GEORGIA: Among other industries, insurance sector faced a decrease in March

7 May 2020 — Marina MAGNAVAL
The economy of Georgia in March decreased by 2.7%, based on preliminary estimates y-o-y, according to Gogita TODRADZE, Executive Director of the National Statistics Office, Georgia Today reports.

As he explained, almost all sectors saw a decrease. The export in March dropped by about 22%, and the import - by 13.4%. The estimated average real GDP for the first three months equaled 1.5% y-o-y.

Gogita TODRADZE, Executive Director of the National Statistics Office, explained:

"A decrease was registered in accommodation and food service activities, transportation and storage, arts, entertainment and recreation, wholesale and retail trade; repair of motor vehicles and motorcycles, financial and insurance activities, electricity, gas, steam and air conditioning supply, manufacturing, real estate activities."

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