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Georgia’s GDP Up by 7.0% in May 2023
Georgia’s real Gross Domestic Product (GDP) grew by 7% in May 2023, compared to the corresponding period of the previous year, according to the rapid estimates released by the National Statistics Office of Georgia on June 30.
![](https://civil.ge/wp-content/uploads/2023/06/GDP-Georgia-1024x910.png)
Geostat said that growth was observed in construction, information and communication, trade, transportation and storage, and financial and insurance activities.
A decline was registered in manufacturing and real estate activities.
According to Geostat, the average growth rate for January-May 2023 is 7.5%.
Also Read:
- 19/06/2023 – Geostat: Q1’23 GDP Up by 7.7%
- 31/05/2023 – Georgia’s GDP Up by 7.5% in April 2023
- 28/04/2023 – Georgia’s GDP up 7.3% in March 2023
- 03/04/2023 – Georgia’s GDP Up 5.8% in February 2023