Georgia’s real GDP grew 7.8% year-on-year in January after 8.4% growth in December, according to preliminary data released by the Georgian state statistics office on Friday.

Geostat slightly revised upwards 2013 growth figure from initially reported 3.1% to 3.2%. Government forecasts 5% economic growth in 2014.

Georgia’s central bank said earlier this month that economic growth gathered speed in recent months, mainly due to increase in domestic demand, and this trend is expected to continue in the first half of 2014.