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31.Mar .2020 17:44

Georgian economy grows 2.2% in February

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Georgian gross domestic product (GDP) grew 2.2 per cent in February 2020 compared to the same period of last year, show the latest data from the National Statistics Office of Georgia (Geostat).

In February 2020 the estimated real growth compared to the same period of the previous year occurred in the following sectors: wholesale and retail trade; repair of motor vehicles and motorcycles, information and communication, real estate activities, accommodation and food service activities.

A decrease was registered in manufacturing, construction, transportation and storage.

Georgia’s external trade turnover amounted to $1.85 billion in January-February 2020.

The value of exports increased 4.5 per cent and reached $526.3 million, while imports increased 6.7 per cent, amounting to $1.33 billion.

Geostat data show that 3,969 new enterprises were registered in February 2020, which is a 8.9 per cent decrease compared to the same period of the previous year.