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Geostat: 12% GDP growth in August, 10% average for 2024

by Mariam Razmadze
September 30, 2024
in Business & Economy, News
Reading Time: 1 min read
Geostat: 12% GDP growth in August, 10% average for 2024

Photo: Mtavari

Geostat published its preliminary estimates for 2024, which report that Georgia’s GDP, compared to 2023, increased by 12.0%.

The average growth rate amounted to 10.0% for the first eight months of 2024.

Primary sectors stimulating the growth include the professional, technological, and research-based fields, as well as construction, insurance and financial services, communication, and trade.

The report also illustrated a decrease in the energy sector.

Tags: 12% GDP growthGeostat
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