Georgia's economy up by 5.8% in August

The estimated real Gross Domestic Product (GDP) growth rate amounted 5.8 percent for August 2023 year-over-year and the average real GDP growth for January-August 2023 equaled 7.0 percent, the National Statistics Service (GeoStat) reported.

In August 2023, compared to the same period of the previous year, the estimated real growth in the following activities contributed significantly: Financial and insurance activities, Construction, Manufacturing, and Trade.

Declines were observed in Real estate activities, Transportation and storage, and Information and communication activities.