Georgia: Economy | Asian Development Bank

Georgia: Economy

Growth accelerated to 5.1% in the first quarter of 2017 from 2.7% in the whole of 2016. The strong performance reflected gains of 21.6% in construction, 11.5% in communication, and 8.7% in hotels and restaurants. On the demand side, growth drew support from increased government outlays and expanded private consumption enabled by higher remittances and accommodative monetary policy during 2016. Net exports contributed to growth for the first time since 2013. Also contributing were larger tourism receipts and improved business activity from higher lending to enterprises. Preliminary official estimates put growth at 4.5% in the first half of the year. Read more from Asian Development Outlook 2017 Update

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*2017 and 2018 are forecasts.

Economic forecasts for Central Asian countries

The latest available economic data for Georgia compared to countries in Central Asia.

*2017 and 2018 are forecasts.

Asian Development Outlook 2017
Asian Development Outlook 2017 Update