Georgia’s real GDP increased by 10.6% in 2021, according to rapid estimates released by the National Statistics Office (Geostat) on January 31.
Geostat also reported that real GDP rose by 9.6% year-on-year in December 2021.
Geostat said growth was registered in manufacturing; transportation and storage; trade; hotels and restaurants; electricity, gas, steam and air conditioning supply; real estate activities; arts, entertainment and recreation.
A decline was registered in construction, according to the rapid estimates.
In 2020, Georgia’s real GDP declined by 6.8% compared to the previous year. This means Georgia’s GDP in 2021 has increased by 3% compared to 2019.
NB: This article was updated with Geostat’s revised estimates for 2020.
- Georgia’s Foreign Trade Up 25.6% in 2021
- Annual Inflation Hits 13.9% in December
- Q3’21 GDP Up by 9.1%