Estimated real GDP growth rate exceeds 5.8% in Georgia
Baku, Azerbaijan, September 30
By Tamilla Mammadova – Trend:
The estimated real Gross Domestic Product (GDP) growth rate in August 2019 equaled 5.8 percent year-on-year in Georgia, Trend reports referring to Georgian National Statistics Office (Geostat).
An average estimated real GDP growth equaled 5 percent for the first eight months of 2019 year-on-year, the report said.
In August 2019, the estimated real growth compared to the same period of the previous year was observed in the following fields: construction; transport; other community, social and personal services; trade; manufacturing; hotels and restaurants.
A decrease was registered in mining and quarrying and in electricity, gas and water supply.
Consumer Price Index (CPI) in August 2019 reached 104.9 year-on-year, and 100.8 month-on-month. Meanwhile, Producer Price Index (PPI) for industrial products reached 111.1 year-on-year, and 102 month-on-month.
Exports of goods in January-August 2019 amounted to $2.41 billion, which is 12.4 percent more compared to the same period of 2018.
Imports of goods in mentioned period amounted to $5.71 billion, which is 4.4 percent less compared to the same period of 2018.
At the same time, external merchandise trade turnover in January-August 2019 reached $8.1 billion, which is 0.01 percent more than in January-August 2018.
(1 USD=2.95 GEL on September 30)