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Tag Archives: Geostat

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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What is Happening in the Development Business of Georgia?

Investors Find Georgia’s Development sector Very Attractive Over the past period, scales of construction works are evidently growing in Georgia, especially in Tbilisi. Foreign investors find Georgian development market more and more attractive. Today, various development projects are being implemented in Tbilisi districts. Besides the central part of the capital …

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Demand for Georgian Products Grow on International Markets, Exports up 29.4%

Demand for Georgian Products Grow on International Markets, Exports up 29.4%

Georgia’s foreign trade turnover in January-October 2017 marked 8.566bln USD, up 12.7% year on year. According to Geostat, national statistics service of Georgia, exports in trade turnover made up 2.203bln USD, up 29.4% year on year, as compared to January-October 2007. Imports totaled 6.363bln USD, up 7.8%. Negative trade balance …

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Geostat Publishes 2016 GDP Growth Final Indicators

Geostat Publishes 2016 GDP Growth Final Indicators

The 2016 GDP in current prices constituted 34.028bln GEL, up 7.2% year on year. According to the final report of Geostat, national statistics office of Georgia, the real growth made up 2.8% year on year, while the deflator’s percentage changed by 4.2%. In the sectoral structure of GDP the trading …

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Foreign Trade Turnover Increases

Foreign trade turnover in Georgia in January-October amounted 8566.3 million US dollar (undeclared trade) which is 12.7 percent more than the same period of the previous year. According to GeoStat, export amounts – 2203.1 million USD (29.4% more), as for import – 6363.3 million USD (7.8% more) The negative trade …

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46 Construction of Hotels Completed in Georgia During Nine Months

According to GeoStat, In nine months of 2016, less 30 less permits were issued for the construction of hotels. As for the statistics of hotels completed in the reporting period, the construction of 46 hotels in January-September 2017 ended. Most of them are construction of 16 hotels in Adjara, followed by …

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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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List of Georgia’s TOP Investors

According to Geostat, national statistics service of Georgia, top 10 major investor companies are as follows: 1. Borjomi 2. Energo Pro Georgia 3. BP Group 4. TAV Urban Georgia 5. LLC Magticom 6. Old City Development 7. LLC Toyota Caucasus 8. JSC Meskheti 9. LLC System Insaat 10. Georgian Branch …

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Georgian Economy Recorded 3.8% Upturn in July

According to preliminary estimations by Geostat, national statistics service of Georgia, in July 2017, as compared to July 2016, Georgian economy grew by 3.8%, while the growth made up 2.9% in July 2016. In January-July 2017 economic growth constituted 4.4%. Government of Georgia forecasts 4% economic upturn in 2017.

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Annual Cost of Living Rises to 167 GEL

Annual cost of living of able-bodied males has risen. According to Geostat, national statistics service of Georgia, in July 2017 the cost of living totaled 167.2 GEL, up 11 GEL as compared to the 2016 indicators. The cost of living marked 156.6 GEL in July 2016. At the same time, …

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