weekly economic digest€¦ · of business sector of georgia consti-tuted 8 614,7 million gel,...

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June 10 - 14, 2013

Weekly Economic Digest

Ministry of Economy and Sustainable Development of Georgia: www.economy.ge

Lali Gogoberidze Eter Mamukelashvili

Head of Economic Analysis and Policy Department [email protected]

Economic Analysis and Policy Department, Chief Specialist (+99599) 16 41 96

[email protected]

Contact Information:


Ministry of Economy and Sustainable Development of Georgia

June 10 June 10 June 10 ––– 14,14,14, 201320132013

In the first quarter of 2013, Foreign Direct Investment (FDI) in Georgia amounted

to 226 million US dollars

In the first quarter of 2013, turnover of business sector of Georgia constituted

8 614,7 million GEL, which is 5,7% higher compared to the previous year’s same

indicator

Main Themes of the Week

Economic and Business News

Foreign Direct Investments

According to the preliminary data of the National Statistics Office of Geor-

gia, in the first quarter of 2013, For-eign Direct Investment (FDI) in Geor-

gia amounted to 226 million US dol-

lars.

In the first quarter of the previous year, FDI in Georgia equaled to 269

million US dollars and in the fourth quarter to 181 million US dollars.

Japan is leader country by FDI in Georgia, which made the investment in amount of

46,3 million USD in the first quarter of 2013.

The biggest countries by FDI in Georgia are as follows:

Japan – 20% of total FDI (46,3 million

USD);

Azerbaijan – 17% of total FDI (38,4 mil-

lion USD);

Netherlands – 15% of total FDI (34,9

million USD);

United Kingdom – 8% (18,3 million

USD);

China –6% (12,5 million USD);

Czech Republic – 5% (10,2 million USD)

etc.

The largest share – 29% of total FDI (65,2 million USD) falls on Financial sector.

Breakdown of FDI, by other major economic sectors in the first quarter of

2013 is following:

Financial sector (29% of FDI, 65,2 mil-lion USD);

Energy sector (18% of FDI, 41,8 million

USD);

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June 10 - 14, 2013






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News

Mining (6% of FDI, 12,9 million USD);

Transports and communications (5% of

FDI, 11,9 million USD);

Manufacturing (5% of FDI, 11,3 million

USD);

Other (37% of FDI, 83,0 million USD).

www.geostat.ge

Business Sector of Georgia

In the first quarter of 2013, turnover

of business sector of Georgia consti-tuted 8 614,7 million GEL, which is

5,7% higher compared to the previ-

ous year’s same indicator.

According to the information of the Na-tional Statistics Office of Georgia, at the

same period, production value of business sector increased by 5,9% and reached

4 332,5 million GEL.

Tbilisi is the leader in terms of distribution of production value of Georgian business

sector with the 65%, then follows Kvemo Kartli (9,8%), Autonomous Republic of

Ajara (6,7%), Imereti (5,8%), Samegrelo-Zemo Svaneti (4,3%), Shida Kartli

(2,5%), Kakheti (1,7%) etc.

In the same period, consumption of goods

and services by enterprises rose by 3,4% and equalled to 6 588,3 million GEL.

Large size enterprises have the biggest

share in the turnover by enterprise size – 82,6%, then follows small size enterprises

– 10,7% and medium size enterprises – 6,7%. In the production value by enter-

prise size distribution is following: Large size enterprises – 81,2%, Small size en-

terprises - 11% and Medium size enter-prises – 7,8%.

In the first quarter of 2013, compared to

the same period of 2012, average monthly remuneration of employed persons is in-

creased by 3,9% and equals to 717,7 GEL.

In the same period number of persons

employed in the enterprises in Georgia rose by 3% and equalled to 485 745.

www.geostat.ge

Producer Price Index for Industrial

Products in Georgia

The Producer Price Index (PPI) for Industrial Products in Georgia, in

May 2013, compared to the same pe-riod of the previous year is de-

creased by 0,5% and by 0,01% over April 2013.

On an annual PPI rate, prices were de-creased on Manufacturing (by 1,4%), on

the subsections of manufacture of basic metals and fabricated metal products

(13,5%).

www.geostat.ge

http://www.geostat.ge



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June 10 - 14, 2013






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13/ 06/ 13 14/ 06/ 13 Change

NASDAQ 3,396.67 2,960.25 ▼ -12.85%

S&P 500 1613.17 1634.50 ▲ 1.32%

Dow Jones 14,994.15 15,166.00 ▲ 1.15%

Georgia's Eurobond (price) 117.55 117.01 ▼ -0.46%

Georgia's Eurobond (yield) 4.224 4.295 ▲ 1.68%

Source:

USD EUR GBP

14.06.13 1,6542 2,2049 2.5918

13.06.13 1,6565 2,1995 2.5933

12.06.13 1,6571 2,2005 2.5765

11.06.13 1,6571 2,1905 2.5728

10.06.13 1,6722 2,2160 2.6051

Source:

31/05/13 10/06/13 11/06/13 12/06/13 13/06/13 14/06/13

BRENT (DTD) (1 barrel) 92,39 96,00 95,50 95,27 95,56 97,17

Gold (1 oz) 1410,25 1376,75 1369,50 1377,25 1386,25 1379,75

Silver (1 oz) 22,57 21,81 21,58 21,78 21,83 21,69

Cooper (1 kg) 7,286 7,316 7,155 7,071 7,121 7,094

Source:

•

2006 2007 2008 2009 2010 2011 2012*

Nominal GDP (mln. GEL) 13789.9 16993.8 19074,9 17986,0 20743,4 24344,0 26138,9

Real growth of GDP 9,4% 12,3% 2,3% -3,8% 6,3% 7,2% 6,1%

GDP per capita (GEL) 3133.1 3866.9 4352,9 4101,3 4675,7 5447,1 5811,7

Source:

Economic Statistics

Main Macroeconomic Indicators

Yahoo Finance, Galt & Taggart Securities

National Bank of Georgia

MetalPrices.com, LBMA.org.uk, Yahoo Finance

National Statistics Office of Georgia

Indexes

Foreign Exchange Rates (GEL)

World Prices (USD)

In 2012*, nominal GDP of Georgia amounted 15 829,7 mln. USD, while in 2004 it amounted 5 125 mln. USD

*Adjusted evaluations will be published by end of November of 2013

* Datas for 2011 are preliminary

1.501.701.902.102.302.502.702.90

EUR USD GBP

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June 10 - 14, 2013






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June 10 - 14, 2013






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•2006 2007 2008 2009 2010 2011 2012*

Registered Export (FOB) 936,4 1232,1 1495,3 1133,6 1677,5 2189,1 2377,5

Registered Import (CIF) 3674,8 5212,2 6301,5 4500,2 5257,1 7057,8 7842,1

Turnover 4611,2 6444,3 7796,9 5633,9 6934,6 9246,9 10219,6

FDI in Georgia 1190.4 2014.8 1564,0 658,4 814,5 1117,2 865,2

Foreign dept of Georgia 1461,2 1540,6 2226,4 2694,4 3283,6 3607,8 3997,3

source : Natio nal S tatis tics Office o f Geo rgia, Natio nal Inves tm ent A gency, M inis try o f Finance o f Geo rgia

* Preliminary Data

(mln. USD) * Data for 2011 are preliminary

Foreign Direct Investments in Georgia in I quarter of 2013 equaled to 226 mln.USD (preliminary data)

499.1 449.8 1190.4 2014.8 1564.0 658.4 814.5 1117.2 865.2

9.7%7.0%

15.3%

19.8%

12.2%

6.1%7.0%

8.0%

5.5%

0%

5%

10%

15%

20%

25%

0

500

1000

1500

2000

2500

2004 2005 2006 2007 2008 2009 2010 2011 2012*

mln

. U

SD

Foreign Direct Investments

FDI FDI ration to GDP

Manufacturing, 22.2

Energy sector, 19.8

Financial sector, 18.0

Transports and

communications, 17.2

Real estate, 3.3

Agriculture, fishing, 2.8

Other sectors, 16.7

FDI by Economic Sectors (2012*, %)

141.7

87.5

87.1

72.7

66.8

0 50 100 150 200 250 300

Germany

Netherlands

Turkey

Azerbaijan

United Kingdom

Mln. USD

Top Investor countries 2012*

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June 10 - 14, 2013






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2007 2008 2009 2010 2011 2012* 2013*

Revenues 4469,1 5517,7 4916,9 5421,5 6442,3 7158,3 7422,5

Taxes 3010,5 4541,5 4161,7 4592,4 5801,9 6300,0 6920,0

Social contributions 722,0

Grants 208,7 617,2 387,7 471,4 223,1 318,3 202,5

Other revenues 527,8 359,0 367,5 357,7 417,2 540,0 300,0

Remark: Datas for 2012 and 2013 are plans

Source:

2006 2007 2008 2009 2010 2011 2012

Reserve money 1272,1 1781,8 1642,1 1874,9 2081,1 2901,0 3255,1

Currency in Circulation 929,5 1310,5 1290,7 1457,9 1618,2 1753,6 1918,1

Source:

Georgian law about State Budget

Monetary Indicators

National Bank of Georgia

State Budget Revenues

(mln. GEL)

866.71007.4

1272.1

1793.81642.1

1874.92081.1

2901.03255.1

676.2811.4 929.5

1310.51290.7

1457.9 1618.2 1753.6

1918.1

0

500

1000

1500

2000

2500

3000

3500

2004 2005 2006 2007 2008 2009 2010 2011 2012

Tho

usa

nd

GEL

Reserve money Currency in circulation

3139.2

4469.1

5517.74916.9

5421.56442.3 7158.3 7422.5

-200

1800

3800

5800

7800

2006 2007 2008 2009 2010 2011 2012* 2013*

Mln

. GEL

8

June 10 - 14, 2013






[email protected]


Ministry of Economy and Sustainable Development of Georgia


Georgian Agency for Standards, Technical Regulations and Metrology

Lali GogoberidzeHead of Economic Analysis and Policy Department

(+99532) 299 11 14 la l [email protected]


(+995599) 16 41 96 [email protected]

Useful Links:

Georgian National Investment Agency

Georgian National Tourism Administration www.gnta.ge

www.investingeorgia.org

Eter MamukelashviliChief Specialist of Economic Analysis and Policy Department

Georgia's profile www.georgia.gov.ge

Ministry of Economy and Sustainable Development of Georgia www.economy.ge

Ministry of Agriculture of Georgia www.moa.gov.ge

Ministry of Energy and Natural Resources of Georgia www.menr.gov.ge

Government of Georgia www.government.gov.ge

Ministry of Finance of Georgia

National Statistics Office of Georgia www.geostat.ge

www.geostm.ge

Ministry of Environment Protection of Georgia www.moe.gov.ge

Parliaments of Georgia www.parliament.ge

www.mof.ge

National Bank of Georgia www.nbg.gov.ge

weekly economic digest€¦ · of business sector of georgia consti-tuted 8 614,7 million gel,...

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