Feb 2020: Georgian economy grows 2.2%
The estimated real growth occurred in the following sectors: wholesale and retail trade; repair of motor vehicles and motorcycles, information and communication, real estate activities, accommodation and food service activities. Photo: Nino Alavidze/Agenda.ge.
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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).
In February 2020 the estimated real growth compared to the same period of the previous year occurred in the following sectors: wholesale and retail trade; repair of motor vehicles and motorcycles, information and communication, real estate activities, accommodation and food service activities.
A decrease was registered in manufacturing, construction, transportation and storage.
Georgia’s external trade turnover amounted to $1.85 billion in January-February 2020.
The value of exports increased 4.5 per cent and reached $526.3 million, while imports increased 6.7 per cent, amounting to $1.33 billion.
Geostat data show that 3,969 new enterprises were registered in February 2020, which is a 8.9 per cent decrease compared to the same period of the previous year.
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.
Georgia’s external trade turnover amounted to $1.86 billion in January-February 2020, which is an increase of 6.1 per cent compared to the same period of last year, show preliminary data from the National Statistics Office of Georgia (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).
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.
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).
Nominal gross domestic product (GDP) amounted to 11.06 billion GEL in the first quarter of 2020 in Georgia, while GDP grew by 2.2 per cent year-over-year and the GDP deflator increased by 6.1 per cent in the reporting period, show the latest data from the National Statistics Office of Georgia (Geostat).
Estimated real gross domestic product (GDP) declined by 13.5 per cent in May 2020 year-on-year and by 5.4 per cent in the first five months of 2020 year-on-year, show the latest data from the National Statistics Office of Georgia (Geostat).