Baku, Azerbaijan, Nov. 28
By Nigar Guliyeva– Trend:
Georgia recorded 4.9 percent economic growth in the first 10 months of 2017, show the latest data from the National Statistics Office of Georgia (Geostat).
The estimated real Gross Domestic Product (GDP) growth rate amounted to 5.7 percent year-on-year in October 2017.
Geostat announced that the estimated real GDP growth in October 2017 was observed in the following industries: hotels and restaurants, manufacturing, trade and transport.
A decrease was registered in construction and real estate activities, the report reads.
"This is a great result on a regional scale and, of course, our duty is to create as much dynamics as possible in the economy. And I am sure the Tbilisi Silk Road Forum that was held in Georgia and those projects that are planned within the forum will create more dynamics,” said Prime Minister of Georgia, Giorgi Kvirikashvili at today’s government meeting.
The PM stated that based on the economic forecasts of "all financial institutions” Georgia will experience higher economic growth next year. "Next year we have to take all efforts to exceed their prognoses in a positive light," he said.