Georgia’s GDP Up by 7.5% in 2023
On March 20, the National Statistical Service of Georgia (Geostat) published preliminary data showing that in 2023, the country’s real gross domestic product (GDP) increased by 7.5% compared to the previous year, reaching 80.25 billion GEL at current prices.
According to Geostat, the following sectors made a significant contribution to GDP growth: wholesale and retail trade; repair of motor vehicles and motorcycles (13.6%); construction (17.2%); information and communication (27.4%); public administration and defense, compulsory social security (13.7%); transportation and storage (13.3%); education (18.9%); professional, scientific and technical activities (19.1%); manufacturing (3.3%); and financial and insurance activities (7.1%).
In the same period, a decrease was noted in the following sectors: human health and social work activities (-15.4%); real estate activities (-2.5%); and agriculture, forestry and fishing (-2.8%).
Also Read:
- 29/02/2024 – Georgia’s GDP Up by 5.8% in January 2024
- 31/01/2024 – Georgia’s GDP Up by 8.3% in December 2023
- 29/12/2023 – Georgia’s GDP Up by 5.9% in November 2023
- 30/11/2023 – Georgia’s GDP Up by 6.2% in October 2023
- 22/03/2023 – Georgia’s GDP Up by 10.1% in 2022
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