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Minister: Georgia’s Economy is Recovering

by Georgia Today
April 13, 2021
in Business & Economy
Reading Time: 1 min read
Minister: Georgia’s Economy is Recovering

Minister of Economy Natia Turnava claims that the Georgian economy is “recovering and developing.”

“We are witnessing the economic recovery, and foreign trade statistics confirm that. In March, we have a record increase in exports.

“We have very positive expectations, despite the great danger of the third wave approaching – the Georgian economy is reviving, developing; local production is expanding its export opportunities and entering new markets,” the Minister said.

For the record, on April 13, the National Statistics Office of Georgia (Geostat) released a new report, based on which, the value of export in January-March 2021 increased by 5.3% reaching $821.1 million.

The report also noted that the External Merchandise Trade (excluding non-declared trade) of Georgia amounted to $2,773.5 million in January-March 2021, 0.3% lower year-on-year.

The value of export increased by 5.3% reaching $821.1 million, while import decreased by 2.4%
and amounted to $1,952.4 million.

The trade deficit equaled $1,131.4 million and its share in trade turnover constituted 40.8%.

By Ana Dumbadze

Related Story: Geostat: Exports Up by 5.3% to $ 821 million in January-March

Tags: ExportsGeorgian EconomyGesotatNatia Turnava
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