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Geostat: GDP deflator up in Georgia

Business Materials 19 June 2020 12:42 (UTC +04:00)
Geostat: GDP deflator up in Georgia

BAKU, Azerbaijan, June 19

By Tamilla Mammadova – Trend:

The nominal Gross Domestic Product (GDP) in Georgia amounted to 11.06 billion lari ($3.6 billion) in the first quarter of 2020, Trend reports with reference to National Statistics Office of Georgia (Geostat)

As reported, the real growth rate of GDP equaled to 2.2 percent year-on-year, while the GDP deflator increased by 6.1 percent.

Real growth was registered in such activities as health care and social work activities (13.5 percent), arts, entertainment and recreation (16.2 percent), manufacturing (5.7 percent), construction (6.7 percent), education (7.5 percent), public administration and defense; compulsory social security (4.2 percent), transportation and storage (4.7 percent), information and communication (7.6 percent), and real estate activities (1.6 percent).

A decrease in the real value-added occurred in professional, scientific and technical activities (-13.1 percent), financial and insurance activities (-6.1 percent), electricity, gas, steam and air conditioning supply (-6.6 percent).

The largest shares of GDP by activity are held by trade (13.5 percent), real estate activities (12.9 percent) and manufacturing (9.5 percent), followed by agriculture, forestry and fishing (6.9 percent), public administration and defense; compulsory social security (6.7 percent), transportation and storage (6.6 percent), construction (6.6 percent), and financial and insurance activities (5.4 percent).

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