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In the II quarter of 2023, the volume of the gross domestic product at current prices equaled GEL 19,280.8 million., and compared to the corresponding period of the previous year, the growth of the real gross domestic product amounted to 7.5 percent. The percentage change of the GDP deflator in the II quarter of 2023 was determined by 2.0 percent.
In the II quarter of 2023, the volume of the gross domestic product at current prices equaled GEL 19,280.8 million., and compared to the corresponding period of the previous year, the growth of the real gross domestic product amounted to 7.5 percent. The percentage change of the GDP deflator in the II quarter of 2023 was determined by 2.0 percent.
In the second quarter of 2023, the following sectors made a significant contribution to the economic growth: wholesale and retail trade; automobile and motorcycle repair (14.6 percent), construction (22.7 percent), education (19.6 percent), information and communication (20.2 percent), government and defense; compulsory social security (11.1 percent), transport and warehousing (6.8 percent), administrative and support service activities (42.8 percent).
A decrease was noted in the following sectors: agriculture, forestry and fishing (-7.1 percent), processing industry (-2.8 percent), electricity, gas, steam and air conditioning supply (-7.0 percent).
Trade (15.5 percent) and real estate-related activities (10.6 percent) have the largest shares in the sectoral structure of the GDP. The following positions are occupied by manufacturing industry (8.9 percent), construction (7.7 percent), agriculture, forestry and fishing (7.7 percent), public administration (6.9 percent), transport and warehousing (6.0 percent), education (5.3 percent).
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