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Georgia’s economy grows 4.6% in February 2019

Georgia’s economy grows 4.6% in February 2019

Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in February 2019 equalled 4.6%, while in January-February it was 4.1% year-on-year (y/y). Last month the estimated real growth, compared to the same period of the previous year, was […]

January-February 2019: Georgia’s external trade with EU up 6.3%, with CIS up 2.8%

January-February 2019: Georgia’s external trade with EU up 6.3%, with CIS up 2.8%

Georgia is increasing its role as an important trade partner the Commonwealth of Independent States (CIS), while trade turnover with the European Union decreased this year. In January-February 2019, trade turnover with EU countries decreased by 6.3% (amounted to $422.4 million) and with CIS countries by 2.8% year-on-year (y/y) (amounted to $627.7 million), show the […]

Georgia’s external trade up 3.6% in Jan-Feb 2019

Georgia’s external trade up 3.6% in Jan-Feb 2019

Georgia’s external trade grew by 3.6% in January-February 2019, reaching $1.73 billion, says the National Statistics Office of Georgia (Geostat). In the reporting period the value of Georgian exports increased by 13.2% to $505 million, while the value of imports also increased 0.1% to $1.23 billion with respect to January-February 2018, said Geostat. Last year […]

Passenger traffic up by 25% at Georgian airports in Jan-Feb 2019

Passenger traffic up by 25% at Georgian airports in Jan-Feb 2019

Georgia’s three international airports served 625,236 passengers in January-February 2019, which is a 25% increase in comparison to last year, says the United Airports of Georgia. The number of passengers who took regular or charter flights in Georgia increased in all three main airports of the country: Tbilisi Shota Rustaveli International Airport, Batumi Aleksandre Kartveli […]

World Bank projects 4.6% economic growth in Georgia in 2019

World Bank projects 4.6% economic growth in Georgia in 2019

The World Bank forecasts 4.6% economic growth in Georgia in 2019, 4.8% in 2020 and 5% in 2021, shows the Europe and Central Asia Economic Update of the World Bank. As for Georgia’s neighbouring countries, Armenia will experience 4.2% economic growth, Azerbaijan – 3.3% growth, Russia – 1.4% growth and Turkey – 1% growth. Another […]