ECONOMY

Georgian  economy grows 5% in June 2019

31.07.19 15:40


The Georgian GDP has increased 5% in June 2019, show the latest data from the National Statistics Office of Georgia (Geostat).

 

Geostat reports that GDP has grown 4.9% overall in January - June 2019.

 

Geostat Director Gogita Todradze said the financial sector observed a decrease in June while all the other sectors experienced growth including transport, real estate, hotel and restaurants and construction.

 

Geostat Director Todradze said exports have grown 11.5% in January - June 2019, reaching 1,775,400,000 USD.

 

"Meanwhile imports have dropped to 4,192,900,000 USD (4.9%),” Gogita Todradze said.

 

Geostat data show that 3,893 new enterprises were registered in June, which is 2% less than the data from June 2018.

 

 

source: AGENDA/ agenda.ge

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