Issue 27: GDP and FDI – I quarter 2014
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GDP and FDI – I quarter 2014
ISSUE #27 / 01.08.2014
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| Real GDP and FDI growth, 2009-14 | ||||||||
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In the first quarter of 2014, real GDP increased (7.1%, 223mln GEL). Manufacturing (16.7%, 56.4 mln.GEL), construction (14%, 35 mln. GEL) and trade (11.1%, 57.1mln GEL) expanded the most. The reduction was only in mining (-13.6%; -3.3 mln.GEL).
In the first quarter of 2014, FDI (15%; 33.7 mln.USD) also increased. The highest increase of investments is in Real Estate (by 133, 12.5mln USD), manufacturing (by4.1, 34.7mln USD) and transports and communications (by 3.7, 32 mln.USD).
In the first quarter of 2014, the total turnover of business sector increased (16.1%, 1384.5 mln.GEL). In the mentioned period the number of newly established business entities is 12 797.
In the first quarter of 2014, 12 797 new business entities establish.
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In the first quarter of 2014, the structure of real GDP did not change compared to its structure in the same period 2013.
In this period, 60% of real GDP was created in Transport and Communications (19%), Trade (18%), Manufacturing (13%) and Agriculture (10%) sectors.
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| The structure of real GDP , I quarter 2014 | ||||||||
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In the first quarter of 2014, trade (1.6 percentage points) had the largest contribution to real GDP (7.1%) growth.
In the first quarter of 2014, output (12.1%, 130.9 mln.GEL), turnover (18.4%, 819.3 mln.GEL) and employment (9.7%, 10.1 ths persons) in trade increased. As a result, real GDP created in trade increased (11.1%, 57.1 mln.GEL).
By June 1 2014, 44.5% (50 339 entities) of business entities operating in Georgia are involved in trade, which employs 23.1% (114.3 ths. persons) of all people employed in the business sector.
Even though, the flow of FDI in trade is highly infomative indicator, it is not recorded separately by the National Statistics Office of Georgia.
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Real growth in Trade | ||||||
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| Real growth and FDI growth in manufacturing | ||||||||
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In the first quarter of 2014, turnover (16.2%; 188.4 mln.GEL), as well as output (15.2%; 211.1 mln.GEL) in manufacturing increased. As a result, real GDP created in manufacturing also increased (16.7%, 56.3 mln.GEL), but the number of the employees in this industry decreased (-4.7%, 3.6 ths persons).
In the first quarter of 2014, FDI in manufacturing increased (307%; 34.7 mln.USD).
By June 1, 2014, 7.9% (28 251 entities) of all business entities in Georgia are operating in manufacturing, they employ 15.5% (77.1 ths. persons) of total number of employed in business sector.
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