3Q23 & 9M23 Performance Overview
ICT SECTOR: BOOSTS GDP GROWTH AND EMERGES AS A
NEW SOURCE FOR THE FOREIGN CURRENCY FLOWS
THE INFORMATION AND COMMUNICATION (ICT) SECTOR SHARE IN GDP
STANDING AT 4.9% IN 2Q23, AS OPPOSED TO 3.1% IN 2018-2021
1,000
I Information and Communication, Value Added (GEL mln, LHS)
Share in GDP, % (RHS)
900
800
EXPORTS OF ICT SERVICES (US$ MLN)
GEORGIA
CAPITAL
Telecommunications services (LHS)
Information services (LHS)
6%
35
250
5.5%
5.1%
-Computer services (RHS)
5.2%
4.9%
30
5%
4.3%
700
3.9%
3.8%
4%
3.5%
600
3.3%
3.4% 3.3%
3.2%
3.2%
3.1%
3.1%
3.1%
3.0%
2.9%
2.9%
2.9%
500
2.8%,
2.6%
400
300
200
100
0
1Q18
2Q18
Georgia Capital PLC | Source: NBG, Geostat
3Q18
4Q18
1Q19
2Q19
3Q19
4Q19
1Q20
2020
3020
4020
1Q21
240 263 272 302 290 322 340 371 314 286 361 406 389 455 464 520 495 660 876 913 785 822
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
25
25
20
20
3%
15
2%
10
1%
5
0%
0
1Q15
4Q15
3Q16
2Q17
1Q18
4Q18
3Q19
2Q20
1Q21
4Q21
3Q22
200
150
100
50
50
2Q23
0
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