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Geostat: GDP Declined by 5.8% in First Half of 2020

Georgia’s real GDP shrank by 5.8% year-on-year in the first six months, according to preliminary data released by the National Statistics Office, Geostat, on July 31.

In the second quarter, GDP declined by 12.6% year-on-year.

The corresponding year-on-year figure for June stood at – 7.7%, according to Geostat.

In June real growth was negative in almost all activities, other than Mining and quarrying and Water supply, sewerage, waste management and remediation activities, Geostat added.

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


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