BAKU, Azerbaijan, Sept. 30
Tamilla Mammadova – Trend:
The estimated real gross domestic product (GDP) growth rate in August 2021 amounted to 10.3 percent year-on-year and 12 percent from January through August of 2021 year-on-year, Trend reports via the data from the National Statistics Office of Georgia (Geostat).
Last month the following industries of the economy posted growth compared to the same period of the previous year:
- Manufacturing
- Financial and insurance activities
- Trade
- Electricity, gas, steam, and air conditioning supply
- Hotels and restaurants
- Transportation and storage
- Arts, entertainment, and recreation
A decline was registered in construction, mining, and quarrying.
Georgian Prime Minister Irakli Garibashvili said that the economic growth data of Georgia 'is unprecedented in the region' and it became possible to achieve high economic growth thanks to state programs such as Preferential Agro-Credit, Produce in Georgia, Plant the Future, and others.
He said that starting 2022, the government will implement larger programs and will invest 2.5 billion lari ($803.1 million) in the development of local production while 7 billion lari ($2.2 billion) will be invested in agriculture.
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