Georgia’s economy grows 3.5% in January 2019

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%.