Georgia's estimated GDP increased in October 2021 compared to the same period last year, and totalled 6.9% year-on-year, while in January-October of 2021 year-on-year growth amounted to 10.5%, preliminary data of the National Statistics Office of Georgia (Geostat) show.
Geostat reported that a decline was registered in construction.
Based on the Geostat report, in October 2021, the export of goods increased by 24.9%, while imports grew by 22.3%.
Georgian Prime Minister Irakli Garibashvili called economic growth in the country ‘unique, unprecedented growth across Europe.’
He also stated several days ago that the gross domestic product in Georgia will reach a historic high in January 2022 amounting to 65 billion GEL (about $20 bln./€18 bln), noting that Georgia’s GDP per capita in January will be 5,500 USD.
The International Monetary Fund (IMF) projects the Georgian economy to grow 7.7% in 2021 and 5.8% in 2022.