Estimated real Gross Domestic Product (GDP) growth rate in May 2021 amounted to 25.8 percent YoY and 11.5 percent in January-May of 2021 YoY, - Georgian National Statistics Office reports.

In May 2021 the estimated real growth compared to the same period of the previous year was revealed in almost all sectors. Significant contributions to real GDP growth was observed in the following activities: Manufacturing, Financial and Insurance activities, Trade, Real estate activities, Hotels and restaurants, Construction, Transportation and storage.

Geostat produces monthly rapid estimates of real GDP growth rate using administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics. Compilation of rapid estimates is an internationally adopted practice to obtain preliminary monthly growth rate of real GDP. For those sectors, where preliminary monthly data do not exist (e.g. agriculture. non-observed economy etc.), estimations are based on the data for previous periods.