Georgia records second quarter’s highest growth in industrial sector

Business Materials 19 December 2011 13:56 (UTC +04:00)

Georgia, Tbilisi, Dec.19 / Trend, N. Kirtskhalia /

Georgia's GDP has recorded a healthy increase in its sectorial structure during the second quarter of 2011, with the highest growth of 18.3 per cent being recorded in the industrial sector, the Georgian Statistics Service said on Monday.

According to the report, the industrial sector is followed by trade (17.2 per cent), transport and communications (11.0 per cent), government (10.4 per cent), agriculture, fishery (9.3 per cent), construction (7.3 per cent) and health (6.0 per cent).

A significant growth was recorded in the following sectors: financial activities (24.9 per cent), processing industry (16.6 per cent), communal, social and pension services (11.3 per cent), hotels and restaurants (10.9 per cent), trade (9.2 per cent), as well as communications (8.2 per cent).

For the first time since 2007, real GDP growth in agriculture, hunting and forestry and fishery hit 6.1 per cent compared to the same period of last year.
The development of tourism and as a result, the growth of demand for restaurants, hotels and transport services caused a significant increase in GDP in these sectors.

According to the first three quarters, real GDP growth compared to indicators of last year hit 6.2 per cent, while the deflator index was 10.5 per cent.