Georgia’s economy grows 4.4% in January 2018

The estimated real GDP growth rate in January 2018 amounted to 4.4 percent y/y. Photo by N. Alavidze/, 28 Feb 2018 - 11:20, Tbilisi,Georgia

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).

In January 2018 the estimated real Gross Domestic Product (GDP) growth, compared to the same period of the previous year, was registered in the following activities:

  • Manufacturing
  • Other community, social and personal service activities
  • Construction
  • Trade
  • Hotels and restaurants

On the other hand a decrease occurred in:

  • Other business activities
  • Transport
  • Electricity, gas and water supply
  • Communication

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

The World Bank predicts Georgia’s economic growth will hit 4.2 percent in 2018.

The European Bank for Reconstruction and Development (EBRD) said that Georgia’s economy will grow by 4.5 percent in 2018.

The Asian Development Bank (ADB) forecast the Georgian economy will grow by 4.5 percent in 2018.