The nominal gross domestic product (GDP) amounted to 49.40 billion GEL in 2020, up by 0.3% YoY, while the real growth of GDP reduced by 6.2%, preliminary data from the National Statistics Office of Georgia showed.
The largest shares of GDP by activity were held by: wholesale and retail trade; repair of motor vehicles and motorcycles (14.5%), real estate activities (11.7%), manufacturing (10.8%), construction (8.9%), agriculture, forestry and fishing (8.4%), public administration and defense; compulsory social security (7.4%), transportation and storage (5.9%) and financial and insurance activities (4.9%).
Real growth was registered in human health and social work activities (7.9%), agriculture, forestry and fishing (3.6%), education (3.1%), public administration and defense; compulsory social security (1.8%) and other service activities (7.1%).
A decrease in the real value-added was recorded in accommodation and food service activities (-37.9%), transportation and storage (-22.3%), wholesale and retail trade; repair of motor vehicles and motorcycles (-5.6%), arts, entertainment and recreation (-18.9%), administrative and support service activities (-37.9%), professional, scientific and technical activities (-18.4%), construction (-4.7%) and financial and insurance activities (-5%). (Agenda/Business World Magazine)