31.Jan .2020 17:18

Georgian economy grows 3.8% in December 2019

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The estimated real Gross Domestic Product (GDP) growth rate in December 2019 equaled 3.8 percent y-o-y. An average estimated real GDP growth equaled 5.2 percent for 2019 y-o-y.

“In December 2019 the estimated real growth compared to the same period of the previous year was posted in the following activities: Manufacturing, Transport and Storage, Wholesale and retail trade; repair of motor vehicles and motorcycles, Hotels and restaurants. A decrease was registered in Construction”, Geostat report reads.

According to Geostat, VAT-taxpayer enterprise turnover has made up 8.67 billion GEL in 209. The increase is 4.4 % comparing to the previous year.