Georgia’s GDP grows 8.5 % y/y in 2014
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Georgia’s National Statistics Office, Geostat, has today released full-year information of the Gross Domestic Product (GDP) of Georgia in 2014.
As a result of annual adjustment, the 2014 GDP of Georgia (at current prices) totalled more than 29 billion GEL – an increase of 8.5 percent year-on-year (y/y) – said Geostat.
In the same period the real GDP growth amounted to 4.6 percent and the deflator increased by 3.8 percent y/y.
The largest share in the sectoral structure of GDP was held by trade services (17.5 percent) and industry (16.9 percent), followed by transport and communication services (10.4 percent), public administration (9.9 percent), agriculture, forestry and fishing (9.3 percent), construction (7.1 percent) and health and social work (6 percent).
Real growth was posted in construction (13.1 percent), financial intermediation (7 percent), real estate, renting and business activities (8.1 percent), hotels and restaurants (7.3 percent), trade (5.8 percent) and transport (5.8 percent).
A decrease in the real value-added was recorded in electricity, gas and water supply (2.4 percent).
The amount of money a person needs to support themselves in Georgia is slowly increasing month-on-month.
Georgia’s estimated real Gross Domestic Product (GDP) growth rate enjoyed a 2.3 percent increase year-on-year (y/y) in August 2015, says the country’s National Statistics Office, Geostat.
Georgia is attracting more Foreign Direct Investments (FDIs).Adjusted figures released today by the National Statistics Office of Georgia, Geostat, reveal FDIs in Georgia for the year 2014 amounted to $1,758 million USD – an 87 percent increase on 2013 figures.
Georgia’s estimated real Gross Domestic Product (GDP) growth rate amounted to 3.1 percent year-on-year (y/y) in June 2015, says the country’s National Statistics Office (Geostat).
Georgia’s business sector is growing in a range of directions, generating increased turnover and employing more people with higher salaries.
The country’s Gross Domestic Product (GDP) experienced an average real growth of 3 percent year-on-year (y/y) in July 2015, says the country’s National Statistics Office.
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).
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).
Georgia’s market economy is continuing to maintain sustainable growth, reveals the National Statistics Office of Georgia.
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).
Georgia’s Gross Domestic Product (GDP) grew 0.8 percent year-on year (y/y) in January 2016, says the National Statistics Office of Georgia, Geostat.
Georgia’s Gross Domestic Product (GDP) increased 8.7 percent in 2015, says the National Statistics Office of Georgia (Geostat). Last year Georgia’s GDP at current prices totalled 31.7 million GEL (about $13.7 million/€ 12.1 million*), said Geostat.
Georgia’s economy is growing, shows preliminary data published by the National Statistics Office of Georgia (Geostat).
Georgia’s economy is growing, shows preliminary data published by the National Statistics Office of Georgia (Geostat).
Georgia’s economy is growing, shows preliminary data published by the National Statistics Office of Georgia (Geostat).