• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

Geostat: Georgian Economy Grows 11.2% in January-May

by Georgia Today
June 30, 2022
in Business & Economy
Reading Time: 1 min read
Geostat: Georgian Economy Grows 11.2% in January-May

The estimated real Gross Domestic Product (GDP) growth rate in May 2022 amounted to 11.6% YoY and 11.2% in January-May of 2022 YoY, the National Statistics Office of Georgia reports.

The agency says in May 2022 the estimated real growth compared to the same period of the previous year was revealed in almost all sectors.

Significant contributions to real GDP growth was observed in the following activities: transportation and storage, electricity, gas, steam and air conditioning supply, hotels and restaurants, manufacturing, construction, mining and quarrying.

At the same time, Geostat says, the consumer price index is 113.3 compared to the corresponding month of the previous year and 101.1 compared to the previous month. Regarding the producer price index for industrial products, it is 114.2 compared to the corresponding month of the previous year and 98.8 compared to the previous month.

Regarding the business statistics: Number of newly registered enterprises (unit) 6930; Change of newly registered enterprises (YoY. %) 93.5; Value Added Tax (VAT) payers’ turnover used in rapid estimates of economic growth (mil. GEL) 10,446.7; Growth of VAT payers’ turnover used in rapid estimates of economic growth (YoY. %) 25.3.

Tags: Georgian EconomyGeostat
ShareShareTweet

Related Posts

Lari slightly strengthens against GBP, weakens vs Euro
Business & Economy

Lari slightly strengthens against GBP, weakens vs Euro

June 30, 2025
Business & Economy

June 30, 2025
Georgia’s economy grows 7.5% in May, driven by services
Business & Economy

Georgia’s economy grows 7.5% in May, driven by services

June 30, 2025

Recommended

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

2 months ago
Experience Seamless Connectivity with Silknet eSIM in Georgia

Experience Seamless Connectivity with Silknet eSIM in Georgia

1 year ago
Champion Karateka Luka Khvedeliani on the Benefits of Georgian Karate for Georgia’s Youth

Georgia to Celebrate First Europe Day with European Union Candidate Status

1 year ago
Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

3 years ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

3 years ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

3 years ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

3 years ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

3 years ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

European Court of Human Rights begins consideration of Mzia Amaglobeli’s case

Amendments: Only high council of justice to decide on courtroom recording

Norwegian MFA: Arrests of Georgian opposition leaders are unprecedented attack on democracy

Prosecutor charges Poet Zviad Ratiani with assaulting officer

French Minister for European Affairs: Repression of the opposition in Georgia is unacceptable

US-brokered ceasefire calms flames in Israel‑Iran crisis, but situation is fragile – what’s at stake

Trending

Experience Seamless Connectivity with Silknet eSIM in Georgia
Business & Economy

Experience Seamless Connectivity with Silknet eSIM in Georgia

by Georgia Today
June 26, 2024

Why Silknet's eSIM could be your top choice in Georgia  Since its introduction, eSIM technology has become...

Photo by the author

Virtuosity and Versatility: Marc-André Hamelin Opens Tbilisi Piano Festival 2024

May 30, 2024
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2024 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2024 © Georgia Today