Geostat: GDP Growth 5.2% in 2019 – Preliminary Data

Georgia’s average growth of real Gross Domestic Product (GDP) in 2019 equaled 5.2%, according to preliminary data released by the National Statistics Office (Geostat) on January 31.

Geostat also reported that real GDP grew by 3.8% in December 2019 compared to the same period of 2018. 

According to the report, in December, real growth was registered in the following sectors: manufacturing; transport and storage; wholesale and retail trade; repair of motor vehicles and motorcycles; hotels and restaurants.

A decrease was reported in construction sector.

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

The government had forecast 4.5% annual GDP growth in 2019.

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