Goods and services expense in Georgia
Georgia: Goods and services expense was 3.18 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Georgia, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Georgia stood at 3.18 billion current LCU. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 11.4% on the previous year and up 181.7% over ten years.
Over the whole period, goods and services expense in Georgia peaked at 3.18 billion current LCU in 2024 and was at its lowest, 116.00 million current LCU, in 2000.
Georgia ranks 118th of 155 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 262.78 million current LCU | 123.90 million current LCU | 373.30 million current LCU | 5 |
| 2000s | 609.60 million current LCU | 116.00 million current LCU | 1.51 billion current LCU | 10 |
| 2010s | 1.28 billion current LCU | 881.60 million current LCU | 1.72 billion current LCU | 10 |
| 2020s | 2.54 billion current LCU | 1.92 billion current LCU | 3.18 billion current LCU | 5 |
Countries ranked near Georgia
More public sector data for Georgia
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Tax revenue 24.3% (2024)
- Taxes on income, profits and capital gains 38.5% (2024)
- Taxes on goods and services 44.5% (2024)
- Net investment in nonfinancial assets 4.6% (2024)
- Net lending (+) / net borrowing (-) -2.1% (2024)
- Interest payments 5.5% (2024)
- Grants and other revenue 16.1% (2024)
- Interest payments 5.9% (2023)
- Other taxes 0.3% (2024)
Frequently asked questions
- What is goods and services expense in Georgia?
- Goods and services expense in Georgia was 3.18 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Georgia?
- The highest recorded value was 3.18 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Georgia?
- The lowest recorded value was 116.00 million current LCU in 2000.
- How does Georgia rank for goods and services expense?
- Georgia ranks 118th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Georgia?
- Over the last ten years it is up 181.7%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.