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

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.