Georgia’s gross domestic product grew by 8.3% year-on-year in the fourth quarter of 2024 from an 11% expansion in the previous three-month period. 

This marked the slowest economic growth since the fourth quarter of 2023, primarily due to a slowdown in output growth for construction (7.4% vs 30.9% in Q3), information and communication (29.7% vs 32.8%), transportation and storage (3.0% vs 9.8%) and manufacturing (1.1% vs 1.2%). 

In addition, output declined in wholesale and retail trade, including the repair of motor vehicles and motorcycles (-0.2% vs 11%). 

On the other hand, output growth accelerated in agriculture, forestry, and fishing (9.4% vs 2%), mining and quarrying (22.5% vs 13.5%), and public administration and defense, including compulsory social security (19.9% vs 14.7%). 

Additionally, output rebounded in electricity, gas, steam, and air conditioning supply (0.8% vs -13.6%) and it contracted at a slower pace for real estate activities (-2.3% vs -4.9%).