Georgia Economic Outlook
November 28, 2017The economy grew 4.4% year-on-year in the third quarter, a slight moderation from the second quarter (+4.7% yoy), but nevertheless a robust figure. Growth accelerated from August to September in annual terms, led by expansions in the tourism, manufacturing, trade and construction sectors. In Q3, exports surged by around a fourth in annual terms, on the back of solid demand from the EU and soaring overseas orders from CIS countries. The positive trend in exports continued in October: Exports increased almost 40% in annual terms, strongly outpacing imports and leading the trade deficit for the January-to-October period to narrow compared to the same period in 2016.
Georgia Economic GrowthGrowth will likely be robust next year, as improved economic conditions in Georgia’s main trading partners boost the external sector, strong inflows of FDI support investment, and private consumption benefits from weaker inflation. FocusEconomics Consensus Forecast panelists project that GDP will grow 4.3% in 2018, which is 0.1 percentage points up from last month’s forecast, and 4.4% in 2019.
Georgia Economy Data
5 years of Georgia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||2.70||0.0 %||Dec 06|
|Stock Market||0.5||0.55 %||Dec 06|
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