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Tag Archives: Geostat

Azerbaijan Stops to Be among Georgia’s Ten Top Export Markets

market azerbaijan

In 2016 the list of Georgia’s major exports markets has radically changed. According to Geostat, the national statistics service of Georgia, in January China has become Georgia’s major exports market. Namely, Georgia’s exports to China have increased 2.6 times to 14.4 million USD, while the figure previously constituted only 11.8% …

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World Bank Experts Visiting National Statistics Office

World Bank Experts Visiting National Statistics Office

On February 17, the World Bank‘s Experts Nishtha Sinha and Cesar Cancho presented to National Statistics Office of Georgia (GeoStat) the methodology of calculating absolute poverty. The representatives of various state agencies were attending this meeting. The main purpose of visiting GeoStat was to propose the method of absolute poverty calculation. Accordingly, …

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Cost of Living Grew in Georgia

cost of living

 In January 2016 the cost of living grew by 1.8 GEL compared to December 2015 and constituted 164.2 GEL. According to GeoStat, the national statistics service of Georgia, the cost of living has increased by 4 GEL year on year. Namely, the сost of living was 160.2 GEL in January …

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Georgia’s Economy Increased by 2,8%

economy

According to preliminary estimation, Georgian economy was increased by 2,8% in 2015. According to Goestat, growth pace of GDP was sharply declined in December and the rate merely amounted to 0,3%. The increase had been 2,9% in Q4. It should be noted, that economy was grown by 3,3% in Q1,2015, Q2 …

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Russia is Returned in the top-3 of Georgia’s Largest Trade Partners

As of January-November, 2015, the share of 10 largest trade partners has amounted to 64% in Georgia’s total foreign trade turnover. According to Geostat, Turkey remains as the biggest trade partner of Georgia, the volume of trade turnover amounts to 1,380 million USD. Then comes Azerbaijan – 725 million USD. …

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The Number of Employed in Business Sector is Increased by 9.3%

The number of employed in business sector is increased considerably by 9.3 percent in Georgia. According to  Geosta, as of official declared data, total turnover of enterprises has amounted to 13.9 billion GEL in Q3, 2015, while product throughput – 7.1 billion GEL. These indexes have been respectively 12,075 billion …

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Inflation in Georgia Reaches 4-year Low

Rate of inflation in Georgia has intensified. According to the data by Geostat In November 2015 the annual inflation rate in Georgia equaled 6.3 percent, which is 4-year maximum. According to Geostat, in November inflation rate equaled to 0/3% compared to previous year. The annual inflation rate was mainly influenced by …

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Georgia Sees Modest Economic Growth

economy

Economic indicators show a growth of 2.3 percent in the Georgian economy in August of 2015 compared to August of last year. From January to August 2015, the economy grew by 2.8 percent. The central government’s budget, however, dropped significantly in August from the previous month’s totals. In August 2015, …

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Foreign Direct Investments up 81% in Q2

FDI

According to preliminary data of National Statistics office of Georgia Foreign direct investments  in Georgia amounted to USD 355 million in Q2 2015 up 81 percent from the adjusted data of Q2 2014. The total sum of inflow to Georgia during the second quarter of 2015 amounted to $530 million while …

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Georgia’s Monthly Inflation Rate Grows by 1%

The country’s inflation rate is increasing following price changes of several major commodities in the consumer basket. Today Georgia’s National Statistics Office, Geostat, released latest information about the country’s monthly and annual inflation; the August 2015 monthly inflation rate reached one percent while the annual inflation rate equalled 5.4 percent. …

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Geostat: 2014 FDI USD 1.75 bln

Foreign direct investment in 2014 increased 86.6% year-on-year to USD 1.75 billion, the biggest inflow since 2007, according to final figures released by the state statistics office, Geostat, on Monday. The final data have been revised significantly upwards from Geostat’s preliminary 2014 FDI figures, released in March, which stood at …

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Georgia’s Exports Reach $1,269m in 7 Months

The first seven months of the year has seen the value of Georgia’s exports and imports (External Merchandise Trade) experience a slight downward trend year-on-year (y/y), claims the National Statistics Office of Georgia (Geostat). From January-July 2015, Georgia’s External Merchandise Trade (excluding non-organised trade) amounted to $5,573 million USD, stated …

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