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.

Agenda.ge, 20 Mar 2020 - 12:16, Tbilisi,Georgia

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.

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