May GDP Growth 2.1% – Preliminary Data

Georgia’s annual real GDP grew 2.1% in May, after 4.3% growth in April, according to preliminary data released by the state statistics office, Geostat, on Thursday.

Annual economic growth was 2.9% in the first five months of this year, higher than 2.5% in the same period of last year.

Government’s forecast for 2016 economic growth stands at 3%.

Georgia’s economy expanded by 2.8% in 2015, the weakest growth since 2009.