Georgia's GDP Growth at 4.9% in January-February

Georgia’s economy saw a 4.9% increase in January-February 2018 compared to the same period last year.

The latest data from the National Statistics Office of Georgia (Geostat) reads that the estimated real Gross Domestic Product (GDP) growth rate in February 2018 amounted to 5.5%, while in January 2018, a 4.4% growth was observed.

In February, the estimated real GDP growth, compared to the same period of 2016, was registered in the following activities: Manufacturing, Other community, Social and personal service activities, Real estate and Trade.

Last year’s GDP increased by 11.8% compared to the 2016 figures, reaching a total of 38 billion GEL.

The real growth over two years has been an astonishing 5%, adding to the 6.5% growth through deflation of the GEL, Geostat announced .

By Thea Morrison