Georgia's gross domestic product or GDP at market prices declined 2.5% year-on-year in the fourth quarter, compared to a 3.9% fall in the previous quarter, a report by Statistics Georgia said Tuesday.

Among the sectors, the steepest fall in the value addition of 25.6% was in the financial intermediation sector, followed by a 20.1% drop in the value addition from the transport and storage sector.

Meanwhile, the GDP at basic prices dropped 2.1% annually in the fourth quarter, after a 3.6% fall in the third quarter.

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