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Reinvestments Ratio in FDI is 50% in Georgia

According to the preliminary report by Geostat, the national statistics service of Georgia, in January-September 2018, reinvestments in Georgia made up 504 million USD and the reinvestments ratio in total investments amounted to 50%. Reinvestments volume is growing at special paces over the past 2 years. In 2015 it was …

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Service Tariffs in Health Sector Rise by 6.1%, Transport Sector – 6.5%

Geostat, national statistics service of Georgia has published the 2018 October inflation report. The consumer basket value has risen by 2.35 year on year, while, due to specific sectors, major upturn was recorded in health and transport sectors. Health sector: prices rose by 6.1% with 0.51% contribution to total growth …

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Exports Increased by 17.1% Y/Y in September

In September 2018, exports increased by 17.1% y/y to US$ 301.7mn, imports were up 3.3% y/y to US$ 711.4mn and the trade deficit was down 4.9% y/y to US$ 409.7mn, according to GeoStat. In September 2018, copper (+63.9% y/y), ferro-alloys (+52.5% y/y), cars (+36.8% y/y), cigarettes (+213.3% y/y) and wine …

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Number of Hotels in Georgia -Statistics

According to declared indicators, a total of 1496 economic entities provided hotel services in 2017, which owned 1595 hotels and hotel-style facilities. According to Geostat, national statistics service of Georgia, a total of 66 900 hotel beds were registered in Georgia in 30 700 suites, including luxury apartments (9.9%), one-bed suite – …

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Geostat: Unemployment Level Declines by 1.9%

In the second quarter of 2018 the unemployment level in Georgia declined by 1.9% compared to the first quarter of 2018 and constituted 12.1%. According to Geostat, national statistics service of Georgia, this declination is related to seasonal factors. In the second quarter of 2018, the ratio of economic active …

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Foreign Direct Investments in Georgia in 2017

Foreign direct investments (FDI) in Georgia amounted to USD 1888.8 million in 2017 (adjusted data) up 20.6 percent from the same data of 2016 and up 1.4 percent from the preliminary data of 2017. Geostat adjusted the volume of FDI in Georgia for 2013-2016 as well. Consequently, the chart below …

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Early Report: January-July Saw 24.4% Upturn in Foreign Trade Turnover

economy

According to early report by Geostat, national statistics service of Georgia, in January-July 2018 foreign trade turnover (excluding non-declared trading) made up 7 051.5 million USD, up 24.4% compared to the same period of 2017. Including, exports constituted 1.870 billion USD, up 28.7% and imports marked 5.181 billion USD, up …

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Rapid Estimates of Economic Growth in Georgia

The estimated real Gross Domestic Product (GDP) growth rate in June 2018 amounted to 4.0 percent y-o-y. An average estimated real GDP growth equaled 6.0 percent for the Q2 2018 and 5.7 percent for the first half of 2018 y-o-y. In June 2018 the estimated real growth, compared to the …

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Import Price Index Remains Unchanged

The Import Price Index (MPI) remained unchanged over the previous month, while compared to June 2017 the Index increased by 10.3 percent. Compared to June 2017 prices increased by 11.2 percent for manufactured products and by 3.6 percent for mining and quarrying. In terms of electrical energy, gas, steam and …

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Producer Price Index for Industrial Products in Georgia

In June 2018 the Producer Price Index (PPI) for Industrial Products decreased by 1.1 percent over May 2018 and increased by 6.8 percent compared to June 2017. Prices for manufactured products decreased by 1.3 percent compared to the previous month, resulting in a -1.03 percentage point contribution to the overall PPI …

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