28.Feb .2020 17:30

Georgia economy increased by 5.1% - Geostat

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The estimated real Gross Domestic Product (GDP) growth rate in January 2020 equaled 5.1 percent y-o-y.

“In January 2020 the estimated real growth compared to the same period of the previous year was posted in the following activities: Transport and Storage, Construction, Real estate activities, Accommodation and food service activities, Wholesale and retail trade; repair of motor vehicles and motorcycles, Information and communication, Electricity, gas, steam and air conditioning supply, Manufacturing”, the document reads.

According to Geostat, VAT taxpayers’ turnover has made up 6.2 billion GEL during the last month, which is increased by 14.6% comparing to 2019.

As of Geostat, 10% of export growth also had a positive impact on the GDP increase.