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Georgia's GDP ups by 6.7%

Business Materials 25 December 2010 10:29 (UTC +04:00)

Georgia, Tbilisi, Dec. 25 / Trend N.Kirtzkhalia /

In the third quarter of 2010, Georgia's GDP grew by 6.7 percent compared to the same period last year, National Statistics Service Head Zaza Chelidze said.

The GDP index amounted to 5 394.8 million lari in value terms, which is 17.5 percent higher than last year.

GDP per capita amounted to 1,216 lari in the third quarter of 2010.

During January-September, Chelidze saud, GDP grew by 6.5 percent.

The sectors which had posted double-digit increases in the third quarter included processing industry (18.3 percent), catering service (15.7 percent), transport (13.9 percent), financing (12.2 percent) and trade (11.7 percent), he said.

Compared with 2009, a growth of 6.7 percent is already pretty fast. Last year, the South Caucasus country registered a minus 4.9- percent growth.

The growth was recorded on sectors of  the provision of community, social and personal services, real estate, construction, mining, education, social protection, telecommunications and others.

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