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Number of Tourists Increased by 33% in March

In March, 578,514 international travelers visited Georgia, which is 67,472 more than the same period last year (a growth of +13.2%). The number of foreign visitors or travelers who traveled 24 or more hours in March equaled 292,017, which is 72,403 more than in March 2017 (a 33% increase). In …

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Georgia Received $159.3 Million Revenue From Tourism in January

In January, Georgia received $ 159.3 million in revenue from tourism. In January-February the number of tourists increased by 25% and the number of visitors increased by 17.2%. In February, the highest number (103,981) of visitors arrived in Azerbaijan. Armenia is in second place with 102,707 visitors, while Turkey has …

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Conundrum of Unemployment

Unemployment is the sharpest problem in Georgia. This is confirmed by various public polls done by local and international organizations. However, public discussions and media coverage do not fully reflect deepness of this problem. There is a lack of discussion  in Georgian society regarding the problem of unemployment due to …

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What to Expect from 2018 State Budget

Infrastructure, Education and Healthcare as Priorities of the 2018 State Budget. Total revenues of the 2018 state budget are planned at 12.4 billion GEL, including: tax revenues – 9.490 billion GEL (23.5% of GDP); the remaining part of revenues will be mobilized from other resources. This signifies 23 Tetri from …

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Real Estate on Balance of Ministry of Economy

There are 47 719 agriculture land plots on the balance of Ministry of Economy. Total space of these land plots constitutes 3 791 424 603 square meters, including the major part (16 389) is located in Kvemo Kartli, while the smallest part is registered in Racha-Lechkhumi and Kvemo Svaneti Region. …

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Year of Economic Recovery – Key Economic Events in 2017

Georgian economy

After 2-year low economic growth, in 2017 Georgia’s GDP growth pace exceeded the planned indicator. It should be noted that in 2015-2016, along with currency crisis, economic growth in our country was under 3%. To be precise, GDP upturn in 2015 marked 2.9%, while the figure hit 2.8% in 2016. …

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External Trade of Georgia Rises in Value

Economy Ministry Predicts Export Growth

In January-October 2017 external merchandise trade (excluding non-declared trade) in Georgia amounted to USD 8566.1 million, 12.7 percent higher year-on-year. The exports equaled USD 2203.1 million (29.4 percent higher), while the imports stood at USD 6363.0 million (7.8 percent higher). The negative trade balance was USD 4160.0 million in January-October …

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Georgia’s Economy Grows by 4.7% in January-September Period

According to Geostat, national statistics service of Georgia, in September 2017 real GDP growth pace constituted 5% in September 2017, 4.4% – in the 3rd quarter of 20167 and 4.7% – in January-September 2017. According to Geostat, in September 2017 economic growth was recorded in the following fields: electricity, gas …

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