Statistical and Financial Analysis of Georgian Railway`s Main Performance Indicators in 2006-2019

  •  Davit Gondauri    
  •  Manana Moistsrapishvili    


Due to the geopolitical location, Georgia can become the center for Caucasus transport-logistics; partly it still performs this function. The purpose of this research paper is to study and analyze the financial-economic and statistical position of the main indicators of the Georgian Railway Holding. Based on all the above mentioned, we have set out the tasks of the research: Statistic analysis of the value added created by the Railway Industry in the Georgian economy years 2006-2019, Determination of correlation between the general indicators of JSC "Georgian Railway" and factors operating on it, Comparative analysis of the financial indicators of the Georgian railway in the post soviet space. Data was taken from the Georgian Railway Information Technology Agency. We observed the sensitivity of cargo movement in the region. The correlation between the general indicators of JSC "Georgian Railway" and its operating factors are also reflected in the study. Despite the small portion of the railway in the country's GDP, its role in the socio-economic development of the country is great. The average annual geometric growth of the EBITDA of regionals railways is decreasing. This reduction is caused by general economic shocks in region and slowing of economic growth. However, it is worth mentioning that the results of Georgian Railway compared with the other countries are only 4% reduction. This means that the reduction of shipping of oil and dry cargo by the Georgian Railways in recent times is caused by external factors.

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