Georgia’s nominal GDP amounted to 38 billion GEL in 2017

Georgia’s nominal Gross Domestic Product (GDP) in 2017 amounted to 38 billion GEL, up by 11.8 percent year-on-year (y/y), shows the preliminary data from the National Statistics Office of Georgia (Geostat).

Last year the real growth of GDP amounted to five percent and the deflator percentage change equaled 6.5 percent y/y, said Geostat.

The largest shares of GDP by activity were held by:

• Trade services (17.6 percent)
• Industry (16.4 percent)
• Transport and Communication services (10.2 percent)
• Construction (9.3 percent)
• Public administration (8.5 percent)
• Agriculture, Forestry and Fishing (8.2 percent)
• Real Estate, Renting and Business Activities (6.9 percent)
• Health and Social work (6 percent)

GDP structure in 2017. Preliminary data. Image from Geostat. 

Real growth was registered in:

• Construction (11.2 percent)
• Hotels and Restaurants (11.2 percent)
• Financial intermediation (9.2 percent)
• Transport (7.2)
• Mining and quarrying (7.1 percent)
• Wholesale and retail trade (6.6 percent)
• Real estate, renting and business activities (6.3 percent)
• Manufacturing (5 percent)

On the other hand a decrease occurred in:

• Agriculture, hunting and forestry; fishing (-2.7 percent)
• Processing of products by households (-2.7 percent)