Georgia’s GDP Up 8.3% in October 2022

Georgia’s real Gross Domestic Product (GDP) increased by 8.3% year-over-year in October 2022, according to rapid estimates released by the National Statistics Office (Geostat) on 30 November.

Geostat said growth was observed in construction; transportation and storage; financial and insurance activities; mining and quarrying; hotels and restaurants; arts, entertainment, and recreation.

Meanwhile, a decline was seen in manufacturing and real estate activities.

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