According to 10-month data, Georgia’s economic growth stands at 7.6%, and by the end of the year, it is expected to reach a similar figure—surpassing even the International Monetary Fund’s adjusted projections, Georgian Prime Minister Irakli Kobakhidze stated at a government session.

The Prime Minister highlighted the impact of renewing the economic team on these results.

“Our economic team has been renewed decisively. Despite negative forecasts at the beginning of the year, we achieved impressive results. Economic growth for the first 10 months is 7.6%, and by year-end, we expect to maintain this level, exceeding the IMF’s adjusted turnover. Thanks to the effective work of the economic team, Georgia’s economy will surpass 100 billion GEL for the first time, reaching approximately 104 billion GEL. Per capita income will exceed $10,000, and purchasing power parity will surpass $30,000, also for the first time,” Kobakhidze noted.

He added that strong economic growth strengthens both the country’s economic and political positions and, most importantly, improves the social situation for the population.

Regarding the state budget, the Prime Minister emphasized that revenues have been fulfilled at over 100%.

“External debt has decreased to 34% of GDP, down from over 60% in 2020. This reflects sustained economic growth and the economic team’s effective work. Despite initial negative forecasts, the lari exchange rate remained stable, and by year-end, foreign exchange reserves are expected to exceed $6 billion, which is vital for the country’s stability,” Kobakhidze said.