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Macroeconomic Overview

 

In 2011  the GDP growth rate amounted to 7% . GDP in current prices amounted 24229.0 million GEL (14370.0 million USD) and GDP per capita equaled to GEL 5421.0 (3215.0 USD).

In 2011the inflation rate amounted 2.0 %.

In 2011 the Foreign Direct Investments (FDI) in Georgia amounted to 981.0 million USD (preliminary data).

In 2012 (January-March) the foreign trade turnover in Georgia amounted 2244.0 mln.USD  (17% increase in same period of the last year), where the export was 539.0 mln.USD (16% increase in comparison same period of the last year) and import 1706.0 mln. USD (17% increase in comparison same period of the last year). In 2012 (January-March) the negative trade balance of Georgia amounted 1167.0 mln.USD. The ratio of import coverage by export was 31.6% 

In 2011 the foreign trade turnover in Georgia amounted 9247.0 mln.USD (36% increase in same period of the last year), where the export was 2189.0 mln.USD (36% increase in comparison same period of the last year) and import 7058.0 mln.USD (34% increase in comparison same period of the last year). In 2011 the negative trade balance of Georgia amounted 4869.0 mln.USD (32% increase in comparison same period of the last year). The ratio of import coverage by export was 31.0% 

 

Table 1. Main Economic Indicators

(2006 -  2011)

   

2006

2007

 

2008

 

 

2009

 

2010

 

2011

Real GDP Growth (%)

9.4

12.3

2.3

 

 

     -3.8

 

 

6.3

 

7

foreign trade turnover

(mln. USD)

4 611.2

6 444.3

 

7 796.9

 

5 633.9

6 731.4

 

 

2244.0

2012

(January-March)

Export (mln. USD)

936.4

1 232.1

 

1 495.3

1133.6

 

1575.1

 

 

539.0

2012

(January-March)  

Import (mln. USD)

3 674.8

5 212.2

 

6 301.5

 

4 500.2

5 156.3 

 

 

1706.0

2012

(January-March)

 

Exports (growth,%)

14

32.5

21.5

24.1

(reduce)

40,0

 

 16

2012

(January-March)

Imports (growth,%)

47.8

41.8

16.2

30.6

(reduce)

17,0

 

 

17

2012

(January-March)

Inflation Rate (%)

 

8.8

11.0

5.5

3.0

            11.2

2

Foreign Direct Investments

(mln. USD)

1 190.4

2 014.8

1 564

 

658.4

 

814.5

 

981

GDP (mln USD)

7 762

10 172

12 800

 

10 767

 

11 636.0

 

14370.0

GDP per capita (USD)

1 764

2 315

2 921

 

 

2 455

 

 

 

2 623.0

 

 

3215

 

 

Attached documents:
Annex

Minister of Foreign Affairs
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