Georgia’s economy grows 3.5% in January 2019
The International Monetary Fund (IMF) forecasts Georgian economy to grow by 4.6% in 2019. Photo: Nino Alavidze/Agenda.ge.
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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 January 2019 equaled 3.5% year-on-year (y/y).
Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities:
- Trade
- Hotels and restaurants
- Financial intermediation
- Real estate, renting and business activities
A decrease was registered in manufacturing and construction.
Various international financial institutions also have positive expectations for Georgia’s economic growth.
The International Monetary Fund (IMF) forecasts Georgian economy to grow by 4.6% in 2019.
The World Bank predicts Georgia’s economic growth to hit 5%.
Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat).
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.
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%).
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.