Regional GDP 2020: Tbilisi accounts for 50.5% of Georgia’s GDP
The GDP of Georgia at current prices amounted to 49.26 billion GEL (about 15.9$bln/€14bln) in 2020, Geostat says. Photo: Nino Alavidze/Agenda.ge.
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The largest share of annual gross domestic product (GDP) of Georgia by region is held by the capital city of Tbilisi with 50.5%, followed by the regions of Adjara (8.9%) and Imereti (8.4%), the National Statistics Office of Georgia (Geostat) reports.
The GDP of Georgia at current prices amounted to 49.26 billion GEL (about 15.9$bln/€14bln) in 2020, Geostat says.
GDP by regions of Georgia are as followed:
- Tbilisi - 21.7 billion GEL (50.5%)
- Adjara - 3.8 billion GEL (8.9%)
- Imereti - 3.6 billion GEL (8.4%)
- Kvemo Kartli - 3.4 billion GEL (8%)
- Samegrelo-Zemo Svaneti - 2.7 billion GEL (6.4%)
- Kakheti - 2.2 billion GEL (5.1%)
- Shida Kartli - 1.9 billion GEL (4.4%)
- Samtskhe-Javakheti - 1.4 billion GEL (3.5%)
- Mtskheta-Mtianeti - 1.1 billion GEL (2.6%)
- Guria - 680 million GEL (1.6%)
- Racha-Lechkhumi and Kvemo Svaneti - 250 million GEL (0.6%)
Image: Geostat.
The largest GDP contributing activities in Tbilisi were:
- Wholesale and retail trade; repair of motor vehicles and motorcycles (22.8%)
- Real estate activities (12.8%)
- Construction (11.5%)
In Adjara, which is the second region of Georgia in terms of value-added volume, the primary sectors included:
- Real estate activities (16.2%)
- Construction (14%)
- Wholesale and retail trade; repair of motor vehicles and motorcycles (10.1%)
In Imereti the main spheres of economic activities were:
- Agriculture, forestry and fishing (14%)
- Manufacturing (12.9%)
- Real estate activities (12.2%)
Meanwhile, in Kvemo Kartli the following sectors were the largest:
- Manufacturing (25.5%)
- Agriculture, forestry and fishing (17.3%)
- Public administration and defence; compulsory social security (7.9%)
Georgian Prime Minister Irakli Garibashvili has stated that the government was able to ‘recover, stimulate and diversify’ the country’s economy' in an unprecedented time frame,’ noting that Georgia has double-digit economic growth.
Nominal Gross Domestic Product in Georgia equalled 15.99 billion GEL in the third quarter of 2021, and real GDP grew by 9.1%, while the GDP deflator (inflation measure) increased by 9.4% in the reporting period, preliminary data from the National Statistics Office of Georgia (Geostat) show.
Georgian Finance Minister Lasha Khutsishvili stated earlier today that the country’s economy will ‘fully recover’ from losses of the last year and be 2.6% higher than it was in 2019.
Georgia's estimated GDP increased in October 2021 compared to the same period last year, and totalled 6.9% year-on-year, while in January-October of 2021 year-on-year growth amounted to 10.5%, preliminary data of the National Statistics Office of Georgia (Geostat) show.
Georgian Prime Minister Irakli Garibashvili has stated earlier today that gross domestic product in Georgia will reach a historic high in January 2022 amounting to 65 billion GEL (about $20 bln./€18 bln).
The Tbilisi City Assembly has approved the Tbilisi municipal budget for 2022, which has increased by 255.115 million GEL and totals 1.305 billion GEL (about $423.9 mln/€374.5 mln). The financial document was adopted yesterday with 35 votes in favour and five against.
Georgia’s gross external debt is up 130.9 million USD quarter-on-quarter, amounting to 21.0 billion USD as of September 30, 2021, the National bank of Georgia (NBG) says. Gross external debt is currently equal to 120% of annual GDP.
The Prime Minister of Georgia has instructed regional governors to have "maximum communication" with their local constituents, in a meeting on Monday that reviewed ways to ensure the needs and priorities of locals are addressed in a timely manner.