29 November 2024,   16:51
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The estimated real GDP growth rate amounted to 11% for October 2024 compared to 2023 - GeoStat

The estimated real Gross Domestic Product (GDP) growth rate amounted to 11% for October 2024 compared to previous year and the average real GDP growth for January-October 2024 equaled 10%, reads the report of GeoStat.

In October 2024, compared to the same period of the previous year, the estimated real growth in following activities contributed significantly: Construction, Manufacturing, Financial and insurance activities, Information and Communication, Transportation and storage, Trade.

GeoStat produces monthly rapid estimates of real GDP growth rate using administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics. Compilation of rapid estimates is an internationally adopted practice to obtain preliminary monthly growth rate of real GDP.

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