Issue 34: Exchange Rate Dynamics - November 2014
10-Dec-2014
On December 10, 2014, the official exchange rate set by the National Bank of Georgia is 1.93 GEL to 1 USD. During the last three weeks GEL depreciated against the USD by 0.18 units. At the peak, exchange booths were selling 1 USD at 2.05 GEL. The depreciation of the GEL in such an extent was out of the logic, despite taking into the consideration the fundamental aspects (trade balance worsened, remittances from abroad declined, the flow of the tourists slowed down), which affected negatively on the GEL exchange rate. The sharp depreciation of the GEL was basically due to the speculations of the market players, also due to the panic reactions of the population as well as businesses, converting the GEL into the USD.  
Issue 33: External Trade - Q3 2014
28-Nov-2014
In the Q3 2014, the trade turnover increased (1.9%), compared to the same period in 2013, which is due to the increase of import (4.9%). In this period the volume of exports decreased (-6.2%), due to the decrease of the volume of re-export, therefore the trade balance also worsened (-11.5%). The top five largest trade partners are still: Turkey (16.7%), Azerbaijan (10.1%), China (8.0%), Russia (7.5%) and Ukraine (5.5%).  
Issue 32: Public Debt - I-III quarters, 2014
14-Nov-2014
In the first three quarters of 2014, the volume of public debt increases (3.9%; 336.1 mln. GEL) compared to 2013. The volume of domestic debt increases (36.6%), while the volume of external debt declined (-2.1%). In the first three quarters of 2014, the volume of public debt increases (3.9%; 336.1 mln. GEL) compared to 2013. The volume of domestic debt increases (36.6%), while the volume of external debt declined (-2.1%).
Issue 31: Tax Revenue - January-September 2014
21-Oct-2014
In September 2014, the volume of budget tax revenues exceeds (17.0%; 96.6 mln. Gel) the corresponding indicator in September 2013 and reaches 665.9 mln. GEL. Revenues increase from: value-added tax (VAT) (23.0%), profit tax (22.3%), personal income tax (14.2%) and import tax (13.2%). Revenue from the excise tax decreases (-1.4%).
Issue 30: GDP and FDI - II quarter 2014
03-Oct-2014
In the first quarter of 2014, real GDP increased (7.1%, 223mln GEL). Manufacturing (16.7%, 56.4 mln.GEL), construction (14%, 35 mln. GEL) and trade (11.1%, 57.1mln GEL) expanded the most. The reduction was only in mining (-13.6%; -3.3 mln.GEL). In the first quarter of 2014, FDI (15%; 33.7 mln.USD) also increased.   
Issue 29: Tax Revenue - January-July 2014
18-Sep-2014
In July 2014, the volume of tax revenues exceed (12.4 %; 98.2 mln. GEL) the corresponding indicator in July 2013 and reached 647.4 mln. GEL. Tax revenues increased in all categories: value-added tax (VAT) (17.1 %; 41.2 mln. GEL), income tax (13.7 %; 20.5 mln. GEL), import tax (6.0 %; 0.5 mln. GEL), profit tax (4.9%; 5.0 mln. GEL) and excise tax (4.1 %; 3.0 mln. GEL).
Issue 28: Banking Sector - July 2014
12-Sep-2014
In July 2014, the volume of deposits increased (19.1%) compared to July 2013. Deposits denominated in both, national (GEL) , as well as in foreign currency (17.9%) increased (21%;17,9%) .The share of deposits denominated in foreign currency (60.9%) still exceed the share of deposits denominated in national currency (GEL) (39.1%).   
Issue 27: GDP and FDI - I quarter 2014
30-Jul-2014
In the first quarter of 2014, real GDP increased (7.1%, 223mln GEL). Manufacturing (16.7%, 56.4 mln.GEL), construction (14%, 35 mln. GEL) and trade (11.1%, 57.1mln GEL) expanded the most. The reduction was only in mining (-13.6%; -3.3 mln.GEL). In the first quarter of 2014, FDI (15%; 33.7 mln.USD) also increased.   
Issue 26: Tax Revenue - January-May 2014
27-Jun-2014
In January-May of 2014, the state budget total revenue of Georgia increased (4.7%; 127.7 mln.GEL), compared to the respective period in 2013. This is due to significant increase of tax revenue (5.1%; 131.1 mln.GEL) and other revenues (17.0%; 16.1 mln.GEL). 
Issue 25: Trade with Ukraine - I quarter, 2014
14-May-2014
In March 2014, the volume of export (-33.3%; -5.1 mln.USD) as well as the volume of import (-4.3%; -2.1 mln.USD) decreased significantly compared to March 2013. In the first quarter of 2014, according to the share in total export (8%), Ukraine is the fourth largest partner of Georgia. According to the share in total import (6%) , Ukraine is Georgia‚Äôs fifth partner.