January GDP Growth 3.5% – Preliminary Data

Georgia’s real GDP grew by 3.5% year-on-year in January, according to preliminary data released by the National Statistics Office, Geostat, on February 28.

According to the report, in January, real growth was registered in the following sectors: trade, hotels and restaurants, financial intermediation and real estate, renting and business activities.

A decrease was reported in manufacturing and construction.

The estimated annual growth of real GDP stood at 4.8% in 2018.

The government forecasts 4.5% economic growth in 2019.

This post is also available in: ქართული (Georgian) Русский (Russian)