Page 11 - GEORptMar20
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7%, 6% and 5%, respectively. Some 4% of respondents said that the New Georgia party was closest to them, 3% named the Democratic Movement and 2% opted for Girchi.
NDI surveys are funded by with aid from the UK government. The survey was conducted by CRRC-Georgia from November 19 to December 13. The average margin of error was +/- 1.9%.
3.0 Macro Economy
Georgia - Main Macro 2014 2015 2016 2017 2018 1Q2019 2Q2019 3Q2019 Indicators
GDP real growth (y/y, %)
4.6 2.9 2.8 4.8 4.7 5.0 4.6 5.8
GDP (per capita, $) 4,738.8 4,012.6 4,062.1 4,358.5 4,722.0 1,026.7 1,179.0 1,237.0
GDP: Final consumption expenditure, (GEL mn)
25,570.7 27,318.7 28,241.5 30,630.6 32,652.8 8,200.6 8,313.3
GDP: Gross capital formation, (GEL mn)
8,688.8 10,004.3 11,136.5 12,264.8 13,675.7 2,693.8 3,539.9
GDP: Exports, (GEL mn)
12,518.3 14,206.8 14,837.8 19,023.7 22,622.8 5,244.8 6,638.5
GDP: Imports, (GEL mn)
17,627.3 19,774.3 20,187.5 23,559.0 27,385.8 6,394.0 7,465.5
Source: bne IntelliNews, CEIC
3.1 Macroeconomic overview
Georgia begins 2020 with robust 5.1% growth in January
Georgia’s GDP growth in January stood at 5.1 % y/y, according to preliminary estimates from statistics office Geostat.
The Georgian economy expanded by 5.2% in 2019, accelerating from the 4.8% seen in each of the previous two years. The growth rate eased to 3.8% y/y in December, according to the statistics office’s rapid estimate. Major investment bank in Georgia, Galt & Taggart (G&T), expects the country to see
11 GEORGIA Country Report March 2020 www.intellinews.com
