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Georgia sees increase in real GDP rate

Georgia Materials 29 October 2021 14:19 (UTC +04:00)
Georgia sees increase in real GDP rate

BAKU, Azerbaijan, Oct. 29

By Maryana Akhmedova – Trend:

Georgia’s estimated real GDP from January through September 2021 demonstrated growth by 11.3 percent, Trend reports via National Statistics Office (Geostat).

According to Geostat, Georgian GDP decreased by 5 percent over the first 9 months of 2020.

Meanwhile, Georgian GDP growth rate in September 2021 reached 6.9 percent, compared to decline of 0.7 percent in the same period of 2020.

TOP-8 economic sectors, where the real GDP growth was recorded in Sept.2021:

- Financial and Insurance activities;

Transportation and storage;

- Manufacturing;

- Electricity, gas, steam and air conditioning supply;

- Hotels and restaurants;

- Arts, entertainment and recreation;

- Real estate activities;

- Trade.

According to the statistics, the decline of the GDP growth was indicated in the Construction sector.

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