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Geostat shares data on Georgia’s economy growth

Georgia Materials 30 April 2022 11:02 (UTC +04:00)
Geostat shares data on Georgia’s economy growth
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, April 30. Georgia's real Gross Domestic Product (GDP) rate increased by 14.4 percent in the first quarter of 2022 compared to the same period of 2021, Trend reports citing National’s Statistics Office of Georgia (Geostat).

The estimated real growth at 10.6 percent in March 2022, compared to the same month of 2021, was in the following sectors: electricity, gas, steam and air conditioning supply, transportation and storage, hotels and restaurants, construction, arts, entertainment and recreation, mining and quarrying and manufacturing.

Foreign trade turnover also increased in the first quarter of 2022, namely export of goods amounted to $1.1 billion, which is 43.3 percent more than in the same period of 2021.

The number of imports amounted to $2.6 billion - an increase by 35.7 percent compared to the same period of previous year.

The total turnover summed to $3.8 billion, which is an increase of 37.9 percent compared to the same period of 2021.

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