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 March 2019 equalled 6%, while the estimated average real GDP growth for the first quarter (Q1) of 2019 equalled 4.7% year-on-year.
Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities:
A decrease was registered in construction.
Various international financial institutions also have positive expectations for Georgia’s economic growth.
The World Bank forecasts 4.6% economic growth in Georgia in 2019, 4.8% in 2020 and 5% in 2021.
The Asian Development Bank says that the Georgian economy will grow by 5% in 2019 and by 4.9% in 2020 with higher investment spending.