Weekly Economic Digest€¦ · of business sector of Georgia consti-tuted 8 614,7 million GEL,...
Transcript of 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
Contact Information:
Weekly Economic Digest
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
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
Contact Information:
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
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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
Contact Information:
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
4
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
Contact Information:
5
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
Contact Information:
6
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
Contact Information:
•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
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
Contact Information:
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
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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
Contact Information:
Ministry of Economy and Sustainable Development of Georgia
Weekly Economic Digest
Georgian Agency for Standards, Technical Regulations and Metrology
Lali GogoberidzeHead of Economic Analysis and Policy Department
(+99532) 299 11 14 la l [email protected]
Contact Information:
(+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