Georgian Economy Shrank by 3.9% in October

"Georgia's economy shrank by 3.9% in October," said Gogita Todradze, executive director of the National Statistics Office.

Based on the latest data by the National Statistics Office of Georgia (Geostat), the estimated real Gross Domestic Product (GDP) declined by 3.9% in October 2020 YoY and by 5.1% in the first ten months of 2020 YoY. 

Based on the same source, in October 2020 the estimated real growth compared to the same period of the previous year was posted negative in almost all activities, other than financial and insurance activities.

See the full report by Geostat here 

By Ana Dumbadze 

30 November 2020 11:42