Georgian economy grows 5.5% in Q2 of 2018

Georgia’s economy grew 5.5 per cent in the second quarter (Q2) of 2018, while the gross domestic product (GDP) deflator increased by 4.8 per cent , says the National Statistics Office of Georgia (Geostat).

In the reporting period, the nominal GDP totalled 10.16 billion GEL.

The real GDP growth amounted to 5.4 per cent  for the first half of 2018, says Geostat.

Real growth was registered in the following activities:

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

A decrease in the real value-added occurred in:

• Construction (-7.1 per cent )
• Agriculture, hunting and forestry; fishing (-3.3 per cent )
• The largest shares of GDP by activity were held by:
• Industry (17.1 per cent )
• Trade services (17 per cent )
• Transport and communication (9.9 per cent )
• Agriculture, hunting and forestry; fishing (8.5 per cent )
• Construction (8.3 per cent )
• Public administration (7.9 per cent )
• Real estate, renting and business activities (6.7 per cent )
• Health and social work (5.9 per cent )