Georgia’s economy grows 4.7% in Q2 2017
Tweet 
Share
Georgia experienced 4.7 percent economic growth in the second quarter of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).
In the reporting period the largest shares of GDP by activity are held by Industry (16.7 percent) and Trade services (15.2 percent), followed by:
- Agriculture, hunting and forestry, fishing (9.9 percent)
- Transport and communication services (9.8 percent)
- Construction (9.4 percent)
- Public administration (8.5 percent)
- Real estate, renting and business activities (6.6 percent)
- Health and social work (5.8 percent)
Meanwhile the real growth was registered in the:
- Construction (16.4 percent)
- Hotels and restaurants (12.9 percent)
- Mining and Quarrying (7.4 percent)
- Real estate, renting and business activities (7.2 percent)
- Transport (7 percent)
- Financial Intermediation (6.4 percent)
- Communication (4.8 percent)
- Public administration (4.5 percent)
A decrease in the real value-added occurred in Agriculture, Hunting and Forestry; Fishing (-2.4 percent) and Electricity, Gas and Water Supply (-0.9 percent), said Geostat.
Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat).
Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). In June 2017, the estimated real Gross Domestic Product (GDP) growth rate amounted to 4.6 percent year-over-year (y/y).
Georgia experienced 5.1 percent economic growth in the first quarter of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).
Georgia’s economy is growing steadily, reaching five percent growth, show the latest data from the National Statistics Office of Georgia (Geostat).
The Asian Development Bank (ADB) is moving its forecast up and saying the Georgian economy will grow by 4.2 percent in 2017 and 4.5 percent in 2018.
Georgia experienced 4.7 percent economic growth in the first eight months of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).
The European Bank for Reconstruction and Development (EBRD) has revised its 2017 economic growth forecast for Georgia and said that the country’s economy in 2017 as well as in 2018 will experience a faster growth than previously expected.
The annually adjusted Gross Domestic Product (GDP) of Georgia at current prices in 2016 totalled 34.02 billion GEL, up by 7.2 percent year-on-year (y/y), show the latest data from the National Statistics Office of Georgia (Geostat).
Georgia experienced 4.9 percent economic growth in the first 10 months of 2017, show the latest data from the National Statistics Office of Georgia (Geostat). Meanwhile, the estimated real Gross Domestic Product (GDP) growth rate amounted to 5.7 percent year-on-year in October 2017.
Georgia experienced 4.4 percent economic growth in the third quarter (Q3) of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).
Georgia’s economy is growing steadily, reaching 4.8 percent growth in the first 10 months of 2017, show the latest data from the National Statistics Office of Georgia (Geostat). Meanwhile, in November 2017, the estimated real Gross Domestic Product (GDP) growth rate amounted to 3.7 percent year-over-year (y/y).
The World Bank raised its economic growth forecasts for Georgia, announcing 4.2 percent economic growth in 2018, 4.7 percent in 2019 and 5 percent in 2020. With this forecast Georgia is one of the leading countries among its neighbours in terms of economic growth, shows the Global Economic Prospects report.
Georgia’s economy to grow 4-6% in 2018
Georgia’s economy will grow between four to six percent in 2018, believes analyst at the Economist Intelligence Unit Max Lambertson.
Georgia will have one of the highest economic growth rates in the region in 2018-2022, asserts Georgia’s Economy Minister Dimitry Kumsishvili. At today’s Georgia-Belarus Business Forum, Kumshishvili said that in 2017 Georgia’s economic growth rate was higher than expected.