Georgia's GDP grows by 4.7%

Business Materials 28 June 2019 15:08 (UTC +04:00)

Baku, Azerbaijan, June 28

By Tamilla Mammadova - Trend:

In May 2019 the real economic growth of Georgia’s GDP was 4.7 percent, compared to the same period of 2018, Trend reports with reference to the National Statistics Office of Georgia.

The report said the average growth of the country's economy in the first five months of this year was 4.9 percent.

In May 2019, growth was observed in real estate and consumer services, trade, hotel and restaurant sectors.

According to the data, in January-March nominal GDP amounted to 9.745 billion lari, which is 7.4 percent more than in January-March 2018.

In the sectoral structure of GDP, trade (16.8 percent) and industry (16.6 percent) took the largest share, followed by transport and communications (10.9 percent), public administration (8.1 percent), construction (8 percent), real estate (7.1 percent), health care and social assistance (7.1 percent), agriculture (6.4 percent).

1 USD = 2.88 GEL on June 28