The estimated real gross domestic product (GDP) declined by 16.6% YoY in April, the National Statistics Office of Georgia (Geostat) reported.
GDP declined by 3.6% in the first four months of 2020.
In April, the estimated real growth compared to the same period of the previous year was posted negative in almost all activities, while growth was registered in mining and quarrying.
Georgian external trade turnover decreased to $3.46 billion (by 11.8%) from January through April.
In the reporting period, the value of exports decreased by 11.9% and reached $1 billion, while imports decreased by 11.8% and amounted to $2.46 billion.
Geostat’s data showed that 307 new enterprises were registered in Georgia in April, down by 92.9% YoY. (Trend/Business World Magazine)