Statistical indicators – Georgia in six months

Lali Chagelissvili

According to social-economic indicators there is decreasing tendency in GDP. If in 2004 (January-May) the indicator was 109, 5 %, in 2005 it decreased to 107, 3 % by 2, 2 units. Though the growth of nominal indicator was depicted by 6% and equaled 116%.

Following the pre evaluation of the Statistics Department GDP is expected to grow in the first half of 2005 and will equal 4 778,8 within 6 months’ results and its percent indicator will be equivalent to 106,4 %.
Consumer price index is observed to have increased by 0, 6 percent unit, which mainly goes on the account of market product. The level of unemployment rose. According to the data of 2004 it was 13 % within 6 months’ period, the 2005 year indicator shows 14, 7 % for the same period. Unemployment level is considerably high in the city. The indicator in 2004 was 24 %. Real salary growth rate is one of the most important social indicators, has remained the same in 2003-2004 and equals to 114 %. Its indicator by 2005 within 6 month period is not determined yet.
We have a very interesting situation in terms of entrepreneur activation. According to the Georgian statistical data the range of industry product procession by county’s large, middle and small business factories reached 736, 8 million GEL on January – May of 2005. The indicator is more by 10, 9 % than the one of 2004 (January – May)
The basic business factory indicators of 2005 (January – May) are as follows:
78, 5 percent of production is processed by large business factories in Georgia. The production of which in 2005 (January – May) reached 1377, 9 million GEL making up 78, 8 % of total industry production manufacture.
Total manufactured product price in Georgia totaled 1754, 4 million Lari without VAT and excise tax from which 1714.2 million GEL: goes to industrial unit having legal entity status that is 97.7 % from total production. From total range of production processed by large, middle and small business (including individual) manufactures 42,9 percent (753,5 million lari) goes to industry units while 29,8 percent (522,2 million GEL) to transportation and communication units (148,8 million GEL), 7,6 percent (132,8 million GEL) for trade, restoration of cars, home care commodities and personal facilities. The following table illustrates industry production indicators following the key aspects of economic performances.
The growth of industry units was shown in procession industry by 11,5 percent in 2005 (January – May): mostly in procession of fruits and vegetables – preservation 4,4 times more, cloth procession 2,3 times more, sugar procession by 83,2 %, furniture by 81,7 %, distilled alcoholic beverages by 77,7 %, electro, electric and optical facilities by 61,9 %, books by 51,7 %, ready metal production by 39,7 %, ice cream by 38,7 %, newspapers by 37,8 %, shoe production by 36,6 %, diary production 36,1 %, mineral water and other non alcoholic beverages by 33,9 %, coffee reprocessing by 29,4 %, beer production by 25,7 %, pharmaceutical materials and medicine by 23,9 %, chemical substance by 17,9 %, journals by 17,2 %, meat product by 14,3 %, saw mill –by 13,9 % etc. electric energy, gas and water procession – distribution by 10,6 % , gas distribution by 25,2 %. The range of production has decreased in mountain exploration industry by 16.0 %, fuel and gas exploration industry by 42, 3 %
Despite the growth of industry production industry growth rate has decreased in some types of procession industries. E.g. fuel products by 79, 9 %, lime production by 32, 7 %, tobacco by 25, 4 %, rubber and plastic production by 18, 2 %, basic metal 7, 3 %, jewelry production by 6, 0 % etc
The fact that three Georgian companies received “Georgian Quality” diplomas deserves mentioning and therefore is an example of industry advancement.
The foundation “Georgian Quality” has awarded three Georgian companies in “Garden Party” held in Business federation. The winners are Tbilisi jewelry factory, “Georgian Petroleum”, and the company “Regtificat”.
According to the rate of industry production growth Georgia after Azerbaijan occupies the second place in CIS countries.
In 2005 (June) compared to 2004 of December the price index of production manufacture equaled to 106, 0 %. The growth in price of some products is noticeable in the first half of 2005. Tobacco price increased by 61 %, fuel and gas procession – by 38, 1 %, metallurgical industry by 43, 4 %, Total price level decreased in textile industry, car and commodity production – by 26,2 % and 19,2 %
The account deficit of 2005 (the first quarter) got to 107.2 million USD, which exceeds by 6, 4 million USD the last year’s (first quarter) indicator.
The rate of direct investments has been decreased compared to the same period of the previous year. The reason can be identified as the completion of fuel pipeline construction in Georgian territory that reduced direct investments by 60 million USD.
By the end of the second quarter of 2005, 20 commercial banks have been operated. 14 from which by means of foreign capital. The total asset price totaled to 1913, 9 million Lari which is 33 % more than last year’s indicator
Loans given for economic private sector occupies major part in home assets of Georgian valid commercial banks. 70 % of loans go to the following sectors: trade 37, 7 %, industry 17, 1 %, financial mediation 8, 4 %, building construction 6, 5. The share of theses sectors in GDP equals to 30 percent.