Page 14 - GEORptJun22

3.0 Macro Economy
Georgia - Main Macro 2017 2018 2019 2020 1Q21 2Q21 3Q21 4Q21* 2021* Indicators
GDP real growth (y/y, %)
4.8 4.8 5.0 -6.8 -4.1 28.9 9.1 8.8 10.4
GDP per capita (at current 4,358.5 4,722.0 4,696.2 4,255.7 929.7 1,250.7 1,375.0 1,478.6 5,015.3 prices), USD
GDP per capita (at current prices), GEL
10,933. 11,968 13,239. 13,234. 3,081.3 4,161.4 4,290.4 4,621.0 16,154.1 941
GDP at current prices, (USD bn)
16.2 17.6 17.5 15.8 3.5 4.7 5.1 5.5 18.7
GDP at current prices, (GEL bn)
40.8 44.6 49.3 49.3 11.5 15.5 16.0 17.2 60.2
GDP deflator (y/y, %)
8.5 4.4 5.2 7.3 7.9 11.6 9.4 13.4 10.8
Source: Geostat
3.1 Macroeconomic overview
Georgia’s GDP expands 2.6% y/y in April
Georgia’s GDP expanded by 2.6% y/y in April, according to a data release from the National Statistics Office of Georgia. GDP growth was observed in transportation and storage, hotels and restaurants, electricity, gas, steam and air conditioning supply, financial and insurance activities, arts, entertainment and recreation and mining and quarrying.
Declines were seen in construction, manufacturing, professional services, scientific and technical activities and trade.
The Office also stated that 6,894 new businesses were registered in April, up 41.4% y/y. It also said exports of goods in January-April were valued at $1.5bn, up 32.8% y/y.
14 GEORGIA Country Report June 2022 www.intellinews.com