10 months data: Georgia’s economy grows almost 5%
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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.
Geostat announced that the estimated real GDP growth in October 2017 was observed in the following industries:
- Hotels and restaurants
- Manufacturing
- Trade
- Transport
A decrease was registered in construction and real estate activities, added Geostat.
This is a great result on a regional scale and, of course, our duty is to create as much dynamics as possible in the economy. And I am sure the Tbilisi Silk Road Forum that was held in Georgia and those projects that are planned within the forum will create more dynamics,” said Prime Minister of Georgia, Giorgi Kvirikashvili at today’s government meeting.
The PM stated that based on the economic forecasts of "all financial institutions” Georgia will experience higher economic growth next year.
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).
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 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).
Georgia’s economy is growing steadily, reaching 4.4 percent growth in the first month of 2018, show the latest data from the National Statistics Office of Georgia (Geostat).