REGIONAL GROSS DOMESTIC PRODUCT OF GEORGIA. METHODOLOGICAL CHANGES

Inga Benashvili; Mamuka Benashvili

doi:10.31435/rsglobal_ws/30112019/6779

REGIONAL GROSS DOMESTIC PRODUCT OF GEORGIA. METHODOLOGICAL CHANGES

Inga Benashvili Associate Professor, Georgia, Tbilisi, Teaching University Geomedi, Geostat
Mamuka Benashvili Lecturer, Georgia, Tbilisi, Teaching University Geomedi, Geostat

DOI: https://doi.org/10.31435/rsglobal_ws/30112019/6779

Keywords: Regional Gross Domestic Product, Regional Gross Value Added, Output, Intermediate consumption

Abstract

The paper is devoted to the methodological changes in the calculation of regional Gross Domestic Product (GDP), mainly due to the introduction of the 2008 version of the System of National Accounts in Georgia. Other changes are related to the transition to a new classification system of economic activity (NACE rev2). Because of this, the regional structure of GDP has changed significantly.
Regional GDP on a per capita basis, in 2018 Tbilisi ranks first (6122,5 USD). Then it will be followed by Adjara (5514.3 USD). Their rate is significantly higher than the national rate (4722.0 USD).
The priority directions for calculating regional GDP in Georgia are as follows:
•Receiving data directly from local units (local KAUs) by improving information sources;
•More detailing of regionalization. In particular, at the municipal level;
•Calculate regional GDP at constant prices.

References

System of National Accounts 2008, European Commission, International Monetary Fund, Organization for economic Co-operation and Development, United Nations, World Bank, New York, 2009, p. 662

European System of Accounts, ESA 2010, European Union, 2013, p. 652

Manual on regional accounts methods, European Union, 2013, p. 134

https://www.geostat.ge/en/modules/categories/23/gross-domestic-product-gdp

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Published

2019-11-30

Citations

How to Cite

Inga Benashvili, & Mamuka Benashvili. (2019). REGIONAL GROSS DOMESTIC PRODUCT OF GEORGIA. METHODOLOGICAL CHANGES. World Science, 3(11(51), 9-12. https://doi.org/10.31435/rsglobal_ws/30112019/6779

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Issue

Vol 3 No 11(51) (2019): World Science

Section

Economy

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