ECONOMY
15.11.19 14:30
The gross domestic product (GDP) of Georgia at current prices in 2018 came to $17.6 billion, show the adjusted results of the National Statistics Office of Georgia (Geostat) taken into account the methodological changes in National Accounts implemented recently.
Geostat transited to the new methodology, System of National Accounts (SNA) 2008, from the old one (SNA 1993) and thus implemented methodological changes, which resulted in changes related to GDP and other economic indicators.
The main differences between the old (SNA 1993) and the new methodologies refer to changes in measuring Financial Intermediation Services Indirectly Measured (FISIM), capitalisation of research and development related expenses and output of owner occupied dwellings,” says Geostat.
Before the new methodology Georgian GDP of 2018 was $16.2 billion.
Geostat says that based on the new methodology, the real GDP growth amounted to 4.8 per cent in 2018, while it was 4.7 before the changes.
Adjusted GDP per capita accounted to $4,722 in 2018, while it was $4,345.5 before changes, says Geostat.
source: AGENDA
Read: 82
Write comment
(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)
News feed
-
Defense Committee Chair hosts Head of NATO Liaison Office in Georgia
12:3025.04.24
-
11:5725.04.24
-
11:1125.04.24
-
Rally against draft law "On Transparency of Foreign Influence" underway near Parliament
10:0025.04.24
-
MIA to identify individuals calling for blocking roads artificially during Rustaveli Avenue rallies
18:0024.04.24
-
Lazare Grigoriadis leaves prison
17:3024.04.24
-
Irakli Kobakhidze to participate in the Conservative Political Action Conference in Hungary
17:0024.04.24
-
16:1724.04.24
-
15:3024.04.24
-
Youth social entrepreneurship support project kicks off
14:5024.04.24
-
14:0024.04.24
-
Tbilisi Mayor deems new stadium construction as a mega project
13:2024.04.24
-
12:2424.04.24
-
Rustavi City Council Chairman dismissed
11:3024.04.24
-
10:2224.04.24
-
9:0024.04.24
-
Tusheti Protected Landscape in Georgia’s north-east to expand by 2,245 hectares
18:0023.04.24
-
17:2823.04.24
-
16:5623.04.24
-
16:2023.04.24
-
15:4423.04.24
-
15:0623.04.24
-
Georgian PM, UN representatives review cooperation
14:3523.04.24
-
14:0023.04.24
-
Four people were arrested for making and issuing fake driving licenses
13:2023.04.24
-
12:3923.04.24
-
Georgian, Croatian foreign ministers discuss “fruitful” cooperation
11:3023.04.24
-
Georgian foreign office welcomes border delimitation deal between Armenia, Azerbaijan
10:4523.04.24
-
10:0023.04.24
-
8:0023.04.24
-
18:0022.04.24
-
Prosecutor's Office arrests organized criminal group members involved in call centres
17:2722.04.24
-
Economy Minister: Georgian economy to become “one of fastest-growing” in Europe, wider region
16:5522.04.24
-
Deputy Economy Minister: over million travellers, “record-high” EU visitors entered Georgia in Q1
16:3122.04.24
-
Girchi Party sceptical about their Political Lobbying bill's support in Parliament
16:0022.04.24
-
Russian occupation forces illegally arrest two citizens of Georgia near village of Dirbi
15:3022.04.24