Georgia’s estimated real Gross Domestic Product (GDP) growth rate amounted to 6.2% for October
2023 compared to the corresponding period of the previous year, according to the rapid estimates released by the National Statistics Office of Georgia on November 30.
Source: GeostatAccording to Geostat, the following activities contributed significantly to growth: financial and insurance activities; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage.
Declines were registered in manufacturing and real estate activities.
According to Geostat, the average real GDP growth for January-October 2023 equaled 6.9%.
Also Read:
- 31/10/2023 – Georgia’s GDP Up by 5.1% in September 2023
- 29/09/2023 – Georgia’s GDP Up by 5.8% in August 2023
- 18/09/2023 – Geostat: Q2’23 GDP Up by 7.5%
- 31/08/2023 – Georgia’s GDP Up by 5.5% in July 2023