Georgia’s economy grows 4.8% in 10 months
Tweet 
Share
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).
Last month the estimated real GDP growth was registered in the following activities:
- Hotels and restaurants
- Real estate activities
- Trade
- Transport
On the other hand a decrease occurred in:
- Construction
- Manufacture of food products
- Manufacture of basic metals
Various international financial institutions have positive expectations about Georgia’s economic growth.
The World Bank projects Georgia’s economic growth will hit 3.5 percent in 2017 and four percent in 2018.
The International Monetary Fund (IMF) expects four percent growth for Georgia’s economy in 2017.
Global rating agency Fitch Ratings forecasts 4.2 percent growth in 2017 for Georgia.
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 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 4.7 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). 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).
Georgia’s nominal Gross Domestic Product (GDP) in 2017 amounted to 38 billion GEL, up by 11.8 percent year-on-year (y/y), shows the preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia’s economy grew 4.9 percent in the first two months of 2018, show the latest data from the National Statistics Office of Georgia (Geostat). Last month the estimated real Gross Domestic Product (GDP) growth rate amounted to 5.5 percent year-on-year (y/y).
Georgia’s economy grew 5.2 percent in the first quarter of 2018, show the latest data from the National Statistics Office of Georgia (Geostat). Last month the estimated real Gross Domestic Product (GDP) growth rate amounted to 5.6 percent year-on-year (y/y).