Davitashvili stressed that the data adjusted by the national statistics office showed the country’s economy had grown by 10.5 percent in 2021 and 10.2 percent between January and September of 2022.  According to the Minister, the increase in economic activities in the transportation, warehousing, construction, industry and service sectors, including activities related to tourism, has made a significant contribution to the growth this year.

"On the other hand, foreign exchange inflows received from foreign trade, tourism, international shipping and other channels were an important factor in the growth of economic activity", Davitashvili said, adding the forecast was "quite encouraging" for the next five years.

“Georgia should have the highest economic growth in Europe - 5.8%, this is the forecast of the International Monetary Fund. The high growth had made a positive effect on employment trends,” - the Minister stressed.

"In the third quarter of 2022 the level of unemployment decreased significantly, reached a historical minimum and amounted to 15.6 percent. This is a better indicator than what we had before the pandemic. In the third quarter of 2022, the number of employees increased significantly - by 77,500 people [y/y], and compared to the figure of the third quarter of 2019 - by 47,400 people.

2022 was positive in terms of attracting direct foreign investments; the volume of the investments has increased by 102% compared to the previous year and reached $922.9 million. The figure marked a 62.5% increase over 2019, while the share of the European Union in direct foreign investments equaled 42.5%," - Davitashvili added.