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Wirtschaftlicher Überblick

Macroeconomic Overview

 

In the first quarter of 2013 (preliminary data) the real GDP growth rate amounted to 2.4%. 

For this period, GDP in current prices amounted to 5 782.8 million GEL (3 487.6 million USD) and GDP per capita equaled to 1 289.7 GEL (777.8 USD).

In 2012 the GDP growth rate amounted to 6.1%. 

In 2012 GDP in current prices amounted to 26 138.9 million GEL (15 829.7 million USD) (preliminary data) and GDP per capita equaled to 5 811.7 GEL (3 519.6 USD).

In June 2013, as compared with June 2012, the inflation rate in Georgia amounted to 0.2%.

In 2011 the inflation rate in Georgia amounted to 2.0 % and in 2012 - 0.9%.

In 2012 the Foreign Direct Investments (FDI) in Georgia amounted to 865.2 million USD (preliminary data).

In the first quarter of 2013 the Foreign Direct Investments (FDI) in Georgia amounted to 226.2 million USD (preliminary data).

In January-May of 2013 the foreign trade turnover in Georgia (excluding unorganized trade) amounted to 3 881.0 million USD (4% less as compared with the same period of the previous year), where the export was 1 001.9 million USD (4% increase) and import - 2 880.0 million USD (7% less).

In 2012 the foreign trade turnover in Georgia (excluding unorganized trade) amounted to 10 220.0 million USD (11% increase as compared with the same period of the previous year), where the export was 2 377.0 million USD (9% increase) and import - 7 842.0 million USD (11% increase).

Table 1. Main Economic Indicators

(2007 - 2013) (January-May)

 

 

2007

2008

2009

2010

2011

2012

2013

Real GDP Growth (%)

12.3

2.3

 

-3.8

 

6.3

 

7

 

6.1

2.4

(1st quarter, provisional data)

Foreign Trade Turnover(million. USD)

6 444.3

7 796.9

5 633.9

6 731.4

9 247.0

10 220.0

4 713.4 (January-June)

Export (million. USD)

1 232.1

1 495.3

1133.6

1575.1

2 189.0

 

2 377.0

1 236.1 (January-June)

Import (million. USD)

5 212.2

6 301.5

4 500.2

5 156.3

7 058.0

7 842.0

3 477.3 (January-June)

Exports (growth,%)

32.5

21.5

24.1

(reduce)

40

39

9

9

(January-June)

Imports (growth,%)

41.8

16.2

30.6

(reduce)

17

34

11

7 (reduce) (January-June)

Inflation Rate (%)

11

5.5

3.0

11.2

2

-0.9

0.2 (June)

Foreign Direct Investments (million. USD)

2 014.8

1 564.0

658.4

814.5

1 117.2

865.2 (provisional data)

226.2

(1stquarter, provisional data)

GDP (million USD)

10 172.0

12 800.0

10 767.0

11 636.0

14370.0

15 829.7

( provisional data)

3 487.6

(1stquarter, provisional data)

GDP per capita (USD)

2 315

2 921

2 455

2 623.0

3215

3 519.6

777.8

 

Annex

 

 

Georgian External Trade with Main Partner Countries

January-June, 2013

 

 

Countries

Exports

Imports

Turnover

Thousand USD

%

Thousand USD

%

Thousand USD

%

Total

1 236 108,4

100,0

3 477 317,6

100,0

4 713 426,0

100,0

Of which:

 

 

 

 

 

 

Turkey

81 884,4

6,6

610 870,8

17,6

692 755,2

14,7

Azerbaijan

 

332 805,0

26,9

273 166,1

7,9

605 971,1

12,9

Ukraine

69 167,2

5,6

272 440,9

7,8

341 608,1

7,2

China

18 230,9

1,5

283 529,1

8,2

301 760,1

6,4

Russia

 

41 918,0

3,4

235 546,3

6,8

277 464,2

5,9

Germany

12 267,9

1,0

215 458,4

6,2

227 726,2

4,8

United States

85 072,5

6,9

123 797,1

3,6

208 869,6

4,4

Armenia

141 059,9

11,4

50 122,3

1,4

191 182,2

4,1

Italy

36 281,2

2,9

110 209,5

3,2

146 490,7

3,1

Bulgaria

43 314,9

3,5

101 946,1

2,9

145 261,0

3,1

Other Countries

374 106,5

30,3

1 200 231,1

34,5

1 574 337,6

33,4


 
 

 

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