Preliminary Data Shows 2.9% Real Economic Growth in Q4 of 2015

TBILISI – Real year-on-year growth in Georgia’s GDP amounted to 2.9 per cent in the last quarter of 2015, according to preliminary data published by the National Statistics Office of Georgia (Geostat).

According to statistics, nominal GDP totalled GEL 8.785 billion.

The largest shares of GDP – by activity – include trade services at 16.9 per cent and industry at 16.2 per cent.

These were followed by public administration at 11.6 per cent; transportation and communication services with 9.2 per cent; construction, 8.5 percent; agriculture; hunting and forestry, fishing at 7.9 per cent, real estate, rent and business activities, 7.0 per cent and health and social work, 5.5 per cent.

Real growth was registered in mining and quarrying, 23.5 per cent; construction, 12.2 per cent; social and personal service activities, 8.9 per cent; hospitality, 8.8 per cent; real estate, 8.5 per cent; financial intermediation, 8.4 per cent and communications, 7.4 per cent).

Newly adjusted data will be published on 15 November.

By Ana Akhalaia

Edited by Nicholas Waller