Armenia vs Georgia: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Armenia |  Georgia |
|---|---|---|
| GDP | $12.4B | $17.6B |
| GDP growth, 1 year | 5% | 4.7% |
| GDP growth, 5-years average | 3.9% | 4% |
| Population | 2.9M | 3.7M |
| GDP per capita | $4.2k | $4.7k |
| GDP per capita growth | 4.95% | 4.72% |
| Purchasing Power Parity conversion factor | 196.69 | 1 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.41 | 0.39 |
| GDP per capita, PPP adjusted | $10k | $11k |
| GNI, Atlas method | $12.5B | $16.6B |
| GNI per capita | $4.2k | $4.4k |
| GNI, PPP adjusted | $30.9B | $42.9B |
| GNI per capita, PPP adjusted | $10k | $12k |
Financial system and Human development
| Stat | Armenia | Georgia |
|---|---|---|
| Income Tax Rate | 26% | 20% |
| Corporate Tax Rate | 20% | 15% |
| Inflation, consumer prices | 2.5% | 2.6% |
| Inflation, GDP deflator | 2.6% | 4.4% |
| Unemployment | 17.7% | 14.1% |
| Economic Freedom Index | 70.6 | 77.1 |
| Personal Freedom Index | 7.21 | 7.4 |
| Human Freedom Index | 7.42 | 7.48 |
| Property Rights Index | 60.7 | 68.6 |
| Judical Effectiveness Index | 54.1 | 57.9 |
| Business Freedom Index | 81 | 85.3 |
| Fiscal Health Index | 68.8 | 94.4 |
| Labor Freedom Index | 72.5 | 76.3 |
| Investment Freedom Index | 75 | 80 |
| Financial Freedom Index | 70 | 70 |
| Trade Freedom Index | 80.6 | 88.6 |
| Monetary Freedom Index | 76 | 78.3 |
| Government Spending Index | 80.6 | 73.6 |
| Tax Burden Index | 84.9 | 87.1 |
| Government Integrity Index | 43.4 | 64.8 |
| Corruption Perceptions Index | 35 | 58 |
| Life expectancy at birth, years | 74.8 | 73.4 |
| Suicide mortality rate, per 100,000 people | 6.6 | 8.2 |
| Mortality caused by road traffic injury, per 100,000 people | 17.1 | 15.3 |
| Intentional homicides, per 100,000 people | 2.4 | 1 |
| International tourism, number of arrivals | 1.7M | 4.8M |
Government debt & reserves
| Stat | Armenia | Georgia |
|---|---|---|
| Central government debt, % of GDP | 48.5% | 44.5% |
| External debt stocks, % of GNI | 87.5% | 110.6% |
| External debt stocks | $11B | $17.1B |
| Short-term debt, % of total reserves | 50.2% | 81.1% |
| Total debt service, % of exports and primary income | 29.9% | 23.7% |
| Adjusted net savings including particulate emission damage, % of GNI | 1.5% | 12.5% |
| Gross savings, % of GDP | 13.6% | 21% |
| Gross capital formation, % of GDP | 22.4% | 28.1% |
| Total reserves including gold | $2.3B | $3.3B |
| Foreign direct investment net inflows | $254.1M | $1.2B |
Exports, imports and economic structure
| Stat | Armenia | Georgia |
|---|---|---|
| Exports of goods and services, % of GDP | 37.8% | 50.6% |
| Imports of goods and services, % of GDP | 53.5% | 61.2% |
| Current account balance (balance of payments) | -$1.2B | -$1.2B |
| Revenue excluding grants, % of GDP | 22.5% | 23% |
| Grants excluding technical cooperation, BoP | $111.9M | $314.1M |
| Personal remittances received | $1.5B | $2B |
| Industry including construction value added, % of GDP | 25% | 19.9% |
| Agriculture, forestry and fishing value added, % of GDP | 13.7% | 6.8% |
| Charges for the use of intellectual property, payments BoP | N/A | $27.1M |
| Charges for the use of intellectual property, receipts BoP | N/A | $270k |
| Expense, % of GDP | 22.1% | 21.4% |
| Government Expenditure, % of GDP | 25.4% | 29.6% |
