Jan 2020: Georgian economy grows 5.1%
Georgian external trade turnover increased to $882.5 million (5.7 per cent higher y/y) in January-2020. Photo: Nino Alavidze/Agenda.ge.
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In Georgia the estimated real gross domestic product (GDP) growth rate in January 2020 equalled 5.1 per cent year-on-year, announces the National Statistics Office of Georgia.
Last month estimated real growth compared to the same period of the previous year was posted in the following activities:
- Transport and storage
- Construction
- Real estate activities
- Accommodation and food service activities
- Wholesale and retail trade; repair of motor vehicles and motorcycles
- Information and communication
- Electricity, gas, steam and air conditioning supply
- Manufacturing
A decrease was registered in mining and quarrying.
Georgian external trade turnover increased to $882.5 million (5.7 per cent higher y/y) in January-2020.
Last month the value of exports increased 10 per cent and reached $262.6 million, while imports also increased four per cent and amounted to $619.8 million.
Geostat data show that 3,698 new enterprises were registered in January 2020, which is a 14.6 per cent increase compared to January 2019.
Georgian gross domestic product (GDP) grew 3.8 per cent in December 2019 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).
In November 2019 the estimated real growth compared to the same period of the previous year occurred in the following sectors: manufacturing, transport and storage, construction, wholesale and retail trade; repair of motor vehicles and motorcycles. A decrease was registered in real estate activities and in the arts, entertainment and recreation activities.
The real gross domestic product (GDP) growth rate in Georgia in the third quarter (Q3) of 2019 came out to 5.8 per cent year on year (y/y) shows the preliminary data from the National Statistics Office of Georgia (Geostat).
The Georgian gross domestic product (GDP) grew 5.7 per cent in October 2019 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).
The real growth of gross domestic product (GDP) in Georgia amounted to 5.1 per cent in 2019 and the deflator percentage change equalled 6.6 per cent year-on-year, show the preliminary data published by the National Statistics Office of Georgia.
Georgian gross domestic product (GDP) grew 2.2 per cent in February 2020 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).
The Georgian economy has shrunk 2.7 per cent in March 2020, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated average real gross domestic product (GDP) growth for January-March equalled 1.5 percent year-on-year.
Estimated real gross domestic product (GDP) declined by 16.6 per cent in April 2020 year-on-year (y/y) and by 3.6 per cent in the first four months of 2020 y/y, show the latest data from the National Statistics Office of Georgia (Geostat).
Georgian Prime Minister Giorgi Gakharia has urged people to wear face masks during public gatherings or in public transport as no single state can defeat the coronavirus.
Nominal gross domestic product (GDP) amounted to 11.06 billion GEL in the first quarter of 2020 in Georgia, while GDP grew by 2.2 per cent year-over-year and the GDP deflator increased by 6.1 per cent in the reporting period, show the latest data from the National Statistics Office of Georgia (Geostat).
Estimated real gross domestic product (GDP) declined by 13.5 per cent in May 2020 year-on-year and by 5.4 per cent in the first five months of 2020 year-on-year, show the latest data from the National Statistics Office of Georgia (Geostat).