Georgian Finance Minister Lasha Khutsishvili on Tuesday said the real economic growth rate in the country had exceeded 44% from 2021 to 2024, while the nominal gross domestic product growth surpassed 82%.
Speaking at the Parliament earlier today, Khutsishvili pointed out the growth “continued to remain strong” in 2024, exceeding initial projections. He indicated the real economic growth forecast had been set at 5.2% by the end of 2023, with a nominal GDP expected to reach about GEL 85.98 billion.
In the meantime, preliminary data published by the National Statistics Office shows a 10 percent growth rate over the first 10 months of the year.
"We have planned the budget on a relatively conservative forecast. In particular, the forecast of real economic growth this year stands at nine percent, and the nominal GDP is projected to exceed GEL 90 billion.
The Minister added GDP per capita had more than doubled, increasing from USD 4,300 in 2020 to over USD 9,000 by the end of this year.
