20.Mar .2020 17:07

Geostat: Georgia’s GDP increased by 12.1 % Y/Y in 2019

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Based on preliminary estimates the nominal Gross Domestic Product (GDP) in 2019 amounted to 50 002.2 million GEL, up by 12.1 percent Y/Y, the Georgian National Statistics Office (Geostat) said.

In 2019 the real growth of GDP amounted to 5.1 percent and the deflator percentage chang equaled 6.6 percent compared to the previous year.

The largest shares of GDP by activity are held by Wholesale and retail trade; repair of motor vehicles and motorcycles (14.4 percent) and Real estate activities (11.5 percent), followed by Manufacturing (10.1 percent), Construction (8.6 percent), Agriculture, forestry and fishing (7.2 percent), Public administration and defence; compulsory social security (6.8 percent), Transportation and storage (6.5 percent), Financial and insurance activities (5.4 percent).

Real growth was registered in Wholesale and retail trade; repair of motor vehicles and motorcycles (8.8 percent), Real estate activities (6.1 percent), Transportation and storage (7.4 percent), Arts, entertainment and recreation (14.3 percent), Information and communication (15.2 percent), Accommodation and food service activities (8.9 percent), Human health and social work activities (9.6 percent), Education (8.8 percent). A decrease in the real value-added was recorded in Public administration and defence; compulsory social security (-2.7 percent) and Financial and insurance activities (-2.1 percent).