Q1 2018: Georgia’s economy grows 5.2%
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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).
In March, he estimated real GDP growth, compared to the same period of the previous year, was registered in the following activities:
Other community, social and personal service activities
- Manufacturing
- Transport
- Real estate
- Trade
The government forecasts Georgia’s economy to grow by 4.5 percent in 2018.
Various international financial institutions also have positive expectations for Georgia’s economic growth.
In 2018, the World Bank predicts Georgia’s economic growth to hit 4.2 percent while the European Bank for Reconstruction and Development (EBRD) says Georgia’s economy will grow by 4.5 percent.
The Asian Development Bank (ADB) forecasts the Georgian economy will grow by 4.5 percent in 2018.
The International Monetary Fund (IMF) has moved its forecast up, saying the Georgian economy will grow by 4.5 percent in 2018 and 4.8 percent in 2019.
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).
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 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 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).
Georgia’s economy grew 5.5 percent in the first four months of 2018, show the latest data from 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.
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).
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).