Georgian Gross Domestic Product up by 9.4%
BAKU, Azerbaijan, November 15
By Tamilla Mammadova – Trend:
Gross Domestic Product (GDP) of Georgia at current prices amounted to 44.5 billion lari ($15 billion) in 2018, up by 9.4 percent year-on-year, Trend reports with reference to Georgian National Statistics Office (Geostat).
In 2018, the real growth of GDP amounted to 4.8 percent and the deflator percentage change equaled 4.4 percent year-on-year.
The largest shares of GDP by activity are held by repair of motor vehicles and motorcycles (13.9 percent), real estate activities (11.4 percent), followed by manufacturing (10.2 percent), construction (8.3 percent), agriculture, forestry and fishing (7.8 percent), compulsory social security (7.5 percent), transportation and storage (6.3 percent), financial and insurance activities (6.1 percent).
Real growth was registered in agriculture, forestry and fishing (13.8 percent), repair of motor vehicles and motorcycles (5.5 percent), financial and insurance activities (11.6 percent), compulsory social security (7.6 percent), accommodation and food service activities (10.5 percent), manufacturing (4.1 percent), education (6.5 percent), transportation and storage (4.5 percent).
Meanwhile, a decrease in the real value-added was recorded in construction (-7.2 percent).
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