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Tag Archives: Geostat

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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Export Price Index Decreased by 1.8%

The Export Price Index (XPI) decreased by 1.8 percent compared to the previous month. There was a 2.2 percent decrease in the prices for manufactured products. Compared to June 2017 the XPI increased by 9.6 percent. In the mentioned period prices increased for manufactured products by 8.6 percent and for …

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Exports and Imports Dynamics of Georgia by Months

In January-June 2018 the external trade turnover of Georgia with the EU countries amounted to USD 1 644.5 million, grew by 25.2 percent compared to the corresponding indicator of the previous year. Exports amounted to USD 367.8 million (21.5 percent higher), while imports amounted to USD 1 276.7 million (26.3 …

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Georgian Economy Saw 7.5% Growth in May

According to preliminary estimations by Geostat, national statistics service of Georgia, in May 2018 Georgian economy grew by 7.5% and this is one of the highest figures under the ruling of Georgian Dream. According to Geostat, in January-May the economic growth constituted 6.1%, up 1.6% compared to the government’s forecast …

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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


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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