Georgia’s GDP growth accelerated to 7.5% y/y in May, according to a flash estimate from statistics office Geostat.
The figure was considerably higher than the average estimated real GDP growth of 6.1% in the first five months of 2018, as well as the 6.5% y/y growth in April.
Growth was estimated in transport, manufacturing, trade, financial intermediation, and hotels and restaurants, Geostat’s report said.
The statistics office also reported CPI inflation of 2.5% in May compared to May 2017, while the CPI remained flat in monthly terms.
Both imports and exports rose sharply compared to May 2017. Exports amounted to $1.3bn, up 28.0%, while imports during the month reached $3.6bn, a 23.4% increase.