January Sees 11.5% Downturn in Georgian Economy

According to Geostat, the national statistics service of Georgia, in January 2021, the Georgian economy declined by 11.5%.

As compared to January 2020, the reporting month recorded a downturn in the following directions: construction, transport and storehouses, processing industry, accommodation facilities, and others. According to Geostat, growth was recorded in the information and communications sector, financial, and insurance fields.

In January 2021, exports declined to $224.4 million, down 16.2%, compared to January 2020. Imports also declined by 16.6% to $538 million. A total of 2,835 new enterprises were registered in January 2021, down 23.3% as compared to the same period of 2020. Turnover of VAT-payer companies declined by 8.1% compared to January 2020 and constituted around GEL 5.8 billion.

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Business

January Sees 11.5% Downturn in Georgian Economy

According to Geostat, the national statistics service of Georgia, in January 2021, the Georgian economy declined by 11.5%.

Last 7 Days Hot Topic

The restaurant "Drzlebi" Located in Terjola, will Reopen in May
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02

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January Sees 11.5% Downturn in Georgian Economy

According to Geostat, the national statistics service of Georgia, in January 2021, the Georgian economy declined by 11.5%.

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
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