Economy

Fastest and Slowest Sectors of Georgian Economy

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ბათუმი, პორტა თაუერი Photo: facebook.com/PortaBatumiTower

According to research released by GeoStat, the Georgian economy has grown by 3% in the second quarter of 2016. The Georgian economy was valued at 8 billion GEL during this period.

The fastest growing part of the economy was the mining sector which increased by 24%, followed by the construction industry.

Negative growth was reported in transport and trade which contracted 5.8% and 2.8% respectively.

Top five fastest growing sectors:

  1. Mining - 24.1%

  2. Construction- 12.8%

  3. Financial Intermediation - 9.8%

  4. Financial - 9.4%

  5. Domestic Industries - 9.5%

Five slowest sectors:

  1. Transport - (-5.8%)

  2. Trade - (-2.8%)

  3. Energy - 0.3%

  4. Healthcare - 1%

  5. Agriculture - 1.7%

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