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Quarter 4, 2025 Macro Review | Georgia: inflation above target, growth converging, and an external balance that still holds
23 March 2026

Economic activity remained strong through the end of 2025, although the pace of expansion continued to normalize. According to preliminary estimates, real GDP growth reached 7.5% in 2025, indicating that output was still expanding above Georgia’s longer-run trend even as the economy gradually converged toward potential.

March 2026 | Robust growth prospects for Georgia in 2026: strong domestic demand and improved trade balance
20 March 2026

According to the ISET Policy Institute's latest projections, Based on January’s data, Georgia's economy is expected to grow by 5.1% in the first quarter of 2026 and 6.3% in the second quarter of 2026. The annual growth in 2026 is expected to be 4.9% in the worst-case scenario, and 6.3% in the best-case or an average long-term growth scenario.

February 2026 | Georgia 2026: growth momentum under tight monetary conditions and external volatility
20 February 2026

According to the ISET Policy Institute's latest projections, Based on December’s data, Georgia's economy is expected to grow by 5.1% in the first quarter of 2026 and 6.3% in the second quarter of 2026. The annual growth in 2026 is expected to be 4.9% in the worst-case scenario, and 6.3% in the best-case or an average long-term growth scenario.

January 2026 | Georgia’s growth momentum Under tight monetary conditions: GDP Forecast update, January 2026
20 January 2026

According to the ISET Policy Institute's latest projections, based on September’s data, Georgia's economy is expected to grow by 6.6% in the fourth quarter of 2025 and 5.2% in the first quarter of 2026. The annual growth in 2025 is expected to be 7.6%.

Q3 2025 Macro Review | Services momentum, external resilience
12 January 2026

According to preliminary indicators, real GDP grew about 6.5% y/y in Q3 2025 (Figure 1), easing from 7.3% in Q2 but still above the pre-2022 norm. Expansion remained services-led: summer tourism, ICT, and transport did most of the lifting, while manufacturing and construction/utilities were softer as re-exports normalized.

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