Georgian Prime Minister Irakli Garibashvili has stated earlier today that gross domestic product in Georgia will reach a historic high in January 2022 amounting to 65 billion GEL (about $20 bln./€18 bln).
Garibashvili noted that the economic growth rate for the first nine month of 2021 amounted to 11%, calling the figure ‘unprecedented growth across the region and Europe.’
He said that Georgia’s GDP per capita in January will be 5,500 USD.
The economic growth rates are very promising. The economy is recovering at a rapid pace...Georgia will have the highest economic growth in the upcoming five years in the region and in European countries,” said Garibashvili.
He also announced several large-scale projects and initiatives, noting that the government’s main purpose should be the ‘creation of jobs, overcoming poverty and unification of our country.’
The estimated real gross domestic product (GDP) growth rate in September 2021 equaled 6.9% year-on-year and 11.3% in January-August of 2021 year-on-year.