Gross Domestic Product of Georgia

Gross Domestic Product of Georgia

Gross Domestic Product of Georgia

The FINANCIAL -- In Q1 2018 the real growth rate of Gross Domestic Product amounted to 5.3 percent year-on- year, while the GDP deflator increased by 4.3 percent. The nominal GDP totaled GEL 9 150.2 million.

Real growth was registered in the following activities: Real Estate, Renting and Business activities (13.4 percent), Other Community, Social and Personal Service activities (13.4 percent), Mining and Quarrying (11.4 percent), Hotels and Restaurants (10.9 percent), Electricity, Gas and Water Supply (10.0 percent), Financial Intermediation (9.1 percent), Construction (8.7 percent), Manufacturing (6.6 percent), Education (5.2 percent), Wholesale and Retail Trade; Repair of Motor Vehicles, Motorcycles and Personal and Household Goods (5.1 percent).

According to geostat, a decrease in the real value-added occurred in Processing of Products by Households (-3.0 percent), Agriculture, Hunting and Forestry; Fishing (-2.2 percent).

The largest shares of GDP by activity are held by Trade services (16.9 percent) and Industry (16.6 percent), followed by Transport and Communication (10.3 percent), Construction (8.9 percent), Public Administration (7.9 percent), Agriculture, Hunting and Forestry; Fishing (7.5 percent) Real Estate, Renting and Business Activities (6.7 percent), Health and Social work (6.7 percent).