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Development Sector Makes Major Contribution to Georgian Economy

In the first quarter of 2016, as compared to the first quarter of 2015, the Georgian economy increased by 2.6% (Gross Domestic Product -GDP). The major growth was recorded in the mining industry (29%) and development sector (25.7%). Transport and electricity production-distribution sectors have declined by 1.1% and 3.1% respectively.

The ratio of the development sector tin economic growth depends on the sector scales, besides the growth paces. Therefore, major contribution with 2.6% ratio in the economic growth was recorded from the development sector (1.55%). This signifies without this sector the state economy would grow only by 1%, instead of 2.6%.

Real estate transactions rank second with 0.5% ratio. The finance sector ranks third with 0.34% ratio.

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