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Georgia sees increase in GDP

Business Materials 20 March 2020 17:47 (UTC +04:00)
Georgia sees increase in GDP

BAKU, Azerbaijan, Mar. 20

By Tamilla Mammadova - Trend:

The real growth of gross domestic product (GDP) in Georgia amounted to 5.1 percent in 2019, Trend reports via the National Statistics Office of Georgia (Geostat).

Meanwhile, the deflator percentage change equaled 6.6 percent year-on-year.

As reported, last year the largest shares of GDP by activity were held by wholesale and retail trade; repair of motor vehicles and motorcycles (14.4 percent); real estate activities (11.5 percent), manufacturing (10.1 percent), construction (8.6 percent), agriculture, forestry and fishing (7.2 percent), public administration and defense; compulsory social security (6.8 percent), transportation and storage (6.5 percent), financial and insurance activities (5.4 percent).

Real growth was registered in wholesale and retail trade; repair of motor vehicles and motorcycles (8.8 percent), real estate activities (6.1 percent), transportation and storage (7.4 percent), arts, entertainment and recreation (14.3 percent), information and communication (15.2 percent), accommodation and food service activities (8.9 percent), human health and social work activities (9.6 percent), education (8.8 percent).

A decrease in real value-added was recorded in public administration and defense; compulsory social security (-2.7 percent) and financial and insurance activities (-2.1 percent), said Geostat.

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