GDP in Georgia
Georgia - GDPThe Georgian economy continues on its path of robust growth, following a strong start to the year. More detailed GDP data published in September by the Statistical Institute revealed that GDP growth was stronger in Q2 than the flash estimate had suggested. The economy grew 4.7% annually in Q2, up from the 4.0% preliminary estimate but down from Q1’s 5.1% outturn. Growth was driven by a double-digit expansion in the construction sector as well as in the hotels and restaurant sector, thanks to the country’s booming tourism sector. As a result of the healthy economic momentum, Moody’s upgraded the country’s sovereign rating to Ba2 from Ba3 and maintained the outlook at stable.
Georgia - GDP Data
|Economic Growth (GDP, annual variation in %)||6.4||3.4||4.6||2.9||2.7|
5 years of economic forecasts for more than 30 economic indicators.
Georgia GDP Chart
Source: Statistics Georgia.
|Exchange Rate||2.49||0.0 %||Oct 19|
|Stock Market||0.5||0.55 %||Oct 19|
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