Georgian Finance Minister Lasha Khutsishvili announced that the country’s real economic growth rate had surpassed 44% from 2021 to 2024, while the nominal GDP growth exceeded 82%.
During a speech at Parliament, Khutsishvili highlighted that economic growth in 2024 remained robust, surpassing initial expectations. He noted that the real growth forecast for the end of 2023 had been set at 5.2%, with nominal GDP projected to reach approximately GEL 85.98 billion.
Additionally, preliminary data from the National Statistics Office revealed a 10% growth rate for the first ten months of the year.
“We based the budget on a relatively cautious forecast,” said Khutsishvili. “In particular, we anticipate real economic growth of 9% this year, with nominal GDP expected to exceed GEL 90 billion.”
The Minister also mentioned that GDP per capita had more than doubled, rising from USD 4,300 in 2020 to over USD 9,000 by the end of 2024.
