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Q3’19 GDP Growth 5.7% – Preliminary Data

Georgia’s economy grew by 5.7% in the third quarter of 2019, higher than a growth rate of 4% growth recorded a year earlier, according to preliminary data released by the National Statistics Office (Geostat) on October 31.

The country’s real Gross Domestic Product (GDP) grew by 5.2% year-on-year in September, after registering 6.1% and 5.8% y/y growth in July and August, respectively.

In September, gains in real growth, compared to the same period of the previous year, were recorded in the construction, transport, trade, manufacturing, hotels and restaurants.

A decrease was reported in the mining and quarrying sector and in other community, as well as social and personal service activities.

An average estimated real GDP growth equaled 5% for the first nine months of 2019.

The estimated annual growth of real GDP stood at 4.8% in 2018.

The government forecasts 4.5% economic growth in 2019.


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