Georgia’s economy grows 6% in March 2019
The estimated real gross domestic product (GDP) growth rate in March 2019 equalled 6%. Photo: Nino Alavidze/Agenda.ge.
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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:
- Trade
- Transport
- Other community, social and personal service activities
- Real estate, renting and business 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.
The World Bank forecasts 4.6% economic growth in Georgia in 2019, 4.8% in 2020 and 5% in 2021, shows the Europe and Central Asia Economic Update of the World Bank.
The Georgian economy will grow by 5% in 2019 and by 4.9% in 2020 with higher investment spending, says Asian Development Bank’s flagship economic publication. Inflation is projected to accelerate to 3.2% in 2019 before slowing to 3% in 2020.
Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat).
What does last year look like in numbers?
The director of the National Statistics Office of Georgia (Geostat) Gogita Todradze summirised 2018 and highlighted Georgia’s main statistical data from the past year earlier today.
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 5.1%, while the estimated average real GDP growth for the first four months of 2019 equalled 4.8% year-on-year.
The estimated real gross domestic product (GDP) growth rate in May 2019 equalled 4.7%, while the estimated average real GDP growth for the first five months of 2019 equalled 4.9% year-on-year, says the National Statistics Office of Georgia (Geostat).
The Georgian GDP has increased 5% in June 2019, show the latest data from the National Statistics Office of Georgia (Geostat). Geostat reports that GDP has grown 4.9% overall in January - June 2019. Geostat Director Gogita Todradze said the financial sector observed a decrease in June while all the other sectors experienced growth including transport, real estate, hotel and restaurants and construction.
The Georgian GDP has increased 6.1% in July 2019, show the latest data from the National Statistics Office of Georgia (Geostat).