Page 12 - GEORptAug18

The top threat not related to Russia was terrorism, picked by 9% of respondents, followed by “Turkey’s interests in Georgia” (5%).
Meanwhile, 26% of respondents thought membership in Nato would most help ensure Georgia’s national security, with 17% saying Georgia strengthening its defence capacities on its own, and 10% picking EU membership.
Somewhat surprisingly, given the position of most respondents on Russia, 43% considered the dissolution of the Soviet Union to have been good for Russia, and an extremely close 43% thought it was bad for the country.
Opinions were more divided over the direction the country is going in, with 39% saying the country is going in the wrong direction, compared to 29% each who said it was going in the right direction or not changing at all. Opinions were also split over the performance of the current government, with more respondents rating it as “average” than either good or bad.
Data over time shows that a majority consistently thought Georgia was going in the right direction between 2009 and 2013, but since then positions have fluctuated. The poll was based on 2,194 interviews carried out between March 20 and April 4. It was funded with UK aid.
3.0 Macro Economy
Georgia - Main Macro 2011 2012 2013 2014 2015 2016 2017 1Q18 Indicators
GDP real growth (y/y, %)
7.2 6.4 3.4 4.6 2.9 2.7 5.0 5.3
GDP (per capita, $) 3,230.7 3,523.4 3,599.6 3,676.2 3,766.6 3,864.6 4,078.5 987.1
GDP: Final consumption expenditure, (GEL mn)
22,487.3 23,733.2 23,671.8 25,570.7 27,318.7 28,241.5 30,381.7 7,781.1
GDP: Gross capital formation, (GEL mn)
6,368.0 7,575.4 6,652.9 8,688.8 10,004.3 10,999.8 12,133.3 2,842.4
GDP: Exports, (GEL mn)
8,822.8 9,982.9 11,997.9 12,518.3 14,206.8 14,837.8 19,177.3 4,549.7
GDP: Imports, (GEL mn)
13,334.2 15,124.2 15,475.2 17,627.3 19,774.3 20,187.5 23,650.1 6,022.9
Source: bne IntelliNews, CEIC
3.1 Macroeconomic overview
Georgian economy grew by an estimated 4% in June
The Georgian economy grew by an estimated 4.0% y/y in June, statistics office Geostat said i n its monthly rapid estimation of real GDP growth.
The economy was estimated to have expanded in the transport, hotels and restaurants, financial intermediation and trade sectors, Geostat said in the estimation, which is based on administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics.
The average estimated real GDP growth in 2Q18 was 6.0%, and the average rate in H1 2018 was 5.7%, Geostat added.
12 GEORGIA Country Report August 2018 www.intellinews.com