High-frequency estimates suggest a V-shaped recovery with output now poised to return close to 2019 levels already this year, much earlier than expected. Recently COVID-19 case numbers have risen shar...
Moody's Investors Service ("Moody's") has affirmed the Government of Georgia's Ba2 local and foreign currency long-term issuer ratings and foreign currency senior unsecured rating. The outlook remains...
Foreign direct investments (FDI) in Georgia amounted to USD 234.2 million in Q2 2021 (preliminary data), down 2.6 percent from the adjusted data of Q2 2020.
Reduction of the amount of equity, transfe...
On July 22, the Parliament of Georgia approved the amendments to the 2021 state budget. According to the changes GEL 1.1 billion (USD 354 million,) increased budget expenditures.
The basis for th...
In January-May 2021 the exports of Georgia (excluding non-declared exports) equaled USD 1 538.2 million, 24.4 percent higher year-on-year. Share of the domestic exports in total export constituted 73....
Estimated real Gross Domestic Product (GDP) growth rate in July 2021 equaled 9.9 percent YoY and 12.2 percent in January-July of 2021 YoY.
In July 2021 the estimated real growth compared to the same ...
IMF in Georgia - Staff Concluding Statement of the 2021 Article IV Mission:
The recovery has recently gained impressive momentum. Monthly estimates suggest a strong rebound in the second quarter of 2...
External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 5 019.4 million in January-May 2021, 18.2 percent higher year-on-year. The value of export increased by 24.4 percen...
Georgia's economic recovery has gained surprising momentum. Estimates from national statistics (GEOSTAT) show real GDP growth in the first six months of 2021 increased 12.7% year-on-year. Beyond the b...
In January-June 2021 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 6 209.7 million, 20.7 percent higher to the same period of 2020. The exports equaled USD 1...
Estimated real Gross Domestic Product (GDP) growth rate in April 2021 equaled 44.8 percent YoY and 8.1 percent in January-April of 2021 YoY.
In April 2021 the estimated real growth compared to th...
The estimated real Gross Domestic Product (GDP) growth rate in June 2021 equaled 18.7 percent YoY and 12.7 percent in January-June of 2021 YoY.
In June 2021 the estimated real growth compared to the ...
The estimated real Gross Domestic Product (GDP) growth rate in April 2021 equaled 44.8 percent YoY and 8.1 percent in January-April of 2021 YoY.
In May 2021 the estimated real growth compared to the ...
In 2020 the average monthly incomes (cash and non-cash inflows) of the population in Georgia amounted to 1 194.6 million GEL, which is 4.5 percent decrease compared to 2019.
According to the survey d...