Georgia's economy in 2019 increased by 5.2%

EPA-EFE/ZURAB KURTSIKIDZE

Moscow, January 31 – “News.Economy.” The growth of the Georgian economy in 2019 amounted to 5.2%, said the National statistics service.

Georgia’s GDP in December 2019 increased according to preliminary data by 8% compared with the indicator of December 2018.

In the fourth quarter of 2019. Georgia’s GDP increased by 5.3% compared to the same period of 2019.

According to statistics office, in December last year, there was a growth in the processing industry, in transport and storage, wholesale and retail trade, hotels and restaurants.

At the same time in the construction industry saw a decline.

The budget of Georgia in 2019 the country’s GDP growth was planned at 4.5%. At the same level (4,5%) projected growth in 2020 in 2021, the Georgian government predicts acceleration of GDP growth to 5%.

In 2018, the GDP of Georgia, as in the previous year, increased by 4.8%. Text: News.Economy