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Geostat: GDP Growth 5.7% in October

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Georgia’s real GDP grew by 5.7% year-on-year in October, according to preliminary data released by the National Statistics Office (Geostat) on November 29.

According to the report, real growth was registered in the following sectors: manufacturing; hotels and restaurants; information and communication.

A decrease was reported in mining and quarrying; arts, entertainment and recreation activities.

An average estimated real GDP growth equaled 5.1% for the first ten 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.

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

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