Georgian Economy Hit a Record 44.8% in April

Georgian economy grew by 44.8% in April compared to the same period of the last year, - show preliminary data from the Statistics Office of Georgia (Geostat). Such high economic growth is mainly due to the so-called the "base effect “, because the economy shrank by 16.6% in April 2020 due to the lockdown in the country.

“In April 2021 the estimated real growth compared to the same period of the previous year was observed in the following activities: Manufacturing, Construction, Trade, Transportation and storage, Hotels and restaurants, Financial and Insurance activities, Real estate activities, Professional, scientific and technical activities”, the document reads.

According to Geostat, VAT taxpayers’ turnover made up 8.44 billion GEL in April, the figure is 93% high compared to the same period of 2020.

Exports increase had a positive impact on economic growth as well, which was up by 19.6% this year.

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Georgian Economy Hit a Record 44.8% in April

Last 7 Days Hot Topic

The restaurant "Drzlebi" Located in Terjola, will Reopen in May 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Hereti Global Starts Exporting Wine to the United States 03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 04

Beer Production Hits Record High in Georgia 05

Startup Georgia Resumes Funding for Innovation-Driving Projects 06

The restaurant "Drzlebi" Located in Terjola, will Reopen in May
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With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Hereti Global Starts Exporting Wine to the United States
03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
04

Beer Production Hits Record High in Georgia
05

Startup Georgia Resumes Funding for Innovation-Driving Projects
06