PBO’s Monthly Macroeconomic Review reflects the trends of major macroeconomic variables. The review is based on data from Geostat, National Bank of Georgia and Ministry of Finance.
In December 2017, real GDP growth amounted to 4.7% YoY. According to VAT turnover, this growth was predominantly driven by trade and manufacturing industry. In 2017, average growth of real GDP equaled 4.8%. As for inflation, in January 2018, annual inflation totaled 4.3%, while GDP deflator made up 5.9% in December 2017. With regard to external trade, in 2017, following economic recovery in major partner countries and