Geostat: GDP Growth 4.8% in 2018 – Preliminary Data

Georgia’s real GDP grew by 5.6% in December 2018 compared to the same period last year, according to the preliminary data released by the state statistics office, Geostat, on January 31.

According to the report, in December, real growth was registered in the following sectors: manufacturing, construction, hotels and restaurants, real estate, renting and business activities.

A decrease was reported in electricity, gas and water supply, transport and financial intermediation.

Geostat also reported that the average growth of real GDP in 2018 equaled 4.8%.

The government forecasts 4.5% economic growth in 2019.

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