According to preliminary data, the Georgian economy shrank by 6.1% in 2020

According to the preliminary data of Geostat, the Georgian economy shrank by 6.1% in 2020. Gogita Todradze, Executive Director of the National Statistics Office, stated about it at a briefing today.

As Todradze noted, in December 2020, the Georgian economy shrank by 7.9%.

"According to the declared data of VAT-paying enterprises, in December 2020, compared to the corresponding period of the previous year, the Georgian economy decreased by 7.9%. Therefore, the average rate of decline for 12 months is -6.1%", - said Gogita Todradze.

According to him, in December 2020, compared to the corresponding period of the previous year, a decrease was observed in the following activities: accommodation, construction, arts, entertainment and leisure, manufacturing, transport and warehousing, wholesale and retail trade, repair of cars and motorcycles. The growth was observed in the following sectors: financial and insurance activities, water supply, sewerage, waste management and pollution control activities, information and communication, mining industry.