Georgia posts 3.7% growth in Q3 of 2018

The nominal gross domestic product (GDP) amounted to 10.58 billion GEL in the third quarter of 2018, announces the National Statistics Office of Georgia (Geostat).

The real growth rate of GDP equalled 3.7% year-on-year, while the GDP deflator increased by 3.4%. Real GDP growth amounted to 4.8% for the Q1-Q3 2018 year-over-year.

Real growth was registered in the following activities:

• Community, social and personal service activities (19.9%)
• Transport (16.2%)
• Financial intermediation (15%)
• Real estate, renting and business activities (13.4%)
• Communication (8.9%)
• Health and social work (8.6%)
• Hotels and restaurants (7.4%)
• Mining and quarrying (6.2%)
• Processing of products by households (5.9%)
• Agriculture, hunting and forestry; fishing (3.8%)

A decrease in the real value-added occurred in:

• Construction (-9.2%)
• Public administration (-2.9%)
• Manufacturing (-2.3%)