Georgia, Tbilisi, June 21 / Trend N. Kirtzkhalia /
Real GDP growth hit 6.8 percent in Georgia in the first quarter compared to the corresponding period of last year, deflation rate - 1.7 percent. The results of the first quarter have been presented by executive director of the Georgian Statistics Agency Zaza Chelidze at a press conference on Wednesday.
He said that during the reporting period, the country's GDP at current prices reached 5.660.9 bln lari ($ 1 = 1.63 lari), or 8.7 percent more than the same period of last year.
The largest share in the GDP structure falls to industry (18.2 percent), trade 15.6 percent), transport and communications (11.2 percent), public administration (10.5 percent), agriculture and fishery (9.6 percent) and health (6.5 percent).
According to the Georgian Statistics Agency, significant growth has been recorded in construction - 26.3 percent), processing industry - 20.4 percent, financial sector - 16.7 percent, restaurant and hotel business - 9.4 percent), transport - 8.6 percent.
Growth has been recorded in the following areas: communication - 7.8 percent, the real estate transactions, rent and services - 6.8 percent, electricity, gas and water supply - 6.4 percent, trade - 6.3 percent, other utilities, social and personal services - 6.0 percent, public administration - 3.8 percent, agriculture, hunting and forestry, fishing -3.1 percent, education - 2.2 percent.
The reduction in the growth rate has been recorded in the mining industry - 4.1 percent, processing of products in domestic households - 1.4 percent.
"The real value added growth in construction was 26.3 percent compared to the same period of last year," Chelidze said. "The growth trend has been stipulated by public and private construction projects."
He said that the high growth rates in processing industry have been stipulated by the development in the production of food, wine, building materials and chemical products.
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