Georgian economy grew 5% in 2019 – final GeoStat data in

  • GDP at current prices amounted to 49.25 billion GEL ($14.95 bln/€12.64 bln) which is a 10.4 per cent increase year-on-year. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 16 Nov 2020 - 14:57, Tbilisi,Georgia

The real growth of gross domestic product (GDP) in Georgia amounted to 5 per cent in 2019, says the final results of the National Statistics Office of Georgia, noting that GDP at current prices amounted to 49.25 billion GEL ($14.95 bln/€12.64 bln) which is a 10.4 per cent increase year-on-year.

Last year the largest shares of GDP by activity were held by: 

  • Wholesale and retail trade; repair of motor vehicles and motorcycles (14.3 per cent) 
  • Real estate activities (11.5 per cent)
  • Manufacturing (10.1 per cent)
  • Construction (8.5 per cent)
  • Agriculture, forestry and fishing (7.4 per cent)
  • Public administration and defence; compulsory social security (6.9 per cent)
  • Transportation and storage (6.6 per cent)
  • Accomodation and food service activities (5.2 per cent)
  • Financial and insurance activities (5.1 per cent)

Real growth was registered in:

  • Wholesale and retail trade; repair of motor vehicles and motorcycles (8.3 per cent)
  • Accomodation and food service activities (18.5 per cent)
  • Arts, entertainment and recreation (22.1 per cent)
  • Information and communication (21.4 per cent)
  • Transportation and storage (8.4 per cent)
  • Real estate activities (4.1 per cent)

A decrease in real value-added was recorded in financial and insurance activities (-7.5 per cent), public administration and defence; compulsory social security (-1.6 per cent) and other service activities (-12.3 per cent), said Geostat.

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