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PM: During 9 Months, Economic Growth in Georgia is 10.2%, which is Unprecedented in all of Europe

by Georgia Today
October 31, 2022
in Business & Economy
Reading Time: 1 min read
PM To Hold Briefing at 14:00

Against the background of the current geopolitical challenges and tensions, we maintain high economic growth in the country. During 9 months, economic growth in Georgia is 10.2%. This is unprecedented in all of Europe, – the Prime Minister of Georgia, Irakli Garibashvili, claimed on Monday.

He added that exports have increased by 40% and the growth in nine months was 37.4%. Revenues from exports amounted to four billion US dollars.

“Tourism is being restored at a fast pace. If we compare it to 2019, this year tourism has already been restored by 97.5%, and the income received from it amounted to 2.5 billion US dollars.

“I don’t want to make predictions, but by the end of the year our expectation is that we will maintain this high economic growth and we expect double-digit economic growth at the end of the year,” the PM said.

Tags: Economic GrowthPM
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