Georgia’s GDP grew 5.6% in March, flash estimate shows

Georgia’s GDP grew 5.6% in March, flash estimate shows
By bne IntelliNews May 1, 2018

Georgia’s GDP expanded by 5.6% y/y in March, according to an estimate from the state statistics office, Geostat. 

Preliminary data shows GDP accelerated through the first quarter of this year, rising from 4.4% in January and 5.5% in February, to average at 5.2% y/y for the quarter. 

The expansion in March was driven by a rise in activity in manufacturing, transport, real estate and trade, and “other community, social and personal service activities”. 

Geostat’s monthly rapid estimations of real GDP growth rate are based on administrative data on VAT taxpayers’ turnover, and fiscal and monetary statistics. 

The statistics office also released preliminary data on Georgia’s external trade, showing that exports were up 28.4% to $740.3mn, while imports rose 21.6% to $2.0834bn. 

 

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