January-August 2017: Georgia’s economy grows 4.7%
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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).
Meanwhile, the estimated real Gross Domestic Product (GDP) growth rate amounted to 4.3 percent year-on-year in August 2017.
Georgia’s Ministry of Economy announced that real GDP growth was observed in the following industries:
- Hotels and restaurants - 18.5 percent growth
- Real estate operations - 7.8 percent growth
- Manufacturing - 6.9 percent growth
As the Ministry explained in August 2017 economic growth was mainly driven by increased external trade and export growth of products from the following sectors:
- Ferroalloys - 134 percent growth
- Nitrogenous fertilisers - 84 percent growth
- Medicines - 65 percent growth
- Wine -58 percent growth
- Alcoholic beverages -29 percent growth
- Mineral waters - 23 percent growth
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 Q2 of 2017 the largest shares of GDP by activity are held by Industry and Trade services.
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).
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).
Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real Gross Domestic Product (GDP) growth rate in December 2017 and in the fourth quarter (Q4) of 2017 amounted to 4.7 percent year-over-year (y/y).