Georgian economy up in January
BAKU, Azerbaijan, Feb. 28
By Tamilla Mammadova – Trend:
The estimated real gross domestic product (GDP) growth rate in Georgia in January 2020 equaled 5.1 percent year-on-year, Trend reports referring to the National Statistics Office of Georgia (Geostat).
The estimated real growth in January 2020, compared to the same period of the previous year, was observed in transport and storage, construction, real estate activities, accommodation and food service activities, wholesale and retail trade, repair of motor vehicles and motorcycles, information and communication, electricity, gas, steam and air conditioning supply, manufacturing.
A decrease was registered in mining and quarrying.
Georgian external trade turnover increased to $882.5 million (5.7 percent higher year-on-year) in January 2020.
Last month, the value of exports increased by 10 percent and reached $262.6 million year-on-year, while imports also increased by four percent and amounted to $619.8 million.
Geostat data show that 3,698 new enterprises were registered in January 2020, which is a 14.6-percent increase compared to January 2019.
Follow the author on Twitter: @Mila61979356