Georgia saw double-digit economic growth in June

Georgia saw double-digit economic growth in June

access_time2021-07-30 11:49:38

Estimated real Gross Domestic Product (GDP) growth rate in June 2021 stood at 18.7 percent YoY and 12.7 percent in January-June of 2021 YoY.

In June 2021 the estimated real growth compared to the same period of the previous year was observed in the following activities: Manufacturing, Financial and Insurance activities, Transportation and storage, Trade, Hotels and restaurants, Real estate activities, Construction. A decline was registered in mining and quarrying.

In June the consumer price index increased by 9.9% compared to the same period last year, while  the index of producer prices for industrial products increased by 15.7%. In  the first 6 months, the growth rate of exports exceeded 25%, imports increased by 18%, and the total foreign trade turnover increased by 20%.


Similar News

Construction Cost Index up 8.2 % in Q2

access_time 2021-09-23 15:36:08

Moody’s affirms Georgia ratings at Ba2

access_time 2021-09-21 10:00:47