ECONOMY

Jan 2020: Georgian economy grows 5.1%

28.02.20 14:25


In Georgia, the estimated real gross domestic product (GDP) growth rate in January 2020 equaled 5.1 percent year-on-year, announces the National Statistics Office of Georgia.

 

Last month estimated real growth compared to the same period of the previous year was posted in the following activities:

 

Transport and storage
Construction
Real estate activities
Accommodation and food service activities
Wholesale and retail trade; repair of motor vehicles and motorcycles
Information and communication
Electricity, gas, steam and air conditioning supply
Manufacturing
A decrease was registered in mining and quarrying.

 

Georgian external trade turnover increased to $882.5 million (5.7 percent higher y/y) in January-2020.

 

Last month the value of exports increased by 10 percent and reached $262.6 million, while imports also increased by four percent and amounted to $619.8 million.

 

Geostat data show that 3,698 new enterprises were registered in January 2020, which is a 14.6 percent increase compared to January 2019.

 

 

 

source: 1TV

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