GEOSTAT: Economy Grew by 5.2% in 2019

Georgia’s economy grew by 5.2% in 2019, the preliminary data of Geostat, the Office of National Statistics, says. 

As the Chief Executive Officer of the National Statistics Office of Georgia, Gogita Todradze, said at a briefing on Georgia’s economic growth, the economy grew by 3.8% in December 2019, with a 12-month average real growth rate of 5.2% (due to preliminary data).

Todradze added that in December 2019, compared to the same period the previous year, growth was observed in the processing industry, transport, trade, hotel and restaurant sectors. Yet there was a decreasing trend in the construction sector.

“Exports of goods amounted to $3,771.5 million in January-December 2019, and imports totaled $9,063.2 million”, Todradze said.

The National Statistics Office is an agency in charge of national statistics and responsible for carrying out population, agricultural and other censuses in Georgia. Its head office is located in Tbilisi. 

Georgia is hoping for faster growth primarily through a continued effort to enhance infrastructure, boost support for entrepreneurship and improve professional education.