Georgian economy grows 5.8% in August 2019
Geostat reports that GDP has grown in January-August 2019 by 5 per cent year on year (y/y). Photo: Nino Alavidze/Agenda.ge.
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Georgian GDP has increased 5.8 per cent in August 2019 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).
Geostat reports that GDP has grown in January-August 2019 by 5 per cent year on year (y/y).
In August 2019 the estimated real growth compared to the same period of the previous year occurred in the following sectors: construction, transport, other community, social and personal service activities, trade, manufacturing, hotels and restaurants.
A decrease was registered in mining and quarrying and in utilities.
In January-August 2019, the value of exports increased by 12.4 per cent and reached $2.4 billion, while imports decreased 4.4 per cent and amounted to $5.7 billion, said Geostat.
Georgia’s external trade turnover increased to $8.13 billion (0.01%) in January-August 2019.
Geostat data show that 3,329 new enterprises were registered in August, which is a 24.1 per cent decrease compared to August 2018.
The World Bank forecasts 4.6% economic growth in Georgia in 2019, 4.8% in 2020 and 5% in 2021, shows the Europe and Central Asia Economic Update of the World Bank.
The real gross domestic product (GDP) growth rate in Georgia in the second quarter (Q2) of 2019 came out to 4.5 per cent year on year (y/y) announces the latest data from National Statistics Office of Georgia (Geostat).
The Georgian GDP has increased 5% in June 2019, show the latest data from the National Statistics Office of Georgia (Geostat). Geostat reports that GDP has grown 4.9% overall in January - June 2019. Geostat Director Gogita Todradze said the financial sector observed a decrease in June while all the other sectors experienced growth including transport, real estate, hotel and restaurants and construction.
The estimated real gross domestic product (GDP) growth rate in May 2019 equalled 4.7%, while the estimated average real GDP growth for the first five months of 2019 equalled 4.9% year-on-year, says the National Statistics Office of Georgia (Geostat).
The Georgian gross domestic product (GDP) has increased 5.2 per cent in September 2019 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).
The gross domestic product (GDP) of Georgia at current prices in 2018 came to $17.6 billion, show the adjusted results of the National Statistics Office of Georgia (Geostat) taken into account the methodological changes in National Accounts implemented recently.
The Georgian gross domestic product (GDP) grew 5.7 per cent in October 2019 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).
In November 2019 the estimated real growth compared to the same period of the previous year occurred in the following sectors: manufacturing, transport and storage, construction, wholesale and retail trade; repair of motor vehicles and motorcycles. A decrease was registered in real estate activities and in the arts, entertainment and recreation activities.