Georgia’s economy grows 4.6% in February 2019
The estimated real gross domestic product (GDP) growth rate in February 2019 equalled 4.6%, while in January-February it was 4.1% year-on-year (y/y). 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 February 2019 equalled 4.6%, while in January-February it was 4.1% 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:
- Manufacturing
- Trade
- Real estate, renting and business activities
A decrease was registered in 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%.