Georgia's GDP up by 5.6% in December

The estimated real Gross Domestic Product (GDP) growth rate in December 2018 equaled 5.6%, while the real GDP average growth amounted 4.8% for 2018 y-o-y.

The statistics were released by the National Statistics Office of Georgia (Geostat) on January 31.

The information reads that in December 2018, estimated real growth, compared to the same period of the previous year, was posted in the following activities: Manufacturing, Construction, Hotels and restaurants, Real estate, renting and business activities.

A decrease was registered in Electricity, gas and water supply, and Transport and Financial intermediation.

Geostat produces monthly rapid estimations of real GDP growth rate using administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics.

By Thea Morrison