GDP of Georgia increased in April by a record 6.5%

The economy of Georgia grew by 6.5% in April, which is the highest growth rate in recent years, both in the monthly and quarterly sections, Prime Minister Giorgi Kvirikashvili said at a government meeting. According to statistics, Georgia's GDP for the period from January to April grew by 5.5% mainly due to the rise in the private sector. The Georgian Prime Minister noted that the turnover of production in the private sector in the first quarter increased by 18.6% year-on-year to 18 billion lari, which also contributed to the growth of new jobs by 5.3%. Since the beginning of the year, the average monthly salary in the business sector has increased by 8% to 1 thousand 100 lari. The Government of Georgia expects GDP growth by 4.5% in 2018.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: