Official statistics show 1.5% increase in GDP in second quarter of 2013

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Gross Domestic Product of Georgia (GDP) has increased by 1.5% in the second quarter of 2013, as compared to the corresponding period of the previous year, according to the data released by the National Statistics Office of Georgia on 18 September. The real GDP growth was at 8.2% in the second quarter of 2012. The first two quarters of 2013 saw an increase of real GDP by a mere 1.9% on the corresponding indicator of 2012.

Industry (16.8%) accounts for the largest share in the GDP, which is followed by trade (16.7%), transportation and communications (10.9%), public governance (10.5%), agriculture (9.5%), health care (6.1%) and social assistance (6.1%).

Compared to the second quarter of 2012, the mining industry saw the highest increase (9.9%) whereas the construction sector experienced the most dramatic decrease (-14.5%).

 

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