2020 data: Georgian economy declines 6.2%

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%)