The nominal gross domestic product (GDP) of Georgia amounted to 60.23 billion GEL ($18.7bln/€16.94bln) in 2021, up by 22.3% year-on-year, while the real growth of GDP also increased by 10.4%, the preliminary data from the National Statistics Office of Georgia (Geostat) show.
The largest share of GDP growth was posted in wholesale and retail trade, repair of motor vehicles and motorcycles (16.6%); manufacturing (11.7%); real estate activities (10.2%); construction (8%); agriculture, forestry and fishing (7%).
Real growth was registered in wholesale and retail trade, repair of motor vehicles and motorcycles (19.9%); transportation and storage (27.6%); arts, entertainment and recreation (43.1%);
human health and social work activities (28.7%); financial and insurance activities (23.5%).
The reduction in the real value-added was recorded in construction (-21.8%); agriculture, forestry and fishing (-1.4%); education (-2.3%); public administration and defence; compulsory social security (-0.9%).
In the fourth quarter of 2021, the nominal GDP equalled 17.22 billion GEL ($5.35bln/€4.84bln), with the real GDP growth increased by 8.8% compared to the same period of the previous year. In 2020, the real growth of GDP decreased by 6.2%.
