The estimated real Gross Domestic Product (GDP) growth rate in July 2021 equaled 9.9% YoY and 12.2% in January-July of 2021 YoY, the preliminary data prepared by the National Statistics Office of Georgia (Geostat) shows.
In July, the estimated real growth compared to the same period of the previous year was observed in the following activities: Financial and Insurance Activities, Manufacturing, Hotels and Restaurants, Transportation and Storage, Trade.
A decline was registered in Construction, Mining and quarrying.
Based on the preliminary data from Geostat, the Georgian economy shrank by 6.2% in 2020.
By Ana Dumbadze
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