Real GDP growth in Georgia exceeds 6%

Business Materials 30 August 2019 13:14 (UTC +04:00)

Baku, Azerbaijan, August 30

By Tamilla Mammadova – Trend:

Real growth in Georgia's GDP amounted to 6.1 percent in July 2019 compared to the corresponding period last year, Trend reports referring to the Georgian National Statistics Office (Geostat).

According to statistics, the real average growth for the first seven months of 2019 was determined at 5.1 percent.

In July 2019, the estimated real growth was observed in construction, manufacturing, trade, real estate and renting sector as well as in and business activities. A decrease was registered in mining and quarrying as well as in electricity, gas and water supply.

The external merchandise trade of Georgia amounted to $7,065.3 million in January-July 2019, 0.2 percent lower year-on-year.

The exports equaled $2,102.2 million (12.4 percent higher), while the imports stood at $4,963.1 million (4.7 percent lower). The negative trade balance was $2,860.9 million in January-July 2019, and its share in external trade turnover constituted 40.5 percent.