NEWS

Georgia’s economy grows 4.8% in 10 months

IMF forecast inflation in Georgia will reach 2.6 percent this year and 3.6 percent next year. Photo by N. Alavidze/Agenda.ge.

Agenda.ge, 29 Dec 2017 - 11:29, Tbilisi,Georgia

Georgia’s economy is growing steadily, reaching 4.8 percent growth in the first 10 months of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).

Meanwhile, in November 2017, the estimated real Gross Domestic Product (GDP) growth rate amounted to 3.7 percent year-over-year (y/y).

Last month the estimated real GDP growth was registered in the following activities:

Hotels and restaurants
Real estate activities
Trade
Transport

On the other hand a decrease occurred in:

Construction
Manufacture of food products
Manufacture of basic metals

Various international financial institutions have positive expectations about Georgia’s economic growth.

The World Bank projects Georgia’s economic growth will hit 3.5 percent in 2017 and four percent in 2018.

The International Monetary Fund (IMF) expects four percent growth for Georgia’s economy in 2017.

Global rating agency Fitch Ratings forecasts 4.2 percent growth in 2017 for Georgia.

Georgia’s economy grows 4.4% in third quarter of 2017

19 Dec 2017

Georgia experienced 4.4 percent economic growth in the third quarter (Q3) of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).

10 months data: Georgia’s economy grows almost 5%

30 Nov 2017

Georgia experienced 4.9 percent economic growth in the first 10 months of 2017, show the latest data from the National Statistics Office of Georgia (Geostat). Meanwhile, the estimated real Gross Domestic Product (GDP) growth rate amounted to 5.7 percent year-on-year in October 2017.

January-August 2017: Georgia’s economy grows 4.7%

29 Sep 2017

Georgia experienced 4.7 percent economic growth in the first eight months of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).

Georgia’s economy grows 4.7% in Q2 2017

18 Sep 2017

Georgia experienced 4.7 percent economic growth in the second quarter of 2017, show the latest data from the National Statistics Office of Georgia (Geostat). In Q2 of 2017 the largest shares of GDP by activity are held by Industry and Trade services.

Preliminary data: Georgia’s economy grows 4.8% in 2017

30 Jan 2018

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 December 2017 and in the fourth quarter (Q4) of 2017 amounted to 4.7 percent year-over-year (y/y).

Georgia’s economy grows 4.4% in January 2018

28 Feb 2018

Georgia’s economy is growing steadily, reaching 4.4 percent growth in the first month of 2018, show the latest data from the National Statistics Office of Georgia (Geostat).

Georgia’s nominal GDP amounted to 38 billion GEL in 2017

21 Mar 2018

Georgia’s nominal Gross Domestic Product (GDP) in 2017 amounted to 38 billion GEL, up by 11.8 percent year-on-year (y/y), shows the preliminary data from the National Statistics Office of Georgia (Geostat).

Georgia’s economy grows almost 5% in Jan-Feb 2018

30 Mar 2018

Georgia’s economy grew 4.9 percent in the first two months of 2018, show the latest data from the National Statistics Office of Georgia (Geostat). Last month the estimated real Gross Domestic Product (GDP) growth rate amounted to 5.5 percent year-on-year (y/y).

Q1 2018: Georgia’s economy grows 5.2%

30 Apr 2018

Georgia’s economy grew 5.2 percent in the first quarter of 2018, show the latest data from the National Statistics Office of Georgia (Geostat). Last month the estimated real Gross Domestic Product (GDP) growth rate amounted to 5.6 percent year-on-year (y/y).