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

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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.

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