Georgian economy grows 5.1% in 2019
The real growth of gross domestic product in Georgia amounted to 5.1 per cent in 2019 and the deflator percentage change equalled 6.6 per cent year-on-year. Photo: Nino Alavidze/Agenda.ge.
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The real growth of gross domestic product (GDP) in Georgia amounted to 5.1 per cent in 2019 and the deflator percentage change equalled 6.6 per cent year-on-year, show the preliminary data published by the National Statistics Office of Georgia.
Last year the largest shares of GDP by activity were held by:
- Wholesale and retail trade; repair of motor vehicles and motorcycles (14.4 per cent)
- Real estate activities (11.5 per cent)
- Manufacturing (10.1 per cent)
- Construction (8.6 per cent)
- Agriculture, forestry and fishing (7.2 per cent)
- Public administration and defence; compulsory social security (6.8 per cent)
- Transportation and storage (6.5 per cent)
- Financial and insurance activities (5.4 per cent)
Real growth was registered in:
- Wholesale and retail trade; repair of motor vehicles and motorcycles (8.8 per cent)
- Real estate activities (6.1 per cent)
- Transportation and storage (7.4 per cent)
- Arts, entertainment and recreation (14.3 per cent)
- Information and communication (15.2 per cent)
- Accommodation and food service activities (8.9 per cent)
- Human health and social work activities (9.6 per cent)
- Education (8.8 per cent)
A decrease in real value-added was recorded in public administration and defence; compulsory social security (-2.7 per cent) and financial and insurance activities (-2.1 per cent), said Geostat.
In Georgia the estimated real gross domestic product (GDP) growth rate in January 2020 equalled 5.1 per cent year-on-year, announces the National Statistics Office of Georgia.
Georgian gross domestic product (GDP) grew 3.8 per cent in December 2019 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).
In November 2019 the estimated real growth compared to the same period of the previous year occurred in the following sectors: manufacturing, transport and storage, construction, wholesale and retail trade; repair of motor vehicles and motorcycles. A decrease was registered in real estate activities and in the arts, entertainment and recreation activities.
The real gross domestic product (GDP) growth rate in Georgia in the third quarter (Q3) of 2019 came out to 5.8 per cent year on year (y/y) shows the preliminary data from the National Statistics Office of Georgia (Geostat).
Georgian gross domestic product (GDP) grew 2.2 per cent in February 2020 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).
The Georgian economy has shrunk 2.7 per cent in March 2020, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated average real gross domestic product (GDP) growth for January-March equalled 1.5 percent year-on-year.
The International Monetary Fund (IMF) and the World Bank forecast Georgian economic growth to be three-four per cent by 2021, said Georgian Finance Minister Ivane Matchavariani.
Estimated real gross domestic product (GDP) declined by 16.6 per cent in April 2020 year-on-year (y/y) and by 3.6 per cent in the first four months of 2020 y/y, show the latest data from the National Statistics Office of Georgia (Geostat).
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.