
    18.3%
    6.1%
    10.8%
    18.6%
    17.8%
    16.2%
    9.1%
    NBG
    Deposits in Commercial Banks, Billion GEL
    11.6
    14.4
    17.0
    19.9
    23.1
    26.3
    34.6
    NBG
    Deposits in Commercial Banks, Growth
    20.2%
    23.5%
    18.2%
    16.8%
    16.1%
    13.9%
    31.9%
    NBG
    Deposits in Commercial Banks, Growth, excl. ExR Effect
    15.7%
    5.9%
    10.8%
    17.0%
    14.4%
    9.3%
    20.8%
    NBG
    Commercial Banks' assets/GDP
    66.2%
    74.2%
    84.1%
    84.9%
    89.0%
    95.8%
    115.4%
    NBG calculations
    Deposit Dolarization Ratio (Banking sector)
    60.2%
    69.1%
    71.2%
    65.3%
    63.1%
    64.0%
    61.4%
    NBG
    Loans Dolarization Ratio (Banking sector)
    60.8%
    64.6%
    65.4%
    57.1%
    57.1%
    55.4%
    55.7%
    NBG
    Monetary Policy Rate
    4.00%
    8.00%
    6.50%
    7.30%
    7.00%
    9.00%
    8.00%
    NBG
    Lending Rate, National Currency
    17.5%
    19.4%
    18.2%
    16.8%
    15.7%
    15.4%
    14.4%
    NBG
    Lending Rate, Foreign Currency
    10.5%
    10.3%
    8.7%
    7.9%
    7.6%
    6.3%
    6.9%
    NBG
    FITCH
    BB-
    BB-
    BB-
    BB-
    BB-
    BB
    BB
    Fitch Ratings
    MOODY'S
    Ba3
    Ba3
    Ba3
    Ba2
    Ba2
    Ba2
    Ba2
    Moody's Corporation
    SCOPE
    BB
    BB
    BB
    Scope Ratings
    Human Development Index (rank/countries)
    0.765 (76/188)
    0.771 (70/188)
    0.776 (71/189)
    0.780 (70/189)
    0.786 (70/189)
    0.812 (61/189)
    UNDP
    Global Competitiveness Index rank (position/countries)
    4.22 (69/144)
    4.22 (66/140)
    4.32 (59/138)
    4.28 (67/135)
    60.9 (66/140)
    60.6 (74/141)
    World Economic Forum
    Doing Business (rank/countries)
    15/189
    24/189
    16/190
    9/190
    9/190
    6/190
    7/190
    World Bank