The National Statistics Office of Georgia has published the May 2020 economic growth data.
Following the document, Georgia's economy has dropped by 13.5% compared to the same period of 2019.
Reports say that in January – May 2020, Georgia's economy dropped by 5.4%.
Statistics Office Director Gogita Todradze says that the VAT-payer enterprises' reduction (by 22.2%) harmed the growth.
He says the dropped export rate also negatively influenced the economy.
In his words, the construction field observed a decrease, while the construction materials' imports dropped by 39%.
The decrease in trade mainly links the reduction with vehicles, as the re-export rate decreased by 77% in May.
"The tourism sector has observed a severed drop as the number of visits decreased by about 94%,'' Todradze reported.
Bela Gelashvili
News Author