Georgia’s GDP grows 2.1% y/y in May 2015
Tweet 
Share
Georgia’s Gross Domestic Product (GDP) experienced a growth of 2.1 percent year-on-year (y/y) in May 2015, says the country’s National Statistics Office (Geostat).
Today Geostat published information about the economic growth of May 2015.
The data showed the estimated real GDP growth reached 2.5 percent for the first five months of 2015 compared to 2014 figures.
Geostat explained it produced monthly rapid estimations of real GDP growth using administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics.
Meanwhile, the International Monetary Fund (IMF) projected Georgia’s economic outlook as two percent in 2015 and three percent in 2016.
Almost the same forecast was made by the European Bank for Reconstruction and Development (EBRD), who said Georgia’s economy was expected to decelerate to 2.3 percent in 2015 and 2.6 percent in 2016, reflecting mainly a deteriorating external environment with recession in Russia and sharp slowdown of regional trading partners.
Global ratings agency Fitch Ratings earlier revised its outlook for Georgia and now predicted the country will experience two percent economic growth in 2015.
This revised prediction was a downgrade on its 2014 economic forecast of 4.8 percent.
Meanwhile global ratings agency Moody's noted Georgia’s economy will grow 3.5 percent in 2015.
Geostat figures stated Georgia's economic growth rate amounted to 3.1 percent in the first quarter of 2015, while it reached 4.1 percent in March.
Georgia’s Gross Domestic Product (GDP) experienced an average real growth of 3.2 percent in the first three months of the year, says the country’s National Statistics Office (Geostat).
International Monetary Fund (IMF) projected Georgia’s economic outlook as two percent in 2015 and three percent in 2016.
Georgia’s economy is expected to decelerate to 2.3 percent in 2015 and 2.6 percent in 2016, reflecting mainly a deteriorating external environment, with recession in Russia and sharp slowdown of regional trading partners.
Global ratings agency Fitch Ratings has revised its outlook for Georgia and is now predicting the country will experience 2 percent economic growth in 2015.
Georgia’s economy will grow by 3.5 percent in 2015, reports global rating agency Moody's.
Georgia is exporting fewer products and importing more from abroad, says the country’s National Statistics Office, Geostat.
The first nine months of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) experience a slight downward trend year-on-year (y/y), claims the National Statistics Office of Georgia, Geostat.
The first 10 months of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) experience a slight downward trend year-on-year (y/y), claims the National Statistics Office of Georgia, Geostat.
Georgia’s Gross Domestic Product (GDP) has increased 8.5 percent year-on-year (y/y) totalling more than 29 million GEL, says the country’s National Statistics Office, Geostat.
The first 10 months of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) reach just over $8 billion USD.
The value of Georgia’s exports and imports (External Merchandise Trade) is decreasing year-on-year (y/y), claims the National Statistics Office of Georgia, Geostat.
The first 11 months of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) decrease year-on-year, claims the National Statistics Office of Georgia, Geostat.
In the third quarter (Q3) of 2015, Georgia’s Gross Domestic Product (GDP) showed a real growth of 2.5 percent year-on-year (y/y), while the GDP deflator increased by 6.3 percent.
In November 2015, the estimated real Gross Domestic Product (GDP) growth rate amounted to 5.3 percent year-on-year (y/y) in Georgia, says the National Statistics Office of Georgia (Geostat).
The estimated annual growth of Georgia’s real Gross Domestic Product (GDP) equalled 2.8 percent in 2015, says the National Statistics Office of Georgia (Geostat).