Georgia: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Georgia

Fiscal balance, percent of GDP

 Latest value -3
 Year 2022
 Measure percent
 Data availability 2002 - 2022
 Average -2.25
 Min - Max -9.3 - 2.66
 Source National Bank of Georgia
For that indicator, we provide data for Georgia from 2002 to 2022. The average value for Georgia during that period was -2.25 percent with a minimum of -9.3 percent in 2020 and a maximum of 2.66 percent in 2006. The latest value from 2022 is -3 percent. For comparison, the world average in 2022 based on 149 countries is -2.63 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Georgia - Fiscal balance, percent of GDP - recent values

Historical chart
Georgia - Fiscal balance, percent of GDP - historical chart - 2002-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 12.48 2022 percent
 Government spending, in dollars 3.09 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.00 2022 percent
 Government debt 41.30 2022 percent
 Government expenditure 2.59 Q3/2023 billion
 Tax revenue 23.09 2022 percent
 Commercial tax rate 9.90 2019 percent
 Tax preparation time 216 2019 hours
 Number of taxes 5 2019 taxes
 Taxes on goods and services 48.24 2022 percent
 Taxes on international trade 0.64 2022 percent
 Income and profits taxes 35.58 2022 percent
 Foreign aid 767.64 2021 million U.S. dollars
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