“The State Statistics Office (GeoStat) has released figures showing an economic growth of 7.6% from January to October. Therefore, with a very high probability, we will surpass the IMF’s forecast of 7.2% by the end of the year,” stated Georgian Prime Minister Irakli Kobakhidze at today’s government session.

He added that Georgia’s economy would surpass GEL 100 billion by the end of the year, and nominal GDP per capita would exceed USD 10,000 for the first time in history.

“I would like to remind you that the IMF has revised its initial forecast upwards to 7.2%, and it appears we will achieve an even higher figure by year’s end. Furthermore, for the first time, our gross domestic product will surpass GEL 100 billion, and nominal GDP per capita will exceed USD 10,000. In terms of purchasing power parity, GDP per capita will exceed USD 30,000 for the first time, compared to just USD 10,000 eight years ago.

The country is experiencing strong economic development across all sectors. We will do everything possible to ensure that this positive growth trend continues and that our high rate of economic growth is maintained,” the Prime Minister affirmed.