![](https://civil.ge/wp-content/uploads/2023/08/thumbnail_gdp_growth.png)
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Georgia’s GDP Up by 5.5% in July 2023
Georgia’s estimated real Gross Domestic Product (GDP) growth rate amounted to 5.5 % for July
2023 compared to the corresponding period of the previous year, according to the rapid estimates released by the National Statistics Office of Georgia on August 31.
![](https://civil.ge/wp-content/uploads/2023/08/thumbnail_gdp_change_july-1024x1024.png)
According to Geostat, the following activities contributed significantly to growth: financial and insurance activities, construction, trade, professional, and scientific-technical activities.
Declines were registered in manufacturing, mining and quarrying, information and communication
activities.
According to Geostat, the average real GDP growth for January-July 2023 equaled 7.2%.
- Also Read:
- 31/07/2023 – Georgia’s GDP Up by 7.7% in June 2023
- 30/06/2023 – Georgia’s GDP Up by 7.0% in May 2023
- 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