2020 data: Georgian economy declines 6.2%
The nominal gross domestic product (GDP) amounted to 49.40 billion GEL in 2020. Photo: Nino Alavidze/Agenda.ge.
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The nominal gross domestic product (GDP) amounted to 49.40 billion GEL in 2020, up by 0.3% year-on-year, while the real growth of GDP reduced by 6.2%, show preliminary data from the National Statistics Office of Georgia.
The largest shares of GDP by activity were held by:
- Wholesale and retail trade; repair of motor vehicles and motorcycles (14.5%)
- Real estate activities (11.7%)
- Manufacturing (10.8%)
- Construction (8.9%)
- Agriculture, forestry and fishing (8.4%)
- Public administration and defence; compulsory social security (7.4%)
- Transportation and storage (5.9%)
- Financial and insurance activities (4.9%)
Real growth was registered in:
- Human health and social work activities (7.9%)
- Agriculture, forestry and fishing (3.6%)
- Education (3.1%)
- Public administration and defence; compulsory social security (1.8%)
- Other service activities (7.1%)
A decrease in the real value-added was recorded in:
- Accommodation and food service activities (-37.9%)
- Transportation and storage (-22.3%)
- Wholesale and retail trade; repair of motor vehicles and motorcycles (-5.6%)
- Arts, entertainment and recreation (-18.9%)
- Administrative and support service activities (-37.9%)
- Professional, scientific and technical activities (-18.4%)
- Construction (-4.7%)
- Financial and insurance activities (-5%)
Estimated real gross domestic product (GDP) declined by 11.5% in January 2021 year-on-year. Last month the following industries of the economy posted negative growth compared to the same period of the previous year:Construction, Transportation and storage, Manufacturing, Accommodation and food service activities, Arts, entertainment and recreation. Real estate activities and others.
Estimated real gross domestic product (GDP) declined by 7.9% in December 2020 year-on-year and by 6.1% in 2020 year-on-year, show the latest data from the National Statistics Office of Georgia (Geostat).
Estimated real gross domestic product (GDP) declined by 7.7 per cent in November 2020 year-on-year, and by 5.9 per cent in the first eleven months of 2020, show the latest data from the National Statistics Office of Georgia.
Nominal gross domestic product (GDP) amounted to 13.33 billion GEL in the third quarter of 2020 in Georgia, while real GDP declined by 5.6 per cent year-on-year and the GDP deflator increased by 5.9 per cent in the reporting period, show preliminary data from the National Statistics Office of Georgia.
The estimated real gross domestic product (GDP) of Georgia declined by 5.1% in February 2021 year-on-year and by 8.3% in January-February of 2021 year-on-year, show preliminary data from the National Statistics Office of Georgia (Geostat).