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Georgia’s economy grows 4.7% in May 2019

Georgia’s economy grows 4.7% in May 2019

The estimated real gross domestic product (GDP) growth rate in May 2019 equalled 4.7%, while the estimated average real GDP growth for the first five months of 2019 equalled 4.9% year-on-year, says the National Statistics Office of Georgia (Geostat). Last month the estimated real growth, compared to the same period of the previous year, was […]

Georgia’s external trade at $4.95 billion in Jan-May 2019

Georgia’s external trade at $4.95 billion in Jan-May 2019

Georgia’s external trade amounted to $4.95 billion in January-May 2019, says the National Statistics Office of Georgia (Geostat). This was one per cent higher year-on-year. In the reporting period the value of Georgian exports increased by 14.2% to $1.46 billion, while the value of imports decreased by 3.6% to $3.49 billion with respect to 2018, […]

Number of tourists visiting Georgia increases 18% in May 2019

Number of tourists visiting Georgia increases 18% in May 2019

Georgia hosted 424,514 tourists (+18%) and 723,160 international travellers (+14.2) in May 2019, announces the Georgian National Tourism Administration (GNTA). The countries with the most significant increase were: Kirgizstan (+135.4%) Uzbekistan (+90.5%) Kazakhstan (+84.6%) China (+56.4%) Belarus (+45.8%) A positive trend was maintained by visitors from the European Union: The United Kingdom (+48.2%) Sweden (+31.2%) […]

Georgia’s economy grows 5.1% in April 2019

Georgia’s economy grows 5.1% in April 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 March 2019 equalled 5.1%, while the estimated average real GDP growth for the first four months of 2019 equalled 4.8% year-on-year. Last month the estimated real growth, compared […]

Georgia Gains $578 Million from Tourism in January-March 2019

Georgia Gains $578 Million from Tourism in January-March 2019

National Tourism Administration of Georgia published the statistics about the visits of tourists and the income from international travels. The data is based on the information provided by the Ministry of Internal Affairs of Georgia. In April 2019, 647,770 international visits took place in Georgia, which is more by 4.6% compared to the same period […]

Georgia’s economy grows 6% in March 2019

Georgia’s economy grows 6% in March 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 March 2019 equaled 6%, while the estimated average real GDP growth for the first quarter (Q1) of 2019 equaled 4.7% year-on-year. Last month the estimated real growth, compared […]

What were Georgia’s main exports and imports in Jan-March 2019?

What were Georgia’s main exports and imports in Jan-March 2019?

Copper ores and concentrates, motor cars and ferroalloys are Georgia’s top export items in January-March 2019, announces the National Statistics Office of Georgia (Geostat). More specifically, copper ores and concentrates reclaimed the first place in the list of top export items, equalling $135.6 million, or 16.4% of total exports. The re-export of motor cars totalled […]

DCFTA benefits: Georgia-EU trade turnover up 17.7% in 2018

DCFTA benefits: Georgia-EU trade turnover up 17.7% in 2018

Trade turnover between Georgia and EU increased by 17.7% in comparison to 2017 and reached $3.35 billion in 2018, much in part thanks to the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU. Exports grew by 11.5% and reached $730.3 million while imports grew by 19.5% and reached $2.62 billion, said Deputy […]

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 […]