Money in Georgia

Georgia Money | Economic News & Forecasts

Georgia - Money

Growth moderated to 4.5% annually in Q2, from Q1’s 4.9%, according to revised national accounts data. A marked downturn in the industrial sector chiefly drove the slowdown. Output in both the manufacturing, and mining and quarrying sub-sectors fell at a sharper pace in Q2, while construction activity continued to contract in the quarter, although at a milder pace than in Q1. That said, wholesale and retail trade activity picked up in Q2, cushioning the overall slowdown and pointing to strong consumer demand as well as an improving business environment. Turning to Q3, growth appears to have bounced back: Merchandise exports soared in July–August, while economic activity growth jumped to a nine-month high in July. That said, the ongoing political standoff with Russia will have limited Q3’s upturn.

Georgia - Money Data

2013  2014  2015  2016  2017  
Money (annual variation of M2 in %)33.2  9.1  -2.5  12.9  29.4  

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Georgia Money Chart

Georgia Money
Note: Money, annual variation of wide money in %.
Source: National Bank of Georgia.

Georgia Facts

Exchange Rate2.960.0 %Sep 04
Stock Market0.10.55 %Sep 04

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