According to preliminary estimates, Georgia’s economy grew by 7.2% in the II quarter

07/09/2022

17:17

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According to preliminary estimates, the Georgian economy grew by 7.2% in the second quarter of 2022, while in the first quarter, compared to the corresponding period of the previous year, real gross domestic product increased by 14.9%, which implies a 20.3%-increase compared to the first quarter of 2019.

According to the Ministry of Finance of Georgia, in the first quarter of 2022, the following industries made a significant contribution to the economic growth:

Accommodation and food supply-related activities: 70.3%;

Electricity and gas supply: 54.7%;

Arts, entertainment and recreation: 47.6%;

Transport and warehousing: 29.4%;

Healthcare: 18.8%;

Education: 18.2%;

Manufacturing industry: 13.2%;

Wholesale and retail trade; car and motorcycle repair: 8.9%;

Real estate-related activities: 7.4%.

As explained by the Ministry of Finance of Georgia, the following sectors made a significant contribution to the decline in the economic activity:

Activities of households as employers: -7.0%.

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