Georgia’s economy grows 5.1% in Q1 2017

Worldwide, the average trade freedom score improved slightly, from 75.3 to 75.6, said the report. Photo by N. Alavidze/Agenda.ge.
Agenda.ge, 19 Jun 2017 - 16:13, Tbilisi,Georgia

Georgia experienced 5.1 percent economic growth in the first quarter of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).

In the reporting period the largest shares of GDP by activity were held by:

  • Industry (16.6 percent)
  • Trade services (15.3 percent)
  • Transport and communication services (11.4 percent)
  • Agriculture, hunting and forestry, fishing (9.4 percent)
  • Construction (9.6 percent)
  • Agriculture, hunting and forestry, fishing (nine percent)
  • Public administration (7.8 percent)
  • Health and social work (6.2 percent)
  • Real estate, renting and business activities (5.7 percent)

Meanwhile the real growth was registered in the:

  • Construction (21.6 percent)
  • Communication (11.5 percent)
  • Hotels and restaurants (8.7 percent)
  • Manufacturing (eight percent)
  • Other community, Social and Personal Service Activities (7.9 percent)
  • Financial Intermediation (6.8 percent)
  • Real estate, renting and business activities (6.3 percent)
  • Health and Social Work (5.6 percent)
  • Transport (5.2 percent)