Georgia’s GDP growth rates exceed 5 percent in second quarter

Business Materials 19 September 2014 16:30 (UTC +04:00)

Tbilisi, Georgia, Sept. 19

By Nana Kirtzkhalia - Trend:

As of the second quarter of 2014, the total volume of Georgia's GDP at current prices amounted to 7.175 billion lari ($ 1 = 1.75 lari).

GDP growth rates hit 5.2 percent compared to the second quarter of last year, the Georgian National Statistics Service told Trend Sept. 18.

Around 16.9 percent of GDP accounted for the share of gross output produced in the area of trade, 16.2 percent - industry, 11 percent - transport and communications, 10.2 percent - public administration, 9.2 percent - agriculture and fishing, 7.4 percent - construction.

The growth was fixed in the construction sector (18.7 percent), financial sector (9.6 percent), communication (nine percent), processing industry (7.5 percent), trade (6.9 percent), transport (6.2 percent), municipal and social services (6 percent), real estate and leasing (5.3 percent), the Georgian Statistics Agency reported.

A decrease in the second quarter was fixed in the mining industry (7.6 percent), generation and distribution of electricity, gas and water (6.1 percent).