BAKU, Azerbaijan, June 30
By Tamilla Mammadova – Trend:
The estimated real gross domestic product (GDP) declined by 13.5 percent in May 2020 year-on-year, Trend reports referring to National Statistics Office of Georgia (Geostat).
As reported, GDP declined by 5.4 percent in the first five months of 2020 year-on-year.
In May 2020, the estimated real growth compared to the same period of the previous year was posted negative in almost all activities.
Georgian external trade turnover decreased to $4.20 billion (by 16.8 percent year-on-year) from January through May 2020.
In the reporting period, the value of exports decreased by 16.1 percent and reached $1.23 billion year-on-year, while imports decreased by 17.1 percent and amounted to $2.96 billion.
Geostat's data show that 3,184 new enterprises were registered in Georgia in May 2020, which is 22.2-percent decrease compared to May 2019.
---
Follow the author on Twitter: @Mila61979356