PMC Research published a ‘Macro Overview,’ stating that Georgia’s economy grew by 9.1% during the first quarters of 2024, exceeding 2023’s growth of 8.0%. The report illustrated that the average real GDP growth was 9.6% between January and August 2024, with peak points in July and August at 13% and 12%, respectively.
Education and accommodation were the sectors with the highest growth rates, whereas energy production decreased by 9.0%. The average inflation was 1.1%, with core inflation at 1.7%.
The National Bank of Georgia kept its monetary policy rate at 8% for proper inflation management and stability.
