31.Jul .2020 12:28

Georgian economy shrinks 7.7% in June 2020


Estimated real Gross Domestic Product (GDP) declined by 7.7 percent in June 2020 YoY and by 5.8 percent in the first six months of 2020 y-o-y, show the latest data from the National Statistics Office of Georgia (Geostat).

In June 2020 the estimated real growth compared to the same period of the previous year was posted negative in almost all activities, other than Mining and quarrying and Water supply, sewerage, waste management and remediation activities.