Jan-May 2018: Georgia’s economy grows 6.1%
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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).
The estimated real GDP growth rate in May 2018 amounted to 7.5percent y/y.
Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities:
- Transport
- Manufacturing
- Trade
- Financial intermediation
- Hotels and Restaurants
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.
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.
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).
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).
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).
The parliament of Georgia approved a law on an accumulative pension system yesterday, which is part of a larger pension reform initiated by the Georgian government. The government plans to launch a supplementary programme alongside the currently existing universal basic pension which amounts to 180 Gel.
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).
Georgia’s economy grew 4.6 percent in July 2018, while average estimated real gross domestic product (GDP) growth equalled 5.5 percent for the first seven months of 2018 year-on-year, says the National Statistics Office of Georgia (Geostat).
The real growth rate of the gross domestic product of Georgia amounted to 5.5 per cent in the second quarter (Q2) of 2018 year-on-year, says the National Statistics Office of Georgia (Geostat).
Georgia’s economy grew 5.5 per cent in the second quarter (Q2) of 2018, while the gross domestic product (GDP) deflator increased by 4.8 per cent , says the National Statistics Office of Georgia (Geostat).
Georgia’s economy grew 4.8 per cent year-on-year in the first eight months of 2018, announces the National Statistics Office of Georgia (Geostat).