Tag Archives: growth

Ministry of Economy and Sustainable Development of Georgia “Sakaeronavigatsia” served  6.8% more aircraft in the January-October period. In the airspace of Georgia in January – October 2018, 127 271 instrumental flight was performed. This figure is 8 118 and 6.8% more than the same period of 2017. The number of …

19,500 foreigners arrived in Georgia for medical purposes in the first 9 months of 2018, which is 30% more than in the same period of 2017. According to the head of the Tourism Association Nata Kvachantiradze, people arrive in Georgia for postoperative recovery and not only. “Medical tourism is one …

Electricity consumption growth rate was revised upwards by 3ppts for 2018. On August 27, 2018 Ministry of Economy and Sustainable Development updated the forecast of electricity (capacity) balance for 2018. Based on this document, forecast for electricity consumption in 2018 was revised upwards to 13.0TWh, which is 9.9% y/y increase …

The 2016 GDP in current prices constituted 34.028bln GEL, up 7.2% year on year. According to the final report of Geostat, national statistics office of Georgia, the real growth made up 2.8% year on year, while the deflator’s percentage changed by 4.2%. In the sectoral structure of GDP the trading …

Asian Development Bank (ADB) has upgraded economic growth outlook for Georgia. According to the new report, ADB forecasts 4.2% upturn in Georgian economy in 2017 and 4.5% upturn in 2018. The previous forecast was 3.8% and 4.5% respectively. Georgia is recorded in the Central Asia Group, where economy is expected …

According to the data of January-July 2017, 3,978,657 international travelers visited Georgia, which is 572,195 more than in the same period of the previous year (growth +16.8%). In January-July, the number of foreign travelers who exceeded 24 hours and more in Georgia was 1,829,331 , which is 423,816 more than …

Finance Sector Records Highest Pace of Growth, Agriculture is the Last. According to a preliminary report by Geostat, national statistics service of Georgia, in April 2017 real GDP growth pace made up 2.1%, while averaged real growth in the first quarter of 2017 totaled 5%. Averaged real growth in January …

Georgia’s economic growth pace sharply declined in April, as compared to March indicators. However, the January t April indicators are positive, anyway. According to early report by Geostat, national statistics service of Georgia, in April real GDP growth pace made up 2.1%. Averaged real upturn in the first quarter of …

Geostat, National Statistics Service of Georgia, has published an early report of February 2017 economic growth. According to the report, year on year growth in Gross Domestic Product (GDP) marked 4.4%, while January-February averaged real growth made up 4.8%. It should be noted that in January GDP upturn marked 5.2%. …

According to preliminary estimations, in January 2017 Georgia’s gross domestic product growth pace made up 5.2%. According to preliminary report by Geostat, national statistics service of Georgia, in the reporting period exports rose by 44.7% and imports increased by 15.4%. Foreign trade turnover increased by 22.1%. Turnover of VAT-payer enterprises …

At the end of the past year expected growth in taxes made partial influence on growth in consumer prices. In January 2017 the inflation upturn made up 2.9% compared to the previous month. The consumer price index is up 3.9% compared to the same month of previous years. The index …

The bank sector’s assets in June rose by 9% month on month and totaled 25.274 billion GEL in January-June 2016. The Georgian bank sector registers 19 commercial banks, including 17 ones with foreign capital co-participation and one – a branch of foreign commercial banks. Two leading commercial banks control 60% …