November 2018: Georgian economy grows 2.2%
In the first 11 months of 2018 Georgian economy grew 4.7% year-on-year, said Geostat. Photo: N. Alavidze/Agenda.ge.
Tweet 
Share
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 gross domestic product (GDP) growth rate in November 2018 was equal to 2.2% 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:
- Trade
- Financial intermediation and real estate
- Renting and business activities
A decrease was registered in construction, said Geostat.
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.
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 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 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).
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).
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).
Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat).
What does last year look like in numbers?
The director of the National Statistics Office of Georgia (Geostat) Gogita Todradze summirised 2018 and highlighted Georgia’s main statistical data from the past year earlier today.