Georgia’s GDP Up by 7.8% in 2023
On November 15, the National Statistical Service of Georgia (Geostat) published adjusted data showing that in 2023, the country’s real gross domestic product (GDP) increased by 7.8% compared to the previous year, reaching 80.889 billion GEL (USD 29.687 billion) at current prices.
According to Geostat, the following sectors made a significant contribution to GDP growth: information and communication (27.5%); education (18%); wholesale and retail trade; repair of motor vehicles and motorcycles (17.8%); construction (15%); public administration and defense, compulsory social security (15.6%); transportation and storage (12.3%).
In the same period, a decrease was noted in the following sectors: real estate activities (2%); agriculture, forestry, and fishing (3.4%); and mining and quarrying (19.6%).
Also Read:
- 31/10/2024 – Georgia’s GDP Up by 8.3% in September 2024
- 30/09/2024 – Georgia’s GDP Up by 12% in August 2024
- 18/09/2024 – Georgia’s GDP Up by 9.6% in Q2’24
- 30/08/2024 – Georgia’s GDP Up by 13% in July 2024
- 31/07/2024 – Georgia’s GDP Up by 7.5% in June 2024
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