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Georgia Says Q3 GDP Growth at 6.7% y/y
Civil Georgia, Tbilisi / 25 Dec.'10 / 13:35

Georgia's real GDP grew 6.7% in the third quarter of 2010 y/y and 6.5% in first nine months y/y, according to preliminary figures, released by state statistic office, Geostat, on December 24.

Nominal GDP was GEL 5.39 billion in the third quarter, 17.5% increase y/y, according to Geostat.
 
Industry sector made 18% of the country’s GDP in the third quarter of this year, followed by trade – 16%; government spending – 12%; transport and communication – 12%; agriculture – 8% and construction – 7%.

Processing industry enjoyed with largest growth in the third quarter with 18.3%, followed by hotels and restaurants – 15.7%; transport services – 13.9%; financial sector – 12.2% and trade – 11.7%.

Agriculture sector suffered 1.8% contraction in the third quarter of 2010, according to Geostat.

Georgia’s economy contracted by 3.8% in 2009.

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