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GDP of Georgia exceeds $15 B

Business Materials 25 December 2019 14:21 (UTC +04:00)

BAKU, Azerbaijan, December 25

By Tamilla Mammadova – Trend:

Gross Domestic Product (GDP) of Georgia at the prices for 2018 amounted to 44.5 billion lari ($15.5 billion) last year, Trend reports with reference to the report published by National Statistical Office of Georgia (Geostat) on December 25.

According to Geostat, the largest share of GDP by region belong to Tbilisi (51.7 percent), which is followed by Imereti (9.3 percent), Adjara (9 percent), Kvemo Kartli (7.8 percent) and Samegrelo-Zemo Svaneti (5.3 percent).

The largest share in value-added volume of Tbilisi is taken by repair of motor vehicles and motorcycles (20.7 percent), followed by real estate activities (12 percent) and construction (10.9 percent).

In Imereti, the primary sectors include manufacturing (13.4 percent), agriculture, forestry and fishing (11.5 percent), and real estate activities (11.2 percent).

Meanwhile, in Adjara, the third region of Georgia in terms of value-added volume, construction (16.6 percent), real estate activities (15.5 percent), and repair of motor vehicles and motorcycles (10.6 percent) represent the main spheres of economic activity.

Manufacturing (23.3 percent), agriculture, forestry and fishing (17.2 percent) and compulsory social security (10.6 percent) prevailed as main activities in Kvemo Kartli.

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