Geostat: 2.9% GDP Growth in H1’16

Georgia’s real GDP growth stood at 2.9% year-on-year in the first six months of 2016, higher than 2.6% in the same period of last year, according to preliminary data released by the state statistics office on Friday.

Economy grew 2.9% y/y in June, making second quarter growth 3.1%, after 2.6% growth in the first quarter of 2016.

Georgian government’s forecast for 2016 economic growth stands at 3%.

Georgia’s economy expanded by 2.8% in 2015, the weakest growth since 2009. 

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