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.