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GDP growth

Georgia’s GDP Declined by 12.3% in Q2 of 2020

1 min read

The FINANCIAL — National Statistics Office of Georgia published data of Gross Domestic Product of Georgia (2020 II quarter, preliminary data). In Q2 2020 the nominal GDP amounted to GEL 11 210.0 million. The real Gross Domestic Product (GDP) declined by 12.3 percent YoY, while the GDP deflator increased by 6.3 percent. Geostat also released data on the number of decreases in the real value-added of various activities: repair of motor vehicles and motorcycles – 13.2% decrease; construction – 24.5% decrease; accommodation and food service – 40% decrease; transportation and storage – 22.6% decrease; manufacturing – 12.1% decrease; professional, scientific,…

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Georgia’s GDP Declined by 12.3% in Q2 of 2020

1 min read

The FINANCIAL — National Statistics Office of Georgia published data of Gross Domestic Product of Georgia (2020 II quarter, preliminary data). In Q2 2020 the nominal GDP amounted to GEL 11 210.0 million. The real Gross Domestic Product (GDP) declined by 12.3 percent YoY, while the GDP deflator increased by 6.3 percent. Geostat also released…