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
    23.00%
    21.90%
    21.70%
    21.60%
    19.20%
    17.60%
    18.50%
    Geostat
    Annual Inflation, end of period
    2.00%
    4.90%
    1.80%
    6.70%
    1.50%
    7.00%
    2.40%
    Geostat
    GDP, Bill. GEL
    31.1
    33.9
    35.8
    40.8
    44.6
    49.3
    49.4
    Geostat
    GDP, Bill. USD
    17.6
    14.9
    15.1
    16.2
    17.6
    17.5
    15.9
    Geostat
    GDP real growth
    4.40%
    3.00%
    2.90%
    4.80%
    4.80%
    5.00%
    -6.20%
    Geostat
    GDP per capita, USD
    4,739
    4,013
    4,062
    4,359
    4,722
    4,696
    4,275
    Geostat
    GDP per capita, PPP (current international $)
    11,583
    12,100
    12,855
    13,596
    14,584
    15,634
    15,142
    IMF
    Saving Rate (National savings/GNDI)
    14.30%
    13.80%
    17.20%
    18.70%
    20.60%
    19.10%
    13.40%
    NBG calculations
    CA/GDP
    -10.10%
    -11.80%
    -12.50%
    -8.00%
    -6.80%
    -5.50%
    -12.40%
    NBG calculations
    Trade openess (Export of goods and services+Import of goods and services)/GDP
    96.80%
    98.80%
    96.80%
    104.00%
    111.80%
    118.20%
    93.70%
    NBG calculations
    FDI/GDP
    10.40%
    11.60%
    10.90%
    12.20%
    7.40%
    7.50%
    3.90%
    NBG calculations
    International Reserves, Bill USD
    2.7
    2.5
    2.8
    3
    3.3
    3.5
    3.9
    NBG
    International Reserves in months of G&S imports
    3.2
    3.5
    4
    3.9
    3.7
    3.8
    5.2
    NBG calculations
    Gross External Debt/GDP
    79.30%
    102.40%
    105.30%
    106.60%
    101.30%
    106.60%
    127.70%
    NBG calculations
    Public External Debt/GDP
    24.10%
    29.40%
    30.90%
    32.60%
    30.60%
    32.80%
    46.80%
    NBG calculations
    REER, annual average change
    1.90%
    -4.60%
    3.40%
    -2.20%
    1.00%
    -5.40%
    -2.90%
    NBG
    Fiscal deficit/GDP
    -2.60%
    -2.30%
    -2.70%
    -3.00%
    -2.10%
    -2.10%
    -9.30%
    NBG calculations
    Commercial Banks Loans, Billion GEL
    13
    16
    18.9
    22.3
    26.6
    31.9
    38.2
    NBG
    Commercial Banks Loans Growth
    23.80%
    23.50%
    18.10%
    17.80%
    19.30%
    20.00%
    19.70%
    NBG
    Commercial Banks' Loans Growth, excl. ExR Effect
    18.30%
    6.10%
    10.80%
    18.60%
    17.80%
    16.20%
    9.10%
    NBG
    Deposits in Commercial Banks, Billion GEL
    11.6
    14.3
    17
    19.8
    23
    26.2
    34.6
    NBG
    Deposits in Commercial Banks, Growth
    20.20%
    23.50%
    18.20%
    16.80%
    16.10%
    13.90%
    31.90%
    NBG
    Deposits in Commercial Banks, Growth, excl. ExR Effect
    15.70%
    5.90%
    10.80%
    17.00%
    14.40%
    9.30%
    20.80%
    NBG
    Commercial Banks' assets/GDP
    66.20%
    74.20%
    84.10%
    84.90%
    89.00%
    95.80%
    115.10%
    NBG calculations
    Deposit Dolarization Ratio (Banking sector)
    60.20%
    69.50%
    71.40%
    65.60%
    63.10%
    64.10%
    61.40%
    NBG
    Loans Dolarization Ratio (Banking sector)
    60.80%
    64.60%
    65.40%
    57.10%
    57.10%
    55.40%
    55.70%
    NBG
    Monetary Policy Rate
    4.00%
    8.00%
    6.50%
    7.25%
    7.00%
    9.00%
    8.00%
    NBG
    Lending Rate, National Currency
    17.50%
    19.40%
    18.20%
    16.80%
    15.70%
    15.40%
    14.40%
    NBG
    Lending Rate, Foreign Currency
    10.50%
    10.30%
    8.70%
    7.90%
    7.60%
    6.30%
    6.90%
    NBG
    S&P
    BB-
    BB-
    BB-
    BB-
    BB-
    BB
    BB
    Standard & Poor's Ratings Services
    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