Geostat: Georgia’s GDP Declined by 6.1% in 2020

Georgia’s real GDP contracted by 6.1% in 2020, according to rapid estimates released by the National Statistics Office (Geostat) on January 29.

Geostat also reported that real GDP declined by 7.9% year-on-year in December 2020.

Despite the overall decline, Geostat said in December growth was registered in financial and insurance activities; water supply, sewage and waste management; information and communication; mining and quarrying.

Also Read:

• Geostat: Real GDP Growth 5.0% in 2019

• Geostat: Georgia’s GDP Declined by 7.7% in November

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