Gross Domestic Product of Georgia in 2010 The real growth of Gross Domestic Product (GDP) of Georgia in 2010 amounted to 6.4 percent and deflator grew by 8.7 percent year-on-year. In the same period the GDP at current prices totaled GEL 20 791.3 mil., up 15.6 percent. Table #1 2009 2010* GDP at current prices (mil. GEL) 17 986.0 20 791.3 GDP per capita (GEL) 4 101.3 4 686.5 GDP at current prices (mil. US dollars) 10 767.1 11 663.4 GDP per capita (US dollars) 2 455.2 2 629.0 Real GDP growth (%) -3.8 6.4 GDP deflator (%) -2.0 8.7 Real GDP growth and deflator in 2005-2010* (percent) 15.0 12.3 12.0 9.0 9.6 9.4 7.9 8.5 9.7 9.7 8.7 6.4 6.0 3.0 2.3 0.0-3.8-2.0-3.0-6.0 2005 2006 2007 2008 2009 2010* Real GDP grow th GDP deflator
Table #2 GDP (at current prices, mil. GEL) Economic activities 2009 2010* Agriculture, Hunting and Forestry; Fishing 1 457.1 1 518.3 Mining and Quarrying 123.3 192.2 Manufacturing 1 263.9 1 782.1 Electricity, Gas and Water Supply 490.8 533.9 Processing of Products by Households 521.8 548.1 Construction 1 004.3 1 139.2 Wholesale and Retail Trade; Repair of Motor Vehicles, Motorcycles and Personal and Household Goods 2 344.1 3 006.0 Hotels and Restaurants 346.4 435.2 Transport 1 138.0 1 429.1 Communication 608.3 668.1 Financial Intermediation 452.7 476.7 Real Estate, Renting and Business Activities 628.0 809.3 Imputed Rent of Own Occupied Dwellings 533.9 590.3 Public Administration 2 457.6 2 343.1 Education 757.5 870.0 Health and Social Work Services 1 021.4 1 199.4 Other Community, Social and Personal Service Activities 604.6 736.7 Private Households Employing Domestic Staff and Undifferentiated Production Activities of Households for Own Use 17.0 20.1 Financial Intermediation Services Indirectly Measured (FISIM) -224.4-235.5 GDP at basic prices mil. GEL 15 546.3 18 062.3 (+) Taxes on products 2 530.9 2 834.3 (-) Subsidies on products 91.3 105.3 GDP at market prices 17 986.0 20 791.3 GDP per capita at current prices equaled GEL 4 685.5 in 2010, or 2 629.0 USD, up by USD 173.8 USD compared to 2009. The tendencies of GDP per capita are shown on the chart below: 2
GDP per capita in 2005-2010* (GEL) 5000.0 4500.0 4000.0 3500.0 3000.0 2500.0 2000.0 1500.0 1000.0 500.0 0.0 4686.5 4352.9 3866.9 4101.3 3133.1 2689.1 2005 2006 2007 2008 2009 2010* The largest share in sectoral structure of GDP is held by industry (16.9 percent) followed by trade services (16.6 percent), public administration (13.0 percent), transport and communication services (11.6 percent) and agriculture, forestry and fishing (8.4 percent). 3
GDP structure in 2010* (percent) Other sectors 33.5% Industry 16.9% Trade 16.6% Agriculture, forestry and fishing 8.4% Transport and Communication 11.6% PPublic administration 13.0% Double-digit real growth was posted in the following sectors: manufacturing (20.3 percent), financial Intermediation (14.7 percent), trade (14.1 percent), transport (13.1 percent), hotels and restaurants (12.9 percent), other community, social and personal services (10.4 percent). Moderate real growth was recorded in real estate, renting and business activities (8.6 percent), construction (7.6 percent), communication (6.5 percent), mining and quarrying (4.7 percent), health and social work services (3.1 percent), education (2.3 percent), electricity, gas and water supply (2.1 percent). Slight decrease in value added occurred in processing of products by households (3.7 percent), agriculture, forestry and fishing (1.7 percent). 4
Table #3 Real GDP growth rates to the same period of the last year (percent) Economic activities 2009 2010* Agriculture, Hunting and Forestry; Fishing -6.8-1.7 Mining and Quarrying 9.4 4.7 Manufacturing -8.5 20.3 Electricity, Gas and Water Supply 6.2 2.1 Processing of Products by Households -1.8-3.7 Construction -3.1 7.6 Wholesale and Retail Trade; Repair of Motor Vehicles, Motorcycles and Personal and Household Goods -16.3 14.1 Hotels and Restaurants -4.4 12.9 Transport 0.5 13.1 Communication -3.4 6.5 Financial Intermediation 1.5 14.7 Real Estate, Renting and Business Activities -4.1 8.6 Imputed Rent of Own Occupied Dwellings 2.8 2.6 Public administration 1.2 0.8 Education 4.7 2.3 Health and Social Work Services 8.7 3.1 Other community, Social and Personal Service Activities -13.0 10.4 Private Households Employing Domestic Staff and Undifferentiated Production Activities of Households for Own Use 2.7 9.5 Financial Intermediation Services Indirectly Measured (FISIM) -1.0 9.6 GDP at basic prices -4.1 7.2 Taxes on products -1.7 1.3 Subsidies on products 4.0 4.3 GDP at market prices -3.8 6.4 GDP deflator -2.0 8.7 Notice: Adjusted data will be published by the end of November 2011. 5