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Tag Archives: Geostat

Memorandum of Cooperation Signed between Geostat and Business Ombudsman

A Memorandum of Cooperation was signed between National Statistics Office of Georgia and Business Ombudsman of Georgia. The bilateral document was signed by Mr. Gogita Todradze, Executive Director of Geostat and Mr. Irakli Lekvinadze, Business Ombudsman of Georgia and agreed on future cooperation. According to Mr. Gogita Todradze, Executive Director …

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External Merchandise Trade of Georgia Rose by 24.5%

External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 5 985.9 million in January-June 2018 (preliminary data), 24.5 percent higher year-on-year. The value of export increased by 28.8 percent reaching USD 1 593.6 million, while the import grew by 23.0 percent and amounted to USD 4 392.3 million. …

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Geostat Reviews Inflation Rate in Georgia by June 2018

Banking, bank

In June 2018 the monthly inflation rate amounted to -0.6 percent, shares Geostat. Compared to the same month of the previous year the Consumer Price Index change (annual inflation rate) posted a 2.2 percent increase. The monthly inflation rate was mainly influenced by price changes for the following groups: Food …

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Geostat Shares Rapid Estimates of Economic Growth

Geostat Publishes 2016 GDP Growth Final Indicators

The estimated real Gross Domestic Product (GDP) growth rate in May 2018 amounted to 7.5 percent y-o-y. An average estimated real GDP growth equaled 6.1 percent for the first five months of 2018 y-o-y. In May 2018 the estimated real growth, compared to the same period of the previous year, …

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Geostat: Men more Frequently Own Assets than Women

According to the research on Ownership of Assets in terms of Gender, men own assets more frequently than women. Ratio of owners of residential spaces is the highest one among all assets. Gender inequality is evident in documented ownership of residential spaces (about 13%), compared to announced ownership of residencies …

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Gross Domestic Product of Georgia I quarter, 2018

GDP Geo

In Q1 2018 the real growth rate of Gross Domestic Product (GDP) amounted to 5.3 percent year-on-year, while the GDP deflator increased by 4.3 percent. The nominal GDP totaled GEL 9 150.2 million. Real growth was registered in the following activities: Real Estate, Renting and Business activities (13.4 percent), Other …

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Downturn in FDI – A Warning to Investors?

According to preliminary indicators by Geostat, the national statistics service of Georgia, foreign direct investments (FDI) in the first quarter of 2018 were 279.3 million USD, down 32.9% compared to preliminary indicators from the first quarter of 2017. According to Geostat, the downturn emerged after several enterprises changed ownership to …

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Georgia’s Visitor Spending Increased This Year

Expenditure has increased for visitors- shows Geostat research. According to year’s first quarter data, visitors’ expenses exceeded 120 million GEL, when it was 112 million GEL in the corresponding period last year. During the reporting period, average expenditure has been increased by 7.5 GEL and amounts 122,3 GEL. The biggest …

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Foreign Trade Turnover Rises by 24.5%

In January-May 2018 Georgia’s foreign trade turnover (excluding undeclared trade) made up 4 894.8 million USD, up 24.5% compared to the same period of 2017. According to Geostat, national statistics service of Georgia, exports constituted 1 284.7 million USD, up 28% and imports constituted 3 610.1 million USD, up 23.3%. …

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Foreign Direct Investments are Down by 32.9 Percent

Foreign direct investments (FDI) in Georgia amounted to USD 279.3 million in Q1 2018 (preliminary data) down 32.9 percent from the preliminary data of Q1 2017. The main reasons for decreasing the FDI are transferring of ownership in some companies from non-resident to a resident units and reduction of debt …

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