Vakhtang Tsintsadze, the Deputy Minister of Economy and Sustainable Development, announced that Georgia’s economic growth rate is projected to significantly exceed the forecasts of various international financial organizations.

According to Tsintsadze, robust trends in exports have been a crucial driver of this economic growth.

“We anticipate this current growth trajectory will persist in the coming months. Several international financial institutions have already revised Georgia’s economic indicators upward. We expect the actual growth rate to surpass these forecasts, resulting in the creation of more jobs, an increase in foreign direct investment, and overall growth in the population’s income,” stated the Deputy Minister.

Tsintsadze pointed out that in August, exports surged by 30%, reaching over USD 640 million. He also highlighted the rise in economic activity across various sectors, including professional, scientific, and technical services, information and communication, construction, finance and insurance, education, and real estate.

According to data from the National Statistics Service (GeoStat), Georgia’s economy grew by 12% in August.