Last year, Georgia's economy grew by 9.4%, reaching 91.9 billion GEL in current prices. The largest share of the Georgian economy falls on the trade sector with a 15% share, followed by real estate-related activities with a 9.9% share, and manufacturing with a 9.3% share.

Sakstat reports that in 2024, the education sector led in growth rate of 29.1%, contributing 4.6 billion GEL to GDP. The information and communication sector, which includes the IT sector, is the second with a growth rate of 24.3%. Public administration and defense are third with a growth rate of 17.9%.

Types

of economic activities

Size

of economic sectors in 2024

Sector

growth/decline rate in 2024

Wholesale

and retail trade; repair of motor vehicles and motorcycles

12.2

billion GEL

6.7%

Real

estate activities

7.9

billion GEL

1.7%

Processing

industry

7.5

billion GEL

2.1%

Construction

6.7

billion GEL

14.2%

State

administration and defense; compulsory social security

5.6

billion GEL

17.9%

Information

and communication

5.1

billion GEL

24.3%

Agriculture,

forestry and fisheries

5.0

billion GEL

4.4%

Transport

and storage

4.7

billion GEL

8.3%

Education

4.6

billion GEL

29.1%

Financial

and insurance activities

4.2

billion GEL

14.9%

Accommodation

and food service activities

3.3

billion GEL

8.1%

Arts,

entertainment and recreation

3.3

billion GEL

16.4%

Health

and social service activities

3.0

billion GEL

7.5%

Electricity,

gas, steam and conditioned air supply

2.0

billion GEL

-8.3%

Professional,

scientific and technical activities

1.9

billion GEL

14.1%

Administrative

and support service activities

913

million GEL

17.8%

Other

types of services

790

million GEL

1.1%

Mining

industry

720

million GEL

7.4%

Water

supply; sewerage, waste management and pollution cleanup

activities

593

million GEL

9.0%

Activities

of households as employers; production of undifferentiated goods

and services by households for own consumption

95

million GEL

4.1%