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GDP Grew 4.9% in First Half 2019 – Preliminary Data

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Georgia’s real GDP grew by 4.9% year-on-year in the first six months, according to preliminary data released by the National Statistics Office, Geostat, on July 31.

The corresponding year-on-year figure for June stood at 5%, according to Geostat.

In June real growth was registered in the following sectors: manufacturing, real estate and other operations, construction, trade, transport, hotels and restaurants. A decrease was reported in the financial activities.

The estimated annual GDP growth stood at 4.8% in 2018. The government forecasts 4.5% annual economic growth in 2019.

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