Georgia’s January statistics shows 5,2% economic growth, exceeding the annual indices over the past 4 years

The recent statistical data show positive tendencies in country’s economy-Georgian Prime Minister, Giorgi Kvirikashvili, stated at the government session.

“We had made a good start this year. According to the National Statistics Office data, January was very successful. 5,2% real GDP growth within a year (since January 2016) is a very good result. Other parameters are also important. For example, exports increased by 44,7% in January, as compared with the same period of the last year. VAT turnover also increased by 21%”, said Kvirikashvili.

He also pointed out that there was a 33% growth in the number of new businesses registered, while the number of tourist arrivals increased by over 30%.

As a reminder, there was a considerable drop in Georgia’s economic growth starting from 2013. In 2012, country’s economic growth made 6,4%, whereas in 2013 this rate dropped down to 3,4%. The economic growth rate increased by 4,6% in 2014, by 2,9% – in 2015 and by 2,3% in Q3, 2016. The final data for 2016 haven’t been publicized yet.