Geostat: GDP Growth 5.8% in August

Georgia’s real GDP grew by 5.8% year-on-year in August, according to preliminary data released by the National Statistics Office (Geostat) on September 30.

According to the report, in August, real growth was registered in the following sectors: construction, transport, other community, social and personal service activities, trade, manufacturing, hotels and restaurants.

A decrease was reported in mining and quarrying and in electricity, gas and water supply.

An average estimated real GDP growth equaled 5% for the first eight months of 2019.

The estimated annual growth of real GDP stood at 4.8% in 2018.

The government forecasts 4.5% economic growth in 2019.

This post is also available in: ქართული (Georgian) Русский (Russian)


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