Georgian economy grows 5.5% in Q2 of 2018
The real GDP growth amounted to 5.4 per cent for the first half of 2018. Photo: N. Alavidze/Agenda.ge.
Tweet 
Share
Georgia’s economy grew 5.5 per cent in the second quarter (Q2) of 2018, while the gross domestic product (GDP) deflator increased by 4.8 per cent , says the National Statistics Office of Georgia (Geostat).
In the reporting period, the nominal GDP totalled 10.16 billion GEL.
The real GDP growth amounted to 5.4 per cent for the first half of 2018, says Geostat.
Real growth was registered in the following activities:
- Financial intermediation (22.0 per cent )
- Other community, social and personal service activities (17.9 per cent)
- Real estate, renting and business activities (13.8 per cent )
- Wholesale and retail trade (10.5 per cent )
- Manufacturing (8.5 per cent )
- Mining and quarrying (8.1 per cent )
- Transport (8.0 per cent )
- Education (4.8 per cent )
- Hotels and restaurants (4.5 per cent )
A decrease in the real value-added occurred in:
- Construction (-7.1 per cent )
- Agriculture, hunting and forestry; fishing (-3.3 per cent )
- The largest shares of GDP by activity were held by:
- Industry (17.1 per cent )
- Trade services (17 per cent )
- Transport and communication (9.9 per cent )
- Agriculture, hunting and forestry; fishing (8.5 per cent )
- Construction (8.3 per cent )
- Public administration (7.9 per cent )
- Real estate, renting and business activities (6.7 per cent )
- Health and social work (5.9 per cent )
Georgia’s economy grew 4.6 percent in July 2018, while average estimated real gross domestic product (GDP) growth equalled 5.5 percent for the first seven months of 2018 year-on-year, says the National Statistics Office of Georgia (Geostat).
Georgia’s economy grew four percent in June 2018, while average estimated real gross domestic product (GDP) growth equalled six percent in the second quarter of 2018 and 5.7 percent in the first half of 2018 year-on-year, says the National Statistics Office of Georgia (Geostat).
The average estimated real gross domestic product (GDP) growth in Georgia equalled 6.1 percent for the first five months of 2018 year-on-year (y/y), says the National Statistics Office of Georgia (Geostat).
In the first quarter (Q1) of 2018 the real growth rate of gross domestic product (GDP) amounts to 5.3 percent year-on-year (y/y) in Georgia, says the National Statistics Office of Georgia (Geostat). In the reporting period the GDP deflator increased by 4.3 percent and the nominal GDP totalled 9.15 billion GEL.
Georgia’s economy grew 4.8 per cent year-on-year in the first eight months of 2018, announces the National Statistics Office of Georgia (Geostat).
The Georgian economy grew 4% year-on-year in the third quarter of 2018 and 4.9% in the nine months of the current year, announces the National Statistics Office of Georgia (Geostat).
The Georgian economy grew 5.7% year-on-year in the first 10 months of 2018, announces the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in October 2018 was equal to 6.7% year-on-year, Geostat said.
The nominal gross domestic product (GDP) amounted to 10.58 billion GEL in the third quarter of 2018, announces the National Statistics Office of Georgia (Geostat).
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%).