19.Jun .2020 16:10

Q1 of 2020: Georgian economy grows 2.2%

Q1 of 2020: Georgian economy grows 2.2%
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Nominal gross domestic product (GDP) amounted to 11.06 billion GEL in the first quarter of 2020 in Georgia, while GDP grew by 2.2 per cent year-over-year and the GDP deflator increased by 6.1 per cent in the reporting period, show the latest data from the National Statistics Office of Georgia (Geostat).

Real growth was registered in the following activities:

• Human health and social work activities (13.5%)
• Arts, entertainment and recreation (16.2%)
• Manufacturing (5.7%)
• Construction (6.7%)
• Education (7.5%)
• Public administration and defence; compulsory social security (4.2%)
• Transportation and storage (4.7%)
• Information and communication (7.6%)
• Real estate activities (1.6%)

A decrease in the real value-added occurred in:

• Professional, scientific and technical activities (-13.1%)
• Financial and insurance activities (-6.1%)
• Electricity, gas, steam and air conditioning supply (-6.6%)
• The largest shares of GDP by activity were held by:
• Trade (13.5%)
• Real estate activities (12.9%) and manufacturing (9.5%)
• Agriculture, forestry and fishing (6.9%)
• Public administration and defence; compulsory social security (6.7%)
• Transportation and storage (6.6%)
• Construction (6.6%)
• Financial and insurance activities (5.4%)