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Economic Growth in 1Q18 Marked 5.2%

GDP growth pace in March 2018 constituted 5.6% year on year, while the 1Q18 real averaged growth made up 5.2%, according to a preliminary report.

According to Geostat, national statistics service of Georgia, in March 2817 a significant growth was recorded in social, personal and communal services, processing industry, transport field, real estate operations and trade.

Exports in March constituted 293.9 million USD, while imports marked 837.7 million USD. A total of 4 786 new business entities were registered in the reporting period, up 0.5% year on year.

Turnover of VAT payer companies rose by 12%.