According to the updated data, the volume of gross domestic product in 2021 at current prices equaled GEL 60,003.3 million, which is 21.8% higher than the corresponding figure of the previous year. The growth of real gross domestic product in 2021 compared to the previous year amounted to 10.5%. The percentage change in the GDP deflator as of 2021 was set at 10.3%.
In addition, the Geostat noted that “wholesale and retail trade has the largest share in the sectoral structure of the gross domestic product; repair of automobiles and motorcycles (15.4 %) and processing industry (11.3 %). Further positions are occupied by activities related to real estate (10.2 %), construction (7.5 %), rural forestry and fish farming (7.4%), public administration and defense; compulsory social security (6.5%), transport and warehousing (6.3%), financial and insurance activities (5.2%), health and social service activities (4.8%) and education (4.7%).
As explained by the Geostat, in 2021 compared to the corresponding period of the previous year, the following sectors made a significant contribution to the economic growth: wholesale and retail trade; automobile and motorcycle repair (12.4 %), transportation and warehousing (28.9 %), arts entertainment and recreation (47.2 %), health and social service activities (29.3 %), finance and insurance activities (21.2 %), supply of electricity gas steam and conditioned air (44.4 %), real estate related activities (8.7%), information and communication (30.1 percent), accommodation and food service activities (34.0%). A decrease was noted in the field of construction (-23.9 %).