GDP in Georgia
Georgia - GDPAfter accelerating substantially in the first quarter of the year, the Georgian economy hit a snag at the start of Q2. According to the Statistical Institute’s monthly GDP estimate, GDP growth came in at 2.1% in April, far below Q1’s 5.0% growth. The external sector seems to be the main culprit behind the slowdown: both remittances and export growth dropped off substantially in April. Meanwhile, the Central Bank announced it would quadruple the minimum capital requirements banks must hold in an attempt to strengthen the country’s banking system. The move was supported by the International Monetary Fund.
Georgia - GDP Data
|Economic Growth (GDP, annual variation in %)||7.2||6.4||3.4||4.6||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Georgia GDP Chart
Source: Statistics Georgia.
|Exchange Rate||2.41||0.04 %||Jun 16|
|Stock Market||0.1||2.67 %||Jun 16|
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