Georgia’s economy grows 4.4% in third quarter of 2017
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Georgia experienced 4.4 percent economic growth in the third quarter (Q3) of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).
Real growth was observed in the following industries:
- Hotels and restaurants - 12.6 percent growth
- Mining and quarrying - 10.6 percent growth
- Construction - 9.3 percent growth
- Trade - 9.3 percent growth
- Financial intermediation - 7.2 percent growth
- Real estate, renting and business activities - 6.3 percent growth
- Public administration - 5.1 percent growth
- Electricity, gas and water supply - 5 percent growth
- Communication - 4.9 percent growth
On the other hand, a decrease occurred in agriculture, hunting and forestry and fishing (-2.8 percent), said Geostat.
The largest shares of GDP by activity were held by:
- Trade services (18.7 percent)
- Industry (17 percent)
- Transport and communication services (10.7 percent)
- Construction (10.2 percent)
- Agriculture, hunting and forestry, fishing (8.6 percent)
- Real estate, renting and business activities (7.1 percent)
- Public administration (6.8 percent)
- Health and social work (5.6 percent)
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