Real GDP growth accelerated to 7.5% year-on-year in the third quarter of 2011, after annual increase of 4.7% in the second quarter, according to preliminary figures released by the Georgian state statistics office, Geostat, on December 19.

January-September real GDP growth was 6.2% year-on-year, Geostat said.

Industrial sector and trade made over third of the country’s GDP in the third quarter with 18.3% and 17.2%, respectively, followed by transport and communication sector with 11% and share of government spending was 12.2%; agriculture – 9.3%; construction – 7.3%.

Financial sector grew 24% y/y in the third quarter and mining sector contracting 6.2% in the same period after 13.6% contraction in the second quarter of 2011.