GDP in Georgia
Georgia - GDPThe Georgian economy accelerated at the start of the year, following a disappointing slowdown in 2016. GDP grew 5.2% annually in January, according to an estimate from the National Statistics Office. This marked an improvement from December’s 0.3% outturn and the fastest growth rate since November 2014. The overall state of the economy remains fragile, however, its recovery from the global financial crisis having been stymied by the prolonged slump in Russia. As a result, the Georgian government agreed in March on a USD 285 million loan with the IMF under its Extended Fund Facility, which is set to replace the now-lapsed Stand-By Agreement signed in July 2014. The program is expected to be approved by the IMF Board in April and will focus on structural reforms, infrastructure investment and financial sector regulation.
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.
Georgia GDP Chart
Source: Statistics Georgia.
|Exchange Rate||2.44||0.0 %||Mar 28|
|Stock Market||0.1||2.73 %||Mar 28|
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