GeoStat: GDP grew by 7% in 2023
GeoStat: GDP grew by 7% in 2023

The estimated real Gross Domestic Product (GDP) growth rate amounted to 8,3% year-on-year for December 2023 and 7,0% in 2023 compared to the previous year, the National Statistics Service (GeoStat) reported.

In December 2023, there was a notable increase in real growth in construction, manufacturing, financial and insurance activities, as well as information and communication sectors, compared to the same period of the previous year.

Activities in the energy and real estate industries showed a downward trend.