BAKU, Azerbaijan, April 30
By Tamilla Mammadova – Trend:
The estimated real gross domestic product (GDP) growth rate in Georgia equaled -2.7 percent in March 2020 year-on-year, Trend reports referring to National Statistics Office of Georgia (Geostat).
The estimated average real GDP growth for first quarter of 2020 equaled 1.5 percent year-on-year.
In March 2020, the estimated real growth compared to the same period of the previous year was related to construction, information and communication sectors.
A decrease was registered in accommodation and food service activities, transportation and storage, arts, entertainment and recreation, wholesale and retail trade; repair of motor vehicles and motorcycles, financial and insurance activities, electricity, gas, steam and air conditioning supply, manufacturing, and real estate activities.
Georgian external trade turnover decreased to $2.77 billion (by 2.7 percent less year-on-year) in March 2020.
Last month, the value of exports decreased by 5.9 percent and reached $778.2 million year-on-year, while imports decreased by 1.4 percent and amounted to $1.99 billion.
Geostat data show that 2,426 new enterprises were registered in March 2020, which is 47.5-percent decrease compared to March 2019.
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