September 2024 | Agri Review
04
October
2024
The National Statistics Office of Georgia (GeoStat) has published its second quarterly bulletin for 2024. The publication highlights that the real GDP in agriculture, forestry, and fishing increased by 0.7% compared to the first quarter of 2023. Furthermore, agriculture contributed to 5.3% of the country’s total GDP during the first quarter of 2024.
FDI trends within the sector were rather negative. In the first quarter of 2024, FDI in agriculture accounted for -0.9 mln. USD, which indicates the outflow of capital within the sector. At the same time, FDI in agriculture remains low compared to other economic sectors – accounting for only -1% of the total FDI in the first quarter of 2024.