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Georgian Economy Up By 5.5 % In July

თბილისი საბაგირო გზა

The estimated real Gross Domestic Product (GDP) growth rate amounted 5.5% for July 2023 year-over-year and the average real GDP growth for January-July 2023 equaled 7.2 %, the National Statistics Service (GeoStat) reported.

In July 2023, compared to the same period of the previous year, the estimated real growth in the following activities contributed significantly: Financial and insurance activities, Construction, Trade, Professional, and scientific-technical.

Declines were registered in Manufacturing, Mining and quarrying, Information and communication activities.