Georgian economy grew 10.1% in 2022 - National Statistics Office

The nominal gross domestic product of Georgia amounted to ₾71.75 billion ($27.87bln) in 2022, marking a 10.1 percent real GDP growth year-on-year, data published by the National Statistics Office of Georgia on Tuesday shows.

The release of figures also showed a 19.6 percent year-on-year increase of GDP and 8.6 percent GDP deflator percentage change.

The largest shares in GDP by activity were displayed by:

• Wholesale and retail trade; repair of motor vehicles and motorcycles (15.2 percent) 
• Manufacturing (11.1 percent)
• Real estate activities (9.9 percent) 
• Construction (8 percent)
• Agriculture, forestry and fishing (7 percent)
• Transportation and storage (6.5 percent) 
• Public administration and defence; compulsory social security (6.4 percent)
• Financial and insurance activities (4.9 percent)
• Information and communication (4.7 percent)

Real growth was registered in:

• Transportation and storage (28.4 percent)
• Information and communication (49.9 percent)
• Electricity, gas, steam and air conditioning supply (38.9 percent)
• Construction (14.8 percent)
• Wholesale and retail trade; repair of motor vehicles and motorcycles (6.1 percent)
• Manufacturing (7.8 percent)
• Arts, entertainment and recreation (17.3 percent)
• Accommodation and food service activities (16.7 percent)
• Mining and quarrying (22.8 percent)

The Office also said decreases in the real value-added had been recorded in real estate (-4.8 percent), human health and social work (-5.7 percent) and professional, scientific and technical work (-2.4 percent).