Exciting Economic Growth in Georgia: First Quarter Report
Georgia’s economy is booming with a 8.4 percent growth in GDP during the first three months of 2024, reaching 18.9 billion lari ($6.8 billion). According to the National Statistics Office of Georgia (Geostat), GDP per capita hit 5.1 billion lari, reflecting a positive trend in the country’s economic performance.
The sectors driving this growth include education, real estate, public administration, defense, information and communications, and construction. However, a slight decline was observed in the supply of gas, electricity, steam, air conditioning, and mining.
Trade, manufacturing, and real estate operations continue to dominate Georgia’s GDP structure. Last year, the nominal GDP stood at 80.2 billion lari ($28.9 billion), showcasing steady progress in the country’s economic landscape.
For more updates on Georgia’s economic developments, follow Trend News Agency on their WhatsApp channel.