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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.

December 2025 | Agri Review
12 January 2026

In 2025, the Government of Georgia (GoG) continued subsidizing non-standard (lower-quality) tangerines, allocating 2.6 million GEL to the Autonomous Republic of Adjara. Local citrus processing companies that purchased non-standard tangerines from farmers for at least 40 tetri per kilogram, received a 35-tetri subsidy from the government.

December 2025 | The Khachapuri Index over the decade
30 December 2025

In December 2025, the average cost of preparing one standard Imeretian khachapuri increased to 7.86 GEL, marking a 5.2% rise compared to November 2025 and a notable 11.8% increase compared to December 2024.

Consumer Confidence Index | December 2025
25 December 2025

The overall Consumer Confidence Index (CCI) declined to -11.7 index points in December 2025, marking a renewed weakening of consumer sentiment compared to November. The index fell by 1.8 index points month-on-month, reversing part of the gradual improvement observed in the preceding months and closing the year at a relatively subdued level.

December 2025 | Georgia’s economy in 2025: robust growth, inflation pressures, and external risks
22 December 2025

According to the ISET Policy Institute's latest projections, based on September’s data, Georgia's economy is expected to grow by 6.7% 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%.

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