Georgian economy grows 4.8% in Jan-Aug 2018
The estimated real GDP growth rate in August 2018 equalled 2% year-on-year. Photo: N. Alavidze/Agenda.ge.
Tweet 
Share
Georgia’s economy grew 4.8 per cent year-on-year in the first eight months of 2018, announces the National Statistics Office of Georgia (Geostat).
The estimated real gross domestic product (GDP) growth rate in August 2018 equalled two per cent year-on-year, Geostat said.
Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities:
- Financial Intermediation
- Trade
- Transport
- Real estate activities
- Hotels and restaurants
Various international financial institutions also have positive expectations for Georgia’s economic growth.
In 2018, the World Bank predicts Georgia’s economic growth to hit 4.2 percent while the European Bank for Reconstruction and Development (EBRD) says Georgia’s economy will grow by 4.5 percent.
The Asian Development Bank (ADB) raised Georgia’s 2018 growth forecast to 4.9 per cent from the April estimate of 4.5 per cent reflecting strong growth in tourism and robust investment after an increase in business and investor confidence.
The International Monetary Fund (IMF) has moved its forecast up, saying the Georgian economy will grow by 5.5 percent in 2018.
Georgia’s economy grew 5.5 per cent in the second quarter (Q2) of 2018, while the gross domestic product (GDP) deflator increased by 4.8 per cent , says the National Statistics Office of Georgia (Geostat).
Georgia’s economy grew 4.6 percent in July 2018, while average estimated real gross domestic product (GDP) growth equalled 5.5 percent for the first seven months of 2018 year-on-year, says the National Statistics Office of Georgia (Geostat).
Georgia’s economy grew four percent in June 2018, while average estimated real gross domestic product (GDP) growth equalled six percent in the second quarter of 2018 and 5.7 percent in the first half of 2018 year-on-year, says the National Statistics Office of Georgia (Geostat).
The average estimated real gross domestic product (GDP) growth in Georgia equalled 6.1 percent for the first five months of 2018 year-on-year (y/y), says the National Statistics Office of Georgia (Geostat).
The Georgian economy grew 4% year-on-year in the third quarter of 2018 and 4.9% in the nine months of the current year, announces the National Statistics Office of Georgia (Geostat).
The Georgian economy grew 5.7% year-on-year in the first 10 months of 2018, announces the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in October 2018 was equal to 6.7% year-on-year, Geostat said.
The nominal gross domestic product (GDP) amounted to 10.58 billion GEL in the third quarter of 2018, announces the National Statistics Office of Georgia (Geostat).
The largest share of gross domestic product (GDP) of Georgia by region was held by the capital city of Tbilisi (50.1%), followed by the regions of Imereti (10%), Adjara (8.9%), Kvemo Kartli (8.2%) and Samegrelo-Zemo Svaneti (6.4%).
The Georgian economy grew 4.7% year-on-year in the first 11 months of 2018, announces the National Statistics Office of Georgia (Geostat).The estimated real GDP growth rate in November 2018 was equal to 2.2% year-on-year, Geostat said.