ECONOMY

Geostat: in the first quarter, the volume of the gross domestic product at current prices equaled 18,913.2 million GEL, and compared to the corresponding period of the previous year, the growth of the real gross domestic product amounted to 8.4%

19.06.24 12:02


According to the National Statistics Service, in the first quarter of 2024, the volume of gross domestic product at current prices is 18,913.2 million. equaled GEL, and compared to the corresponding period of the previous year, the growth of the real gross domestic product amounted to 8.4 percent.

 

According to Geostat, the percentage change of the gross domestic product deflator in the first quarter of 2024 was determined by 3.1 percent.

 

"In the first quarter of 2024, the following sectors made a significant contribution to growth: activities related to real estate (18.8 percent), education (29.1 percent), public administration and defense; Compulsory social security (13.0 percent), construction (10.3 percent), information and communication (12.2 percent), transport and warehousing (9.7 percent). A decrease was noted in the following sectors: supply of electricity, gas, steam and air conditioning (-11.6 percent), other services (-11.2 percent), mining industry (-1.8 percent).

 

Trade (13.5 percent) and real estate-related activities (11.1 percent) have the largest shares in the sectoral structure of the GDP. The following positions are occupied by the processing industry (9.2 percent), state administration (8.3 percent), construction (7.5 percent), education (6.6 percent), financial and insurance activities (6.0 percent), information and communication (5.9 percent)", - Geostat noted.

 

 

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