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Geostat Preliminary Data: Q1 GDP Growth 6%
Civil Georgia, Tbilisi / 30 Apr.'12 / 14:10

Georgia’s economy grew at 6% annual rate in the first quarter of 2012, according to the preliminary figures released by the Georgian state statistics office, Geostat, on April 30.

That follows a 8.8% y/y growth in the final three months of 2011.

Geostat said it would release detailed GDP figures for the first quarter of this year on June 19.

Georgia’s GDP grew 7% y/y in 2011, according to Geostat.

PM Nika Gilauri said at a government session on April 30, that 6% growth in the first quarter “is quite good figure.”

“February was a difficult period because of freeze and heavy snow. Economic activities were lower than we expected,” he said.

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