Q2 2018: Real growth of GDP in Georgia amounts to 5.5%

The real growth rate of the gross domestic product of Georgia amounted to 5.5 per cent in the second quarter (Q2) of 2018 year-on-year, says the National Statistics Office of Georgia (Geostat).

The GDP deflator increased by 4.8 per cent and the nominal GDP totalled 10.16 billion GEL in the reporting period.

In Q2 of 2018, estimated real GDP growth was registered in the following activities:

• Real estate, renting and business activities (13.8 per cent)
• Other community, social and personal service activities (17.9 per cent)
• Mining and quarrying (8.1 per cent)
• Hotels and restaurants (4.5 per cent)
• Financial intermediation (22.0 per cent)
• Transport (8.0 per cent)
• Manufacturing (8.5 per cent)
• Education (4.8 per cent)
• Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods (10.5 per cent)

On the other hand a decrease occurred in:

• Construction (- 7.1 per cent)
• Agriculture, hunting and forestry; fishing (- 3.3 per cent)