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Tag Archives: Geostat

In February The Minimum living Wage Reduced

In February The Minimum living Wage Reduced

According to the minimum food basket, the men needed 163.2 GEL for existence in the month of February – Geostat stated. Although this indicator is less than the month of Janury by 1 GEL, but more than the indicator in 2015 by 3.2 GEL. Based on the calculations of Geostat, the average family minimum living …

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Georgia’s Exports Amounts to $281m in January-February 2016

Foreign Trade

Georgia’s foreign trade turnover in January-February 2016 declined by 2% compared to the same period of 2015 and totaled 1.413 billion USD. The exports in total trade turnover marked 281 million USD, the imports amounted to 1.133 billion USD. In the reporting period, the exports declined by 13% and the …

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Rating of Georgia’s Major Investor Countries in 2015 (Infographics)

tbilisi

Major foreign direct investments in Georgia were attracted from Azerbaijan in 2015. The ratio of Azerbaijan in Georgia’s total FDI inflows marked 40%, Geostat, the national statistics service of Georgia, reports. Azerbaijanი investors have put 542 million USD in Georgia in 2015, up 50% compared to 2014. The United Kingdom (UK) …

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Top 10 Companies Who Invest the Most in Georgia

Top 10 Companies Who Invest the Most in Georgia

Here are presented top 10 companies, that invest the most in Georgia, businesscontact revealed. According to preliminary data, the Foreign direct investments in Georgia in 2015 amounted to 1351 million US dollars, which is 6 percent more than it was in 2014 and 23 percent less than the accurate data of the same …

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Inflation Drops to 0.1 Percent in Georgia

Market in Georgia

In February 2016 the monthly inflation rate in Georgia amounted to 0.1 percent, Geostat reported. The following table shows percentage changes in prices for the commodity groups of the consumer basket as well as the relevant contributions to the overall inflation rate. In February 2016 prices increased for food, beverages, …

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Trade Sector’s Ratio in Crediting Portfolio Keeps Falling

The trade sector’s ratio in total crediting portfolio has declined again. According to Geostat, the national statistics service of Georgia, the sector’s ratio makes up 25% (29% as of 01.12.2014) and the crediting volume is 1.683 billion GEL. In November the ratio declined by 28% month on month. The industry …

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Georgian Milk Production Increased, Eggs and Meat Production Reduced

Georgian Milk Production Increased, Eggs and Meat Production Reduced

The volume of milk production has significantly increased during the year 2015, however, at the same time the production of meat and eggs led to a remarkable reduction. Based on the data provided by “GeoStat” in advance, in the fourth quarter of 2015, milk production comprised 125.1 million liter. Meaning …

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Export in the EU is Declined by 38%, While 46% in the CIS

EXPORT

January has turned out successful for the exporters in the EU, as well as in the CIS space. According to Geostat, foreign trade turnover with the EU has made up 137 million USD in January, 2016, which is less by 25% comparing to the same indexes of the previous year. …

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Azerbaijan Stops to Be among Georgia’s Ten Top Export Markets

market azerbaijan

In 2016 the list of Georgia’s major exports markets has radically changed. According to Geostat, the national statistics service of Georgia, in January China has become Georgia’s major exports market. Namely, Georgia’s exports to China have increased 2.6 times to 14.4 million USD, while the figure previously constituted only 11.8% …

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World Bank Experts Visiting National Statistics Office

World Bank Experts Visiting National Statistics Office

On February 17, the World Bank‘s Experts Nishtha Sinha and Cesar Cancho presented to National Statistics Office of Georgia (GeoStat) the methodology of calculating absolute poverty. The representatives of various state agencies were attending this meeting. The main purpose of visiting GeoStat was to propose the method of absolute poverty calculation. Accordingly, …

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Cost of Living Grew in Georgia

cost of living

 In January 2016 the cost of living grew by 1.8 GEL compared to December 2015 and constituted 164.2 GEL. According to GeoStat, the national statistics service of Georgia, the cost of living has increased by 4 GEL year on year. Namely, the сost of living was 160.2 GEL in January …

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Georgia’s Economy Increased by 2,8%

economy

According to preliminary estimation, Georgian economy was increased by 2,8% in 2015. According to Goestat, growth pace of GDP was sharply declined in December and the rate merely amounted to 0,3%. The increase had been 2,9% in Q4. It should be noted, that economy was grown by 3,3% in Q1,2015, Q2 …

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