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Tag Archives: Geostat

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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Annual Inflation Declined to 6% in July

Annual Inflation Declined to 6% in July

The consumer basket has cheapened in Georgia. Geostat, national statistics service of Georgia, noted that deflation constituted 0.9%. The figure has made influence on consumer basket and the inflation dropped to 6%. The contraction marked 1.1% month on month. In the reporting period prices for food and non-alcoholic beverages decreased 2.6 percent …

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Averaged Monthly Salaries in Georgia due to Sectors

According to Geostat, national statistics service of Georgia, in the first quarter of 2017, averaged monthly salary of an employee marked 989 GEL, up 8.4% year on year. The highest salary was recorded in finance sector – 1908 GEL. Housing sector is second with 1598 GEL, transport and communications ranks …

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Industrial Products Producer Price Index Grows

In May producer price index for industrial products rose by 9.4% year on year, while the index has not changed month on month. In May 2017 prices rose by 0.6% for processing industry products, which was reflected by 0.51% in total indicator of the index. According to Geostat, national statistics …

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Whereabouts of Benefits from Georgia’s Economic Growth

Finance Sector Records Highest Pace of Growth, Agriculture is the Last. According to a preliminary report by Geostat, national statistics service of Georgia, in April 2017 real GDP growth pace made up 2.1%, while averaged real growth in the first quarter of 2017 totaled 5%. Averaged real growth in January …

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Social Surveys Detect more Unemployed than Official Statistics in Georgia

Over the past years unemployment remains a major challenge in Georgia. According to social surveys, unemployment problem has long surpassed such important issues as territorial integrity or a hike in prices. According to the 2015 official indicators, unemployment index in Georgia is 12%, however, social surveys show that more than …

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Population in Georgia Decreased with 0.1%

According to the data on the 1st of January,2017, population in Georgia ( population on the occupied land excluded) amounted to 3 718 200 people which is 0.1% less compared to last year. 57.2% of population lives in cities, whereas 42.8% of them live in villages. The population consists of …

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Georgian Economy Shows Higher than Expected Growth Just in Two Months

Geostat, National Statistics Service of Georgia, has published an early report of February 2017 economic growth. According to the report, year on year growth in Gross Domestic Product (GDP) marked 4.4%, while January-February averaged real growth made up 4.8%. It should be noted that in January GDP upturn marked 5.2%. …

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