Exchange Rate in Georgia
Georgia - Exchange RateAccording to preliminary data, annual growth accelerated to 4.5% in Q4 2018 (Q3: +3.7%). This brought the expansion for the whole year to 4.7%, a notch below the previous year’s result. A rebound in manufacturing activity, as well as a marked improvement in the construction sector following the largest contraction in five years in Q3, drove the quarterly acceleration. Meanwhile, quickening retail trade activity and higher turnover in hotels and restaurants hinted at healthy consumer demand dynamics in Q4, which was likely propped up by lower inflation and healthy labor market conditions. On a less positive note, foreign direct investment slumped significantly in 2018, weighing on overall growth. Moreover, metrics from the first quarter of this year appear less upbeat, as reflected by economic activity growth slowing in January-February.
Georgia - Exchange Rate Data
|Exchange Rate (vs USD)||1.74||1.88||2.11||2.66||2.59|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||2.70||0.0 %||Apr 22|
|Stock Market||0.1||0.55 %||Apr 22|
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