,,Georgia was able to maintain the pace it had in previous years, when the economic recession was observed in many European countries," - the Deputy Minister of Economy and Sustainable Development of Georgia, Vakhtang Tsintsadze, said.
"It should be noted that economic activity was supported by both investment activity and positive trends observed in terms of foreign trade and revenue from tourism. In 2023, Georgia was able to overcome inflation, which was a global challenge, much faster, and we ended 2023 with an average inflation rate of 2.5%," - the Deputy Minister noted.
According to the indicator of 11 months of 2023, the economic growth of the country was determined by 6.9 percent. A positive contribution to the economic growth is related to the trade, construction, financial and insurance activities, as well as the information and communication sector.
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