05 December 2022,   04:40
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The real growth of GDP increased by 10.4% - GeoStat

Based on preliminary estimates the nominal Gross Domestic Product (GDP) amounted 60 231.6 million GEL in 2021, up by 22.3% YoY, while the real growth of GDP increased by 10.4%. In 2021 GDP deflator percentage change equaled 10.8% YoY, reads the report of GeoStat.

The largest shares of GDP by activity are held by Wholesale and retail trade; repair of motor vehicles and motorcycles (16.6%) and Manufacturing (11.7%), followed by Real estate activities (10.2%), Construction (8.0%), Agriculture, forestry and fishing (7.0%), Public administration and defence; compulsory social security (6.5%), Transportation and storage (6.2%), Financial and insurance activities (5.2%), Human health and social work activities (4.8%).

Real growth was registered in Wholesale and retail trade; repair of motor vehicles and motorcycles (19.9%), Transportation and storage (27.6%), Arts, entertainment and recreation (43.1%), Human health and social work activities (28.7%), Financial and insurance activities (23.5%), Real estate activities (9.2%), Manufacturing (9.0%), Accommodation and food service activities (29.8 percent), Electricity, gas, steam and air conditioning supply (33.5 percent), Information and communication (23.9%), Mining and quarrying (13.5 percent). A decrease in the real value-added was recorded in Construction (-21.8%), Agriculture, forestry and fishing (-1.4%), Education (-2.3%), Public administration and defence; compulsory social security (-0.9 %)

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