Georgia GDP Growth Rate YoY
The most important sector of the economy in Georgia is services, which accounts for 69% of total GDP and includes wholesale and retail trade, repair of motor vehicles, motorcycles, and personal and household goods (17%), public administration (8%), transportation (8%), and real estate, renting, and business activities (7%). Industry accounts for 23% of the total, with manufacturing (10%) and construction (9%). 8% of the wealth is generated by agriculture, hunting, forestry, and fishing. When it comes to expenditures, the dominant component of GDP is domestic consumption, which accounts for 61% of total use. The next major components are gross fixed capital formation (30%) and government expenditure (17%). Exports of goods and services account for 50% of GDP, while imports account for 62%, resulting in a net loss of 12% of total GDP due to trade imbalance.
A higher than expected figure should be seen as positive (bullish) for the GEL while a lower than expected figure should be seen as negative (bearish) for the GEL.
