Georgian economy

Georgia enjoying economic boom

Georgia enjoying economic boom

Georgia is on course to become one of the world’s fastest-growing economies this year following a dramatic influx of more than 100,000 Russians. "As much of the globe teeters towards recession, this country of 3.7 million …

Georgia ranked 13th for investor interest among 100 states

Georgia ranked 13th for investor interest among 100 states

Georgia has been ranked 13th among the United States, Great Britain, China and the world’s major economies in Bloomberg Media’s recent ranking for investor interest, Georgian economy minister Levan Davitashvili said. …

Georgia to present 2030 development strategy

Georgia to present 2030 development strategy

The Georgian Government will officially unveil its 2030 development strategy for the country in the coming days after approving the document, Georgian Prime Minister Irakli Garibashvili said while announcing the document involved focus on …

Georgian exports reach monthly record-high $540 mln in July

Georgian exports reach monthly record-high $540 mln in July

Georgia exported a record $540 million of goods in July, marking a 40% increase compared to the same month of 2021, the country’s Prime Minister Irakli Garibashvili said at a Government meeting. The PM’s highlighting of the …

Georgia’s international tourism revenue up 130% in July

Georgia’s international tourism revenue up 130% in July

Georgia’s revenues from tourism reached $476 million in July, a 20% increase from the same month of the pre-pandemic 2019 and a roughly 130% increase from July 2021, Georgian Prime Minister Irakli Garibashvili said.  …

Georgia maintains 'strong' economic growth rates in 2022

Georgia maintains 'strong' economic growth rates in 2022

Georgia is maintaining “strong” economic growth rates in 2022, Economy Minister Levan Davitashvili said after announcing the latest Gross Domestic Product data that said the economy had grown by 11.6% in May and 11.2% in the first …

Georgia named 1st in world by budget transparency

Georgia named 1st in world by budget transparency

Georgia is now the highest ranked country on budget transparency in Open Budget Survey 2021 published by the International Budget Partnership.  The country's score has risen by more than 30 points since 2008, with the …

Georgian economy shows growth

Georgian economy shows growth

According to the National Statistics Service of Georgia "Sakstat", real GDP growth in March 2022 amounted to 10.6% compared to last March. Georgia's average GDP growth for the first quarter of this year was 14.4%. In 2021, …

Georgian PM calls on fuel importers to adjust prices

Georgian PM calls on fuel importers to adjust prices

Georgian Prime Minister Irakli Garibashvili has called on fuel importer companies to adjust their prices “as soon as possible” at the weekly Government meeting on Monday.  Garibashvili pointed to the price of oil on the …

Georgia’s GDP growth rate reaches 10.4% in 2021

Georgia’s GDP growth rate reaches 10.4% in 2021

The nominal gross domestic product (GDP) of Georgia amounted to 60.23 billion GEL ($18.7bln/€16.94bln) in 2021, up by 22.3% year-on-year, while the real growth of GDP also increased by 10.4%, the preliminary data from the National Statistics …

Georgia's annual inflation rate rose to 13.9%

Georgia's annual inflation rate rose to 13.9%

The Consumer Price Index in Georgia increased by 1.1% in January 2022 compared to the previous month, while the annual inflation rate stood at 13.9%, the latest inflation data of the National Statistics Office of Georgia (Geostat) shows. …

Trade turnover between Turkey and Georgia exceeded $2 billion

Trade turnover between Turkey and Georgia exceeded $2 billion

According to data for 2021, Turkey became Georgia’s leading trading partner. The trade turnover between the countries reached $2.1 billion. The share of Turkey in the total trade turnover of Georgia was 15%, according to the data …

Garibashvili: Georgian economy increased

Garibashvili: Georgian economy increased

Georgian Prime Minister Irakli Garibashvili said the Georgian government has ‘significantly improved key fiscal parameters’ due to rapid economic recovery. He also noted that the government’s debt was reduced to …

Georgia earns $17 mln from peaches and nectarines export

Georgia earns $17 mln from peaches and nectarines export

Georgia has exported 19 tonnes of peaches and nectarines worth $17 million from May 1 to July 25, which is 6.3 tonnes more than in the same period of last year, the Ministry of Agriculture of Georgia announced. The ministry says  …