GDP increased 2.6% in Jan-Nov 2013

The estimated real GDP growth reached 2.6% for the first eleven months of 2013 year to year, according to the preliminary data of Geostat, the state statistics office of Georgia.

The estimated real GDP growth rate amounted to 7.8% y/y in November 2013.

The government, which initially was forecasting a 6% growth for 2013, set the GDP growth forecast for 2014 at 5%.

The GDP Annual Growth Rate in Georgia averaged 4.19% from 2006 until 2013, reaching an all-time high of 12.30% in the fourth quarter of 2007 and a record low of -9% in the second quarter of 2009.