GDP in Georgia
Georgia - GDPThe economy is expected to have suffered a marked slowdown in the fourth quarter of last year, according to a flash estimate from the National Statistics Office. GDP is estimated to have grown at its slowest pace since Q4 2009, bringing the estimated growth rate for 2016 down to 2.2% from 2.9% in 2015. Despite the country’s economic struggles, it took one more step towards closer European Union integration in early February when the European Parliament voted to grant Georgian tourists visa-free access to the Schengen area starting this spring. The move comes almost two years after Georgia and the EU signed an association agreement.
Georgia - GDP Data
|Economic Growth (GDP, annual variation in %)||7.2||6.4||3.4||4.6||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Georgia GDP Chart
Source: Statistics Georgia.
|Exchange Rate||2.64||0.38 %||Feb 16|
|Stock Market||1.5||-1.80 %||Feb 16|
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