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GDP Growth Rate Amounted 5.8% For August 2023 Y-O-Y - Geostat

The estimated real Gross Domestic Product (GDP) growth rate amounted 5.8% for August 2023 year-over-year and the average real GDP growth for January-August 2023 equaled 7%, - according to the preliminary data from the National Statistics Office of Georgia (Geostat).

As of the document, in August 2023, compared to the same period of the previous year, the estimated real growth in following activities contributed significantly: Financial and insurance activities, Construction, Manufacturing, Trade.

Declines were registered in Real estate activities, Transportation and storage, Information and communication activities.