Georgia's GDP grew by 4.7% in 2018


The National Statistics Office of Georgia published updated data, according to which the country's GDP grew by 4.7% in 2018, slowing down compared with a 4.8% rise in 2017. The nominal GDP of 41 billion 77.5 million lari exceeded its volume in 2017 by 8.5%. The share of trade and industry accounted for 17% of GDP. At the same time, the financial sector demonstrated the most significant growth - by 13.5%. It is followed by the sphere of public and social services with a growth rate of 13.2%. Growth has also been noted in the hotel and restaurant business, mining, commerce and other areas. At the same time, a decrease of 3.1% was shown by the construction sector. The Georgian government estimates that the country's economy will grow by 4.5% in 2019.

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