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Georgia’s GDP up in 3Q2021

Georgia Materials 21 December 2021 16:22 (UTC +04:00)
Georgia’s GDP up in 3Q2021

BAKU, Azerbaijan, Dec. 21

By Maryana Akhmedova – Trend:

Georgia’s estimated real GDP in the third quarter of 2021 amounted to $5.1 billion, which is an increase of 18.6 percent, compared to $4.3 billion over the same period of 2020, Trend reports via National Statistics Office (Geostat).

According to Geostat, the GDP per capita in Georgia in the reporting period of 2021 totaled $1,375, which is an increase of 18.5 percent, compared to $1,160 over the third quarter of 2020.

Meanwhile, the GDP deflator in Georgia in the reporting period of 2021 increased by 9.4 percent, the report said.

The highest real GDP growth in Georgia was registered in the following sectors (third quarter of 2021):

- Electricity, gas, steam, and air conditioning supply (78.8 percent);

- Hotels and restaurants (49.8 percent);

- Arts, entertainment and recreation (48.1 percent);

- Transportation and storage (29 percent);

- Health and social work (23.8 percent)

- Financial and Insurance activities (20.3 percent);

- Wholesale and retail trade (12.3 percent);

- Manufacturing (7.3 percent).

According to the statistics, the decrease in the real value added to the GDP growth was indicated in the construction, education, agriculture, public administration and defense, and social security sectors.

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