Gross Domestic Product of Georgia IV Quarter, 2017 amounted to 5.4 percent

Gross Domestic Product of Georgia IV Quarter, 2017 amounted to 5.4 percent

Gross Domestic Product of Georgia IV Quarter, 2017 amounted to 5.4 percent

The FINANCIAL -- In Q4 2017 the real growth rate of Gross Domestic Product (GDP) amounted to 5.4 percent year-on- year, while the GDP deflator increased by 6.1 percent. The nominal GDP totaled GEL 10 572.3 million.

Real growth was registered in the following activities: Financial Intermediation (15.4 percent), Transport (10.6 percent), Construction (9.5 percent), Manufacturing (9.4 percent), Hotels and Restaurants (9.2 percent), Wholesale and Retail Trade; Repair of Motor Vehicles, Motorcycles and Personal and Household Goods (6.9 percent), Mining and Quarrying (6.1 percent), Real Estate, Renting and Business activities (5.0 percent), Other community, Social and Personal Service activities (4.6 percent), Education (4.5 percent).

A decrease in the real value-added occurred in Processing of Products by Households (-4.2 percent), Agriculture, Hunting and Forestry; Fishing (-2.5 percent), according to GeoStat.

The largest shares of GDP by activity are held by Trade services (17.8 percent) and Industry (16.8 percent), followed by Public administration (10.7 percent), Construction (9.0 percent), Transport and Communication (9.0 percent), Real estate, Renting and Business activities (7.5 percent), Agriculture, Hunting and Forestry; Fishing (6.9 percent), Health and Social work (5.5 percent).