The nominal gross domestic product of Georgia amounted to GEL 71.75 billion ($27.87 billion) in 2022, marking a 10.1% real GDP growth year-on-year, data published by the National Statistics Office of Georgia on March 21 showed.
The release of figures also showed a 19.6% YoY increase of GDP and an 8.6% GDP deflator percentage change.
The largest shares in GDP by activity were displayed by: wholesale and retail trade; repair of motor vehicles and motorcycles (15.2%), manufacturing (11.1%), real estate activities (9.9%), construction (8%), agriculture, forestry and fishing (7%), transportation and storage (6.5%), public administration and defence; compulsory social security (6.4%), financial and insurance activities (4.9%), information and communication (4.7%).
Real growth was registered in: transportation and storage (+28.4%), information and communication (+49.9%), electricity, gas, steam and air conditioning supply (+38.9%), construction (+14.8%), wholesale and retail trade; repair of motor vehicles and motorcycles (+6.1%), manufacturing (+7.8%), arts, entertainment and recreation (+17.3%), accommodation and food service activities (+16.7%), mining and quarrying (+22.8%).
The office also said decreases in the real value-added had been recorded in real estate (-4.8%), human health and social work (-5.7%) and professional, scientific and technical work (-2.4%). (Agenda/Business World Magazine)