GeoStat: Georgia’s economy grows by 7.5% in April

The estimated real Gross Domestic Product (GDP) growth rate amounted to 7.5% for April 2023 compared to the previous year and the average real GDP growth for January-April 2023 equaled 7.3%, the Georgian National Statistics Service (GeoStat) reported.

In April 2023 the estimated real growth compared to the same period of the previous year was observed in the following activities: Construction, Financial and insurance activities, Transportation and storage, Information and communication, and Trade.

Declines were registered in Manufacturing and Real estate activities.

✅ Economic Growth in Georgia
April 2023 (Rapid Estimates) #Statistics
✔ The estimated real GDP growth amounted to 7.5% YOY
✔ Average real GDP growth in January-April 2023 – 7.3% YOY
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— Geostat (@Geostat100) May 31, 2023