Geostat: In the IV quarter of 2023, the growth of the real gross domestic product amounted to 6.9%

According to Geostat data, in the IV quarter of 2023, the volume of gross domestic product at current prices is 22,321.7 millionGEL, and compared to the corresponding period of the previous year, the growth of the real gross domestic product was 6.9 percent.

According to their own report, the percentage change of the gross domestic product deflator in the IV quarter of 2023 was determined by 0.7 percent."In the fourth quarter of 2023, the following industries made a significant contribution to growth: wholesale and retail trade; automobile and motorcycle repair (9.4 percent), information and communication (25.9 percent), education (30.4 percent), transportation and warehousing (17.7 percent), government and defense; Compulsory social security (16.8 percent), activities related to real estate (9.9 percent).

The decline was noted in the following sectors: agriculture, forestry and fishing (-8.1 percent), electricity, gas, steam and air conditioning (-10.6 percent), health care and social service activities (-4.5 percent).Trade (16.7 percent) and real estate-related activities (10.2 percent) have the largest shares in the sectoral structure of the GDP. The following positions are occupied by manufacturing industry (9.5 percent), construction (9.2 percent), state administration (6.8 percent), information and communication (6.5 percent), transport and warehousing (6.4 percent), education (5.2 percent)," the information says.