NEWS

Georgian economy grows 5% in June 2019

Geostat Director Todradze said exports have grown 11.5% in January - June 2019, reaching 1,775,400,000 USD. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 31 Jul 2019 - 13:13, Tbilisi,Georgia

The Georgian GDP has increased 5% in June 2019, show the latest data from the National Statistics Office of Georgia (Geostat).

Geostat reports that GDP has grown 4.9% overall in January - June 2019.

Geostat Director Gogita Todradze said the financial sector observed a decrease in June while all the other sectors experienced growth including transport, real estate, hotel and restaurants and construction.

Geostat Director Todradze said exports have grown 11.5% in January - June 2019, reaching 1,775,400,000 USD.

Meanwhile imports have dropped to 4,192,900,000 USD (4.9%),” Gogita Todradze said.

Geostat data show that 3,893 new enterprises were registered in June, which is 2% less than the data from June 2018.

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