Georgia's economy increases over seven percent in February
Tbilisi, Georgia, March 20
By Nana Kirtzkhalia - Trend:
Georgia's economic growth was 7.1 percent in February 2014, Georgian Finance Minister Nodar Khaduri told media on March 20.
"We summed up the preliminary results as of February," he added. "The 7.1 percent economic growth was fixed compared to the same period of 2013."
"The statistics office of the country is currently specifying the indices," he said.
The country's GDP in the fourth quarter of 2013 at current prices amounted to 7.674.5 billion lari, while the deflator in the reporting period decreased by 0.4 percent, the Georgian National Statistics Service said on March 20.
The largest share belongs to trade (17.8 percent) and industry (17.7 percent) in the GDP sectorial structure. Other spheres are as follows: public administration (11.7 percent), transport and communication (9.8 percent), agriculture and fishery (8.3 percent), health care and social assistance (5.4 percent).
Moreover, the country's processing industry for the year increased by 20.6 percent, hotel and restaurant business - 19.6 percent, transport 14.7 percent, agriculture and fishing 12.3 percent, production and distribution of electricity, gas and water 11.3 percent, real estate transactions, rent and services in this area 10.8 percent, education 9.2 percent, trade 7.4 percent, financial activity 6.6 percent and the mining industry by 6.5 percent.
A 3.2 and 2.2 percent decrease was observed in construction, as well as rendering community, social and personal services.
Translated by NH
Edited by SM