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Tag Archives: Geostat

External Trade of Georgia increased by 23.3%

According to the National Statistics Office of Georgia in January-March 2018 external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 2 823.8 million, 23.3 percent higher year-on-year. The exports equalled USD 740.3 million (28.4 percent higher), while the imports stood at USD 2 083.4 million (21.6 percent higher). …

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The Current Cost of Living Index is Deceptive

Cost of Living

The cost of living index is one of the key parameters reflecting the social-economic development of a country. Research and analysis of the cost of living is relevant for both developing and developed economies. According to Geostat, the national statistics service of Georgia, the cost of living for an able-bodied …

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Georgia Loses Leading Positions in terms of Economic Growth

In 2018 Armenia’s GDP Growth is Twice Faster compared to Georgia. Over the past 3-4 years, especially in 2017, government officials frequently reiterate that, despite low economic growth indicators, the country is a regional leader anyway. Regretfully, the reality is different. According to preliminary estimations by Geostat, national statistics service …

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Lowest and Highest-paid Fields in Georgia

According to Geostat, national statistics service of Georgia, in the fourth quarter of 2017, the averaged monthly salary of employees made up 1141 GEL. As compared to the fourth quarter of 2016, the averaged salary has increased by 7%. The figure has increased by 6.7% as compared to the third …

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Georgia Attracted Historical Amount of Foreign Direct Investment in 2017

In 2017 the inflow of foreign direct investment to Georgia hit a historic maximum. According to Geostat, the national statistics service of Georgia, in 2017 FDI inflows constituted $1.861 billion, up 16.2% from the previous year ($259.1 million). Prior to publishing the 2017 indicators, Geostat reported that major FDI inflow …

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Meat Production Declines

According to preliminary report by Geostat, national statistics service of Georgia, by the end of the fourth quarter of 2017 number of cattle made up 900 400 ones, down 6.5% as compared to the same period of 2017. Total quantity of cows and buffaloes made up 462 800 ones, down …

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Number of Insolvent Citizens in Georgia Grows

insolvency

Quantity of insolvent citizens rapidly grows in Georgia. The tendency has intensified in 2017. Over the past 10 months, the quantity of insolvent citizens rose by 23.5%. As of January 20, 2017 the Debtor Registry of National Enforcement Bureau registered 186 285 debtors, while currently the registry records 230 223 …

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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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