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Tag Archives: Geostat

Inflation Drops to 0.1 Percent in Georgia

Market in Georgia

In February 2016 the monthly inflation rate in Georgia amounted to 0.1 percent, Geostat reported. The following table shows percentage changes in prices for the commodity groups of the consumer basket as well as the relevant contributions to the overall inflation rate. In February 2016 prices increased for food, beverages, …

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Trade Sector’s Ratio in Crediting Portfolio Keeps Falling

The trade sector’s ratio in total crediting portfolio has declined again. According to Geostat, the national statistics service of Georgia, the sector’s ratio makes up 25% (29% as of 01.12.2014) and the crediting volume is 1.683 billion GEL. In November the ratio declined by 28% month on month. The industry …

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Georgian Milk Production Increased, Eggs and Meat Production Reduced

Georgian Milk Production Increased, Eggs and Meat Production Reduced

The volume of milk production has significantly increased during the year 2015, however, at the same time the production of meat and eggs led to a remarkable reduction. Based on the data provided by “GeoStat” in advance, in the fourth quarter of 2015, milk production comprised 125.1 million liter. Meaning …

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Export in the EU is Declined by 38%, While 46% in the CIS

EXPORT

January has turned out successful for the exporters in the EU, as well as in the CIS space. According to Geostat, foreign trade turnover with the EU has made up 137 million USD in January, 2016, which is less by 25% comparing to the same indexes of the previous year. …

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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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