Georgia’s GDP real growth hits 8.8 per cent in 2011 fourth quarter
Georgia, Tbilisi, March 21 / Trend N. Kirtzkhalia /
Real GDP growth in Georgia hit 8.8 per cent in the fourth quarter of 2011, compared to the same period of the previous year. Deflation hit 6.0 per cent, head of the Georgian statistics agency Zaza Chelidze said at a briefing on Tuesday.
He said that the GDP in current prices amounted to 6.907.4 million lari during this period, or 15.4 per cent more compared to the same period in 2010.
Trade takes the highest percentage in the GDP sectorial structure at 18.9 per cent, industry 16.9 per cent, state governance 13.5 per cent, transport and communications 9.3 per cent, construction 8.2 per cent, agriculture and fishing 8.0 per cent and healthcare 5.6 per cent.
Significant growth was recorded in construction at 23.2 per cent, processing industry 19.1 per cent, financial activities18.8 per cent, production and distribution of electricity, natural gas and water 14.4 per cent, other communal, social and personal services 10.5 per cent, trade 6.9 per cent and internal processing of products by farms 6.7 per cent.
Growth was recorded in the following sectors: communications 6.4 per cent, real estate operation, renting and servicing 4.8 per cent, state governance 3.9 per cent, agriculture, hunting, forestry and fishing 2.8 per cent and education 2.4 per cent.