GDP declined by 5.5 % in July 2020 YoY
GDP declined by 5.5 % in July 2020 YoY

Estimated real Gross Domestic Product (GDP) declined by 5.5 percent in July 2020 Year-Over-Year and by 5.8 percent in the first seven months of 2020 Year-Over-Year, said National Statistics Office of Georgia.

In July 2020 the estimated real growth compared to the same period of the previous year was posted negative in almost all activities. Growth was registered in Mining and quarrying and Manufacturing.